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So the argument here is that the SEC should lessen investment restrictions so that VC's can pawn off their junk stock to the unsuspecting John Q. Public as soon

So the argument here is that the SEC should lessen investment restrictions so that VC's can pawn off their junk stock to the unsuspecting John Q. Public as soon as they see (and hopefully for them right before) the bubble pops?

zenogais 12y ago
That's what's really going on, it's a great way to make some quick money. But if you were to ask the standard free-market ideology side of it can always be mustered - "we're just trying to get the pesky and inefficient government out of markets so they can 'function better'", despite the efficacy such claims proving incredibly dubious over the last few decades and even more doubtful when empirically tested [1]. [1] http://www.amazon.com/The-Misbehavior-Markets-Financial-Turbulence/dp/0465043577 http://www.amazon.com/The-Misbehavior-Markets-Financial-Turb...