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My guess is that Obama just got finished with a terrible fight with the speculators involved with GM. He probably isn't thinking of the relatively small money t

My guess is that Obama just got finished with a terrible fight with the speculators involved with GM. He probably isn't thinking of the relatively small money tech VC system, he means them. This is borne out by the first quote: "the plan requires hedge funds - “and other private pools of capital, including private equity funds and venture capital funds” - to register with the Securities and Exchange Commission (page 38)." Requiring these speculators to come under regulation is more a response to their recent involvement with the worldwide financial meltdown and continued opportunistic obstructionism at attempts to solve it. Still, though, it'd be good to be careful with real VC funds involved in real investment, and not accidentally suck them up unintentionally. (See SOX and the IPO situation for a good example of how unintended consequences of this kind of regulation aimed at the big guys can accidentally sweep up the unfortunate.)

anamax 17y ago
> Requiring these speculators to come under regulation is more a response to their recent involvement with the worldwide financial meltdown Umm, they did significantly better than their more regulated bretheren, the various kinds of banks, insurance companies, and the GSEs. I note that some of the "reforms" are supposedly aimed at investors who didn't know what they were buying. The most prominent were Fannie Mae and Freddie Mac.... When Obama goes after Fannie and Freddie, we'll know that he cares about finances. His current behavior, "reward friends and punish enemies", shows that he doesn't.
yummyfajitas 17y ago
Opportunistic obstructionism? Let me get this straight. Certain players in private equity attempted to rely on the rule of law; in particular, existing bankruptcy/debt seniority rules. Now the government is going to impose new regulations on that entire industry (and related industries) in retaliation?

anamax 17y ago

> Requiring these speculators to come under regulation is more a response to their recent involvement with the worldwide financial meltdown Umm, they did significantly better than their more regulated bretheren, the various kinds of banks, insurance companies, and the GSEs. I note that some of the "reforms" are supposedly aimed at investors who didn't know what they were buying. The most prominent were Fannie Mae and Freddie Mac.... When Obama goes after Fannie and Freddie, we'll know that he cares about finances. His current behavior, "reward friends and punish enemies", shows that he doesn't.

yummyfajitas 17y ago

Opportunistic obstructionism? Let me get this straight. Certain players in private equity attempted to rely on the rule of law; in particular, existing bankruptcy/debt seniority rules. Now the government is going to impose new regulations on that entire industry (and related industries) in retaliation?