Nasdaq is set to launch tomorrow what its executives are calling one of the most significant developments on Wall Street in decades -- a private stock market for super-wealthy investors... Any private firm can list on Nasdaq's new platform, which is called the Portal Market, and raise money by selling stock to an elite group of shareholders. These companies would remain private and not have to make public their financial statements or submit to federal regulation, such as the Sarbanes-Oxley corporate accountability law.

I'm far from a financial expert but isn't that merely a variation of traditional venture capitalism? I'm under the impression that, apart from the private stock market add on, that's exactly how venture capitalists work in Britain.

it must really suck when you tell people the Right True Way to think and see, yet they persist in having their own opinions.

I confess that my persistent having opinioness is incorrigible. ::hangs head in fake shame and giggles to self::