I would add Don ' t go to college to study something the world doesn ' t want or need . <| sep |> I did it thank you now its downloading updates . <| sep |> My therapist says I would be more focused if I had visual reminders of my goals , so I made sure all the lamps in the house had threeway bulbs . <| sep |> The issue with the London Whale trade wasn ' t that there weren ' t rules to cover it , it was JPMorgan ' s failure to follow the ones that already existed and no one in government noticed . So it remains to be seen how big an impact things like the Volcker Rule will have in reigning in the riskier elements of the big banks . It ' s a fine fine line between legitimate profitdriven speculation and reckless speculation . All the regs still depend on whether the banks follow them and whether the regulators notice if banks don ' t . Also , it ' s worth noting that the ' Volcker rule ' the ban on proprietary trading by commercial banks wouldn ' t have done much to mitigate the ' 08 crisis . But yeah , it ' s a step in the right direction i guess . In my mind the biggest issue is simply the size concentration of the banks . They are still too large to fail , so a single undetected crisis could spell catastrophe .