PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: rich4eagle who wrote (279339)	7/23/2002 10:37:40 AM
From: DavesM	Read Replies (1) of 769670

Rich, Actually, it was more than just an internet bubble. The bubble included blue chips in general, and in stocks that had anything to do with technology or communication (Trillions of dollars of equity). For example, WorldCom and Deutsche Telekom are more than just "internet companies", one is down almost 90% the other is bankrupt. Anyway, maybe the prosperity of the late 1990's was a little more fabricated than we all thought. nytimes.com "Senior credit officers of Citigroup misrepresented the full nature of a 1999 transaction with Enron in the records of the deal so that the energy company could ignore accounting requirements"

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