The Editor: Is gambling big now days, LL ?
Snake Eyes Cat: It sure is. The first recorded gamble was when Eve ate the fruit. She gambled that knowledge of good and evil would be better than eternal life without any worries.
Ever since then gambling has been essential to humans. It is in their DNA, Genes, and Chromosomes. The Romans were the great gamblers. They had a goddess for fortune and luck. Those were the good old days.
Gambling became so popular that people started cheating to gain an edge. Here is a good example.
The feds should let small banks take care of family and small business loans and let the big banks gamble like they did before the 2008 crash. They could move from Wall Street to Las Vegas. They could get some volatility with no taxpayer bailout.
You can say what you want about the Glass-Steagall Act, but for over 60 years there was no 2008-like meltdown.