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Re:90% of the billion dollar unicorn startups are in trouble by michaelt on Thursday January 21, 2016 @10:02AM (#10945608)
Middle America has nothing to do with Silicon Valley in the same way they have nothing to do with collateralized debt obligations and credit default swaps. Most people aren't directly invested in anything complicated - except perhaps at arms-length if their pension fund manager has brought into it.

Despite not being invested in complex derivatives, middle america sure noticed the banking crisis.

Re:90% of the billion dollar unicorn startups are in trouble by AndrewUnmuted on Thursday January 21, 2016 @10:12AM (#10945675)
This is because it was largely the portfolios supporting middle America that got tarnished by the banking crisis. With the exception of a few notable coastal markets, middle America had the most to lose, which is rather sad, because they were already ravaged enough as it is by the steel mills and manufacturing jobs leaving its many once-prosperous towns and cities.