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Stephen Pagliuca on Free Trade |
We move on to the Wall Street crash and subsequent bailouts, and Pagliuca suddenly asks, "Who do you think the largest venture capitalist in the world is?" I don't know, and he has his answer ready. "The U.S. government," he says.
Well, that's a different kind of venture capitalist. But Wall Street is continuing with high-stakes gambles not backed up with enough capital, Pagliuca says. "That's why I need to go to Washington because I understand how to get our money back, and understand the trade-offs involved."