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by condor
6275 days ago
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If I had to guess I'd say vc oversight is part of a larger 'lets watch all the money in the system' initiative. Seeing as how the govt has pledged upwards of $12 trillion to bridge parts of the us financial system, I can understand why the government would want to keep an eye on everything to limit the chances of something in the shadows blowing up and requiring further govt bridging. Will it work, who knows ... personally, I don't agree with it, nor do I agree with any of the bailouts: banking, auto otherwise. |
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