We have seen this on repeat.
Suddenly, VCs were the darlings everywhere. You could not challenge their questioning or decision making. You also became numb to the surprise you held before when they eviscerated companies the minute they bought them.
And now many of these very same people are heavily involved.
I truly hope there is a way to keep depositors out of harm's way.
This is why government regulations and oversight are needed.
We need strong leaders who do not sell out to these people for their own prurient Interests.
This is going to be a week for the book.