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FWIW i saw on bloomberg yesterday that there is a significant uptick in 'angel' investing, which i assume is investment money planted in projects of intrinsic social worth, not just for the quickest, largest profits.

seems like a Good Thing.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Mar 13th, 2012 at 05:06:29 AM EST
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"Angel investing" refers to very early stage venture capital. It is called so not because of any implied generosity - they fully expect to get paid - but because very early startups have no tangible assets to serve as collateral for the "angel investor."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Mar 13th, 2012 at 10:19:25 AM EST
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What Jake said.  And this is just more evidence that the system has become addicted to abnormally high rates of return.  It has to be a killing, it has to cover the front-end load, and it has to happen now.
by rifek on Tue Mar 13th, 2012 at 02:37:05 PM EST
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