< Back
Page 4 of 4
This chapter is from the book
Talking Points
There were several players other than venture firms, investment banks and mutual funds that contributed to the bubble. Accountants permitted Internet firms to engage in creative accounting that inflated sales. The media hyped the bubble almost without reservation. The Fed not only did almost nothing to prevent the bubbleother than a timely warning by Fed Chairman Alan Greenspan, which was not followed by actionbut provided the credit which made it possible.
< Back
Page 4 of 4