Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ninenot
The bubble occurred in the runup to Y2K and was largely forced by Arthur Anderson's cash-cow, AndersonConsulting

Andersen Consulting was not the major cause of the bubble. The major cause was a lack of critical thinking on the part of venture capital firms. ("Uh, boss, there's this company working on some Internet thingie, can we spare $700,000,000?" "Sure.")

196 posted on 10/05/2004 3:36:40 PM PDT by Poohbah (If you're not living on the edge, you're taking up too much room.)
[ Post Reply | Private Reply | To 195 | View Replies ]


To: Poohbah

We will disagree (although I used AA as a type, not the whole enchillada of scammers and fraudsters...)

The dotnet bunch simply didn't employ the vast majority of programmer/analysts and/or project managers; the Y2K projects did, until 1/2/2001.

There WAS a substantial minority employed by the dotcom bozos--yes.

We can agree that it was BOTH...


198 posted on 10/05/2004 3:43:44 PM PDT by ninenot (Minister of Membership, TomasTorquemadaGentlemen'sClub)
[ Post Reply | Private Reply | To 196 | View Replies ]

To: Poohbah
("Uh, boss, there's this company working on some Internet thingie, can we spare $700,000,000?" "Sure.")

LOL. At the time, I was thinking I should sell gravel on-line. Gravel.com

212 posted on 10/06/2004 5:51:01 AM PDT by 1rudeboy
[ Post Reply | Private Reply | To 196 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson