8.15.2002

So this began when...?



Paul Roberts reviews the book "Buy, Lie and Sell High", whick attempts to figure out what happened to the stock market, and why all these CEO's just flat out lied.

In his new book," Buy, Lie and Sell High: How Investors Lost Out on Enron and the Internet Bubble," D. Quinn Mills sets out to analyze what happened. A professor of business administration at the Harvard Business School and the author of a number of books on the high-tech industry, Mills argues that the bubble in Internet and technology-related stocks that developed in the U.S. and international stock markets during the late 1990s was evidence, not of the "irrational exuberance" of ordinary investors, but of a complete ethical collapse on the part of major investment banks, brokerage houses and even the Federal Reserve.
The 90's? I thought Bush was the root of all evil in the corporate world?

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