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The problem with the housing bubble wasn't that pension funds, etc, invested. The problem was everyone invested huge portions of what they had because you will
by sbov 16y ago
The problem with the housing bubble wasn't that pension funds, etc, invested. The problem was everyone invested huge portions of what they had because you will never lose money when investing in housing. There should be no such illusion when investing in startups. Because of this, you would probably have a hard time finding an institutional investor that has as much of their fate tied to how well Facebook is going to do as you did with housing.
There is about 14 trillion in mortgage debt out there. 50 billion doesn't even register.