For science! But seriously. I don't know if I want to nominate the guy for a medal or put him in jail. The incident with milking a cobra while drunk is criminally reckless, not just to his own health, but also to whoever runs into the now probably escaping snake next. He might have had proper precautions in place, like snake-proof rooms (which is harder than it sounds), but somehow I doubt it....
Keeping hot snakes in your home is definitely not a good idea. You will get bitten eventually, and you'd better keep your own supply of antivenin since there's not much cobra antivenin in the US. On the plus side, an escaped cobra probably won't live long in the wilds of Wisconsin. No other cobras to mate with, different food supply, and it's too cold.
Even tropical snakes can stay alive in a home, or a settlement. I wouldn't expect them to breed, except of course in Florida where apparently all kinds of reptiles can become pests.