Monday, 5 October 2009

It's just a jump to the Left

There's an enjoyable lefty critique of financial reform here (PDF). There are some great bits of invective in there:

By the mid 2000s venture capital survived not as a practice but as a rhetorical label which had been appropriated by the BVCA trade association which was defending leveraged private equity.


This is very different from the City of London’s version of “ethical investment” which means more fastidiousness about the coupons which your fund manager buys.

So mean, and so true.

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