Please, Mr. Crocodile, Eat Me Last

According to Reuters, the hedge fund and private equity industries are calling for US regulation of venture capital:

WASHINGTON, Oct 6 (Reuters) - U.S. hedge funds and private equity firms told Congress on Tuesday that all advisers to private pools of capital should be subjected to the same level of federal scrutiny, including those managing venture capital funds.

A draft U.S. bill would require advisers of hedge funds and private equity funds to register with the Securities and Exchange Commission, thus forcing more disclosures to regulators and investors.

Hedge funds had my sympathy because they were unfairly scapegoated during the finance meltdown. I've lost a good deal of it after this.