Monday, April 27, 2009

Obama Administration Claims Venture Capital Poses a "Systemic Risk To Our Economy"?

Am I misunderstanding something here? People who pool their money together to invest in the creativity and vision of Entrepreneurs are a hazard to the American economy?

For God's sake, when did I go through the fucking Looking Glass?

Why Is Venture Capital Under Assault?
President Obama and Treasury Secretary Geithner recently declared a need to regulate venture capital firms on the grounds they pose systemic risk to our economy. Nothing could be further from the truth.

Venture capital is focused almost entirely on new technologies of small startup companies, the failure of which assuredly has no effect on the larger economy.

4 comments:

Epaminondas said...

Success outside the administration's invention and model IS A THREAT to the unity of the good, silly.

You must be absorbed into the body

Pastorius said...

I've been thinking about my doorbell
And when they're gonna ring it
When they're gonna ring it

http://www.youtube.com/watch?v=LT3w6-cCn10

WC said...

Somebody commit this madman Obama.

Anonymous said...

Need to start using the translator. A systemic risk to "a planned economy."

There - translated.

Ro