Fraudulent Financiers Caused The Dot Com Crash
from the who-to-blame,-yet-again dept
We’re always looking for people to blame. The popular thing these days it blame the whole dot com collapse thing on the financiers. Though, the speaker here goes particularly far in saying that it was a pyramid scheme, and thus a full fledged fraud. While you certainly won’t find me shying away from trashing many venture capitalists and investment bankers for the way they acted over the past few years, I have trouble believing they were performing an outright fraud on everyone. They simply got caught up in their own hype. I also find it amusing that the speaker suggests that we’ve now “learned our lesson” and this sort of thing won’t happen again. History is pretty clear. This sort of thing happens often enough.