Quote:
Originally Posted by Honus
Has that been established as fact? Just because the enterprise failed does not mean that there was corruption or even negligence. Sometimes businesses fail.
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That is absolutely correct. There are zillions of things outside the control of a company that can cause them to fail.
When it comes to Venture Capitol (sp?) it is the duty of the investor to do the research into the company, their industry and their market. This is where the gubment came up short.
I will defend the administration on one count. The press is making a big deal out of Kaiser being at the front of the line for getting his investment back. IF, and this is a big IF, Kaiser indeed put his money in last, then he is at the front of the line for getting his money first from the bankruptcy.
In Venture Investments the last money in, is first to get it out if there is anything to get. That's the way it typically works.