Re: "The first being that it's their money to waste" - are you sure?
"What I do not like are investor that borrows money, or lure banks and the like to back their very risky and often absurd investments"
I find even more troubling the extent to which Too Big To Fail (and even previously bailed out banks) are busy with their own private equity arms, which are simply using bail out money, central bank QE, and public guarantees to underwrite their own direct gambling in the private equity space, in much the same way that these same banks engage in proprietary trading that privatises the gains whilst socialising any major losses.
Of course, if the investments in Uber, European property, or tulips goes bad, then the Fed, BoE or ECB will take the now worthless "collateral" and hand out a big wadge of fresh cash to the idiots to waste on something new.
Biting the hand that feeds IT
