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Here's the startup equivalent: 1) The creation of Federal Startup 2) Federal Startup's job is to ensure we have a stable, vibrant startup culture 3) Federal S
by va_coder 17y ago
Here's the startup equivalent:
1) The creation of Federal Startup
2) Federal Startup's job is to ensure we have a stable, vibrant startup culture
3) Federal Startup loans money to startups using money it prints
4) Goldman Cloud company, a successful startup, places key people in high levels of government, including Federal Startup
5) Goldman Cloud company takes many risks with the knowledge that Federal Startup will help them if things get very bad
6) Things get bad, loans dry up. Goldman Cloud has a former CEO which now runs Federal Startup. They work together to 'fix' the system.
7) At the end of the day, after the turmoil is over, Goldman Cloud is one of the last startups standing
Personally, I don't blame Goldman Sachs, but I do blame the Federal Reserve and US Treasury. End the Fed.