The debate may appear abstract, with little bearing on the hard-boiled world of finance, but it is attracting interest from economists and lawyers.
Venture capital investors are valuing fintech companies at astronomical levels, but the market slump could be a catalyst for lower valuations.
“Most people who raise money in Democratic politics are going to coalesce around Biden if they haven’t already,” Nides said Monday.
"There is no logical argument for spending all your cash, given that we have no idea how negative future events will be."