For the record, the Volcker rule has not taken effect yet. Jamie Dimon and JPMC has publicly opposed it. So have almost everyone else in the financial community. The fact that it has gotten this far is proof that at least some of the influence of Wall Street is on the wane. Under Bush or Clinton, something like the Volcker rule would not even been discussed.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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