Why just the banks? Actually the government should focus its attention on VC firms. Here are the top 10 reasons why nationalization must be put in place immediately!
10 - VC returns have been awful for years.
I can argue that VCs have been in dire straits for longer than the banks.
9 - VC firms are just too big to fail.
Remember, 20% of the US
jobs are created by VC funded companies, so letting so many VC firms fail is just unconscionable!
8 - Partners will continue to have life employment just like today.
No worry about long term view, firm culture, ...
7 - The carried interest will be used to fund healthcare.
This should add at least a few $B to healthcare, enough to add aromatherapy as a covered procedure.
6 - The LPs will be the 41 members of the Ways and Means committee, with Charles Rangel as the "lead LP".
(shudder)
5 - Startups will be able to get funding through earmarks.
Who said all earmarks are bad?
4 - GP perks will be severely limited by the GAO.
Now, I can't wait for those reports to come out! (hey why did he get a gold plated toilet seat in his private jet?)
3 - However, lobbyists will more than make up for it.
(sigh of relief)
2 - Tim Geithner will be able to tell the difference between a VC fund and a hedge fund.
Uh, a hedge fund is still private and a VC fund already works for me?
And for the top reason why VC firms should be nationalized...
1 - GP will go back to its original meaning "Government Property".
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