Re:Why I'm Furious with Silicon Valley (2011)
by sjtgraham on Wednesday May 08, 2013 @10:58PM
(#5678528)
I think your language indicates some bias here. To play Devil's advocate for a moment, the bankers that manipulated LIBOR did so for quite some time without being caught. Those whom submitted the rates they thought their bank could borrow from other banks at wielded incredible power, magnitudes more than any VC, i.e. contracts worth $300 TRILLION were influenced by LIBOR. It was shown that these bankers acted, most would agree completely immorally, without conscience, artificially influencing the rates to suit their own trader's positions.
Re:Why I'm Furious with Silicon Valley (2011)
by jamesaguilar on Thursday May 09, 2013 @12:53AM
(#5678907)
He's biased because he doesn't buy into the conspiracy theory without some evidence? Hmm.
Re:Why I'm Furious with Silicon Valley (2011)
by enraged_camel on Thursday May 09, 2013 @01:21AM
(#5678965)
No, he's biased because, by his own admission, he's basing his opinions on anecdotal evidence, i.e. those VCs he has met are very ethical people. Whereas we have a ton more data points to prove that power = corruption. Considering the amount of power VCs yield in Silicon Valley, it's pretty much a given that they break the law and get away with it.
Re:Why I'm Furious with Silicon Valley (2011)
by calhoun137 on Thursday May 09, 2013 @01:15AM
(#5678950)
Take a look at this amazing book by Glenn Greenwald, it has an overwhelming amount of evidence, examples, and very well thought out arguments:
"morally conscious people.."?
What? A banker? Morally conscious? You believe that I got a bridge to sell you.
Do you have a shred of evidence to support any of these accusations? Not that I think the VC industry is devoid of problems, but in my experience it is neither rigged nor corrupt, and the people with the most power actually tend to be the most morally conscious people I've ever met.