“If we don't want to tell an 8-year-old what to eat for lunch, why are we telling the 8-year-old's parent, a 28-year-old, no, you can't gamble, we don't think that is appropriate?”
I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.