Thanks so much!!! This is the solution that I've been searching for so long for!
It beats using the clip property! I had to tweak the code a bit but this is what I got working to perfection.
Code:
<div id="bla" style="overflow:hidden;border: 2px solid red;position:relative;width:590px;height:180px;">
<iframe style="position:absolute;top:-300px;right:-125px;width:1000px;height:1000px;" name="blabla" frameborder="0"
src="http://profiles.games.yahoo.com/games/profile2?name=tripped_out_josh&intl=us&consolidater=spades.yahoo"
scrolling="no"></iframe>
</div>
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