The U.S. House of Representatives recently passed a bill to close the carried interest "loophole" for private equity investors. This bill will likely do permanent structural damage to the U.S. venture capital industry.
One of George Bush's most memorable lines was his complaint that the French had no word for "entrepreneur". Well, if Senator Dodd's new financial reform bill becomes law, we may well have the word, but no longer any need for it.
Angel investors are often wealthy individuals that invest under $1 million in promising, new companies. They lend to companies that are too risky for traditional business loans from conservative banking institutions.
The securities and insurance industries divert attention from basic principles of finance and investing by offering a dizzying array of products intended to confuse, seduce and separate investors from their money.