Two years from now, when the Volcker rule goes into effect, some firms may well try to skirt it, by, for example, placing big proprietary bets and trying to define them as something else.
But for the airline travel-booking world, dominated until recent years by big proprietary computerized reservations systems that were originally molded by the airlines, life now becomes more complicated.
These big proprietary hardware units sit in the phone closet and directly interconnect desktop phones with whatever outside phone connections a firm has.
"We're not willing to let a small group leverage our balance sheet or take big proprietary risks that can blow up the franchise," says Moglia.
"What we are seeing as competition are big proprietary data warehousing projects, but they don't give data collaborators the ability to control their own data.
Interestingly, Apple will keep the video going — as it notes, its own website uses animations — but if you haven't started a video yourself, it will pause it and toss a big proprietary play button on top of it.
But MyEdu has the benefit of building its new profile and recruiting options on top of a huge data set that already contains one of the larger repositories of course and grade history out there — something that differentiates it from its competitors and gives it a big proprietary advantage over its competitors.
This costs you and me an estimated $3.5 billion a year -- a hidden upward redistribution of our incomes to Pfizer, Merck, and other big proprietary drug companies, their executives, and major shareholders.
But, not so, at least with regard to the Volcker Rule, which is intended to limit the ability of big banks to make large "proprietary" bets.
Indeed, recently all the big investment banks established or expanded large proprietary trading and structural finance desks here.
