[Marc Spilkintin]

Despite huge losses, the White House is again betting billions of taxpayer dollars on venture capital deals. Do the same thing, expect different results.
Boring.

3 page article.

Here is the interesting part right up front.
Jonathan Leitersdorf is a wheeler-dealer with Israeli and British passports—and a reputation in New York for living large. He once reportedly spent $30 million building a 177-foot yacht and used to own an 11,000-square-foot Manhattan party loft, which had a memorable cameo in Sex and the City. Jerry Seinfeld got married there, and Chelsea Clinton used it for a birthday bash before Leitersdorf sold it to billionaire Ronald Burkle. But when Leitersdorf needed cash to start a venture capital firm, he turned to a much more pedestrian set of partners for backing: U.S. taxpayers. http://www.forbes.com/sites/nathanva...vestment-fund/
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http://www.forbes.com/sites/nathanvardi/2012/07/17/barack-obamas-2-billion-investment-fund/