The Las Vegas example is the one I use also. I could get on a plane, go to Vegas, spend every last penny I have, borrow all I could and spend it, and what happe

The Las Vegas example is the one I use also. I could get on a plane, go to Vegas, spend every last penny I have, borrow all I could and spend it, and what happens? Nothing. People might tell me how stupid I was. Yet if I do the same thing with startups, somehow I've been swindled and the public has an interest in protecting me. Huh? So how about if I created a roulette game where you spin a wheel and one time out of 50 you get in on a hot startup. The other times you lose your money. Would that be acceptable? I read the article, desperately trying to find something redemptive. I think the key statement is here: ..."The idea that a company could do this with no oversight is frightening because there are plenty of people out there who are willing to separate investors from their money," says Melanie Senter Lubin, Maryland's securities commissioner. "We are concerned about anything where investors have the potential of losing money or where they're making an investment without the information they need to make an informed investment decision."... So you put a up big huge disclaimer that says you have an extremely small chance of ever seeing your money again. I think that pretty much covers it, doesn't it? How much more informed do we have to be to spend our own money?