Wall Street Mess, It's Just Like the Tech Collapse, Journal's Alan M ...

Published 14 months ago

http://www.beet.tv/2008/09/wall-street-mes.html Greed and the expectation of the level of high returns enjoyed during the stock market boom of the late nineties has powered the excess in the credit markets which have lead to the current financial... more

http://www.beet.tv/2008/09/wall-street-mes.html Greed and the expectation of the level of high returns enjoyed during the stock market boom of the late nineties has powered the excess in the credit markets which have lead to the current financial crisis, says Alan Murray, Deputy Managing Editor of the Wall Street Journal. The pain is just being felt and will likely impact hedge private equity and the broader economy, he told me in this interview done on Thursday at the Journal. Like the tech bubble, if you got out before the collapse, you're are in good shape, if not "it's gonna hurt," he says. For more about the connection between the current crisis and the tech bubble of the late nineties, check out our interview with John H. Vogel Jr, professor at the Tuck School of Business at Dartmouth. For more about the role of technology investment bankers and the collapse of the credit markets, ... less

Tags: the wall street journal alan murray credit crisis housing tech bubble