legal precedence is against domain squatting. Especially in the US.
Anticybersquatting Consumer Protection Act (ACPA), 15 U.S.C. § 1125(d) (1999)
As a consumer you are protected from owning madonna.com, kevinspacey.com, and any word a giant corporation claims is associated with their business even if you register them. The Govt keeps you safe from yourself like that. :)
~wobbles but doesn't fall down~