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Racing Must be Pretty Complex eh?

Today in the Saratogian, NYRA board member Charles Wait said:
  • Wait said he doesn’t believe anyone at NYRA should lose their job. "I don’t think so," he said. "It’s something for the (board’s) Audit Committee to review."

    Asked if firings would follow a similar mistake at the bank — Adirondack Trust Co. — that he chairs, Wait said, "It’s not comparable. The racing laws are quite complex. We (NYRA) missed it and made a mistake. The first thing you do is apologize, which we’ve done."
That's pretty interesting, because I just had a look on Wikipedia about the US Banking System, then drilled down to the recently passed Dodd Frank Act . \With the latter and its gazillion sections, and 243 new rules, my head almost exploded. It's a wiki version of War and Peace.

It seems that "we have to lower takeout back to 25% in September 2010" is much easier to understand, but maybe that's just me.

o_crunk was somewhat less politically correct.

Enjoy your Friday folks!

PS: Steve Crist chimes in




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