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> Of course, SV is not blameless, but I think a lot of the characterization here is biased overall. I am sort of a silicon valley hater myself, but I agree tha
by game_the0ry 4y ago
> Of course, SV is not blameless, but I think a lot of the characterization here is biased overall.
I am sort of a silicon valley hater myself, but I agree that SV is not the only party to blame, not should it take the lion's share of the blame. SV did what SV does - take big risks. It did not help that the federal reserve help turbo charge risky investments via extraordinarily accommodative monetary policy.
To blame SV alone is to ignore a bigger problem, which is the fed.
- wankle 4y agoI'd like to clarify, who is the fed? The federal government? If so, would that go as high as the sitting president?
- shkkmo 4y agoIn the USA: "The Fed" (singular) almost always, but especially in this context, means the Federal Reserve. "The Feds" (plural) usually refers to some or another branch of federal law enforcement, especially the FBI. It occasionally refers to a non-law enforcement federal agency.