So, the masses are stupid, VCs are smart. Stock brokers and investment bankers are the ones who truly caused every recession and the Great Depression. Oh, sure,

So, the masses are stupid, VCs are smart. Stock brokers and investment bankers are the ones who truly caused every recession and the Great Depression. Oh, sure, poor and dumb people getting mortgages wasn't a very good idea, I totally agree. But it would've been a drop in the bucket compared to tarring and gzipping said mortgages into 30:1-leveraged bundles (laughably underwritten by AIG) created by Wall St. They knew they were unsustainable, but pressed on, some not even taking the "five cumulative minutes" of thought to what they were investing in or how much of not-their-own-money they were putting into it, until it burst. So, you're saying we should still keep all the money in that silo? That we should keep letting "risk modelers" who have exacerbated every speculative bubble since the Great Depression keep investing in Color and Groupon and boo.com and flooz because the masses are too stupid to do it for themselves? Well, okay. But, I disagree.