Posted by oldtanker on February 01, 2015 at 09:31:52 from (64.118.3.75):
In Reply to: Financial situation... posted by Bret4207 on February 01, 2015 at 05:41:41:
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Bret actually there were several people yelling that the O8 bubble was coming, heck they even ran news stories on it. Started seeing news stories on that in 01/02. As long as credit was easy no one cared. Most of the people in the Tech fields knew that the .com bubble was going to burst. My #2 son told me it was going to burst about 2 years before it did. But for the unknowing investor it pay high returns and they never looked at assets. They didn't own anything! They leased office space and furniture and rented computers and servers. When they went belly up not only did the stock value go to zero there was nothing to sell off. Investors got 0 return. But investors saw those high returns and got dollar signs in their eyes!
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