Why are we complaining about the VCs when this isn’t their fault? If you want people to blame, it’s Newt Gingrich and Bill Clinton for repealing the Glass Steagall Act. The exuberance and recklessness of the 90s is now haunting us, just like with Reagan’s deficit spending. This not being mentioned in over a dozen articles points to the failure of the mainstream media yet again, and they wonder why no one trusts them anymore.
Dodd Frank obviously is not good enough. If I were to guess, it was drastically weakened by lobbyists.
Dodd Frank obviously is not good enough. If I were to guess, it was drastically weakened by lobbyists.