Quote

Unlike most traditional, season-long fantasy sports sites, which make most of their money from administrative fees and advertising, FanDuel and DraftKings take a cut of every bet. That is what bookies do, and it is illegal in New York.

You live in the city and all the time there are signs telling you what to do and billboards trying to sell you something.

The Commissioner was correct to ban Mr. Sterling from all official NBA business, to levy the stiffest allowable fine, and we will support his recommendation to press for Mr. Sterling to relinquish his ownership of the Los Angeles Clippers franchise.

Fraud is fraud. And consumers of any product - whether you want to buy a car, participate in fantasy football - our laws are very strong in New York and other states that you can't commit fraud.

As a real estate investor, you're ultimately accountable to you and your checkbook. Of course, you will need to stay on top of your local coding regulations and ordinances. But once you get the hang of it, you really shouldn't have any problems with ordinances.

When you sign your name on the dotted line, it's more than just playing baseball. You have a responsibility to make good decisions and show people how things are supposed to be done.

If I signed it that is the way it really happened. I don't know of any individuals who are saying anything different. I have no idea what is going on with that.

If you go to a building to skate, or if you go to these places to skate, you're told it's against the law in some cities. It's definitely a bummer. It's unfortunate.

For CNBC, and for Wall Street, billion-dollar fines for violations of the law are just part of the price of doing business, along with litigation costs and 'compliance.'

The law does not pretend to punish everything that is dishonest. That would seriously interfere with business.