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Perhaps the most shocking part isn't that these investments were made, but that taxpayer money went into a fund where there were no bylaws or contractual prohib
by downandout 12y ago
Perhaps the most shocking part isn't that these investments were made, but that taxpayer money went into a fund where there were no bylaws or contractual prohibitions on such investments in the first place. Someone with the authority to write multimillion dollar checks using taxpayer money isn't vetting their investments for these kinds of issues, and that is a significant problem.
- antidaily 12y agoA problem, but not the problem. This seems criminal.
- drpgq 12y agoI think one issue is that cities and regions all over the world are desperate to create a startup scene. They'll pony up some money and there will always be some insiders and grifters around to tell them how to spend it.