Remember how the “democratization of finance” stopped short of gaining you access to the top private-equity, venture capital, and hedge funds? Remember how annoying it was to get shut out of those huge private-equity funds because you didn’t know the right people and/or couldn’t come up with the $10 million minimum? (Or, worse, because you weren’t valuable enough to have as a client?)
Well, no more!
Now, private-equity investing has come to everyone–like it or not. The Treasury is mulling changes to the TARP program that will formally convert it into the world’s biggest private-equity firm. And where is the Treasury’s money coming from? That’s right: us.
Here’s hoping Neel Kashkari can post some Blackstone-like returns.
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