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The Fed's Mistake Is Not to Realize That if You Have a Lot of Venture Capitalists, These Guys Are Done
Eric Liu: The Fed counts on the positive being done by depositors. He says that if you have a bunch of venture capitalists, these guys are done. And in a rising interest rate environment like the one we had, you know things are going to break. "I think it's too, I'm much more scared now after talking to Eric than I was before," he said.