economic myopia

From a well-known tech journalist’s Twitter feed:

US$30 Billion for JP Morgan to buy Bear Stearns for 7¢ on the dollar but not a penny more for people losing their homes in foreclosure. Nice

And where do you think the venture capital that built the tech industry that provided jobs for you and all your bay area neighbors came from, exactly? But go ahead, sit in the economic triage unit and whine about the guy who blew his own fiscal head off not getting any attention.

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