Page 120 - Tech Bubble News Today

Enron, tech bubble, housing bubble and the scorched earth banking that led to the economic disaster. turns out theres a connection between deregulation and regulation as well. ed schultz has more. nobody else is reporting it.

Economy and of innovation in the last -- i dont know -- 25 years or so has been most recently finance, energy, traditional energy i mean, oil and gas and coal, technology through the tech bubble, and health care. dow agr dow agree with that? and whats going to be the driver for the next 15 or 20 years? >> well, health care is always going to be up there, and the biggest part that drives health care is technology. so technology is a subset of all of the things. the conversation that i created, t....

The report claims the, quote, alter-ego was called hudson castle and was used to obscure lehmans financial condition before the company went bankrupt. andrew, what does this mean? >> this is an important story and its an important story because its not just about lehman brothers. its actually about much of wall street. the stories have been dribbling out over the past couple weeks. theres a real issue as to what these banks are reporting at the end of every quarter. meaning are the numbers accur...

>> its the bubble. i say its the next bubble. the energy sector. the president was just talking about it last hour. >> right. >> the green economy. >> uh-huh. >> and energy jobs. >> uh-huh. >> at least has the potential, doesnt it tosh extend beyond, the real estate bubble, however long the tech bubble lasted? >> absolutely. and youre right about that. it is a long-run cure, but not a short-run solution. >> yes. >> so, it takes time to commercialize all the kind of technologies we have in the gr...

Fed, states start to shut down, start issuing ious. in each case, the progressive state, counted on the high earners revenue and the big bonuses. like here in new york. when those things didnt come through, big double. here is the good news for new york. new yorks foreclosure rate happened to be really low. why? its almost -- its damn near impossible to actually buy property in new york. and so, new york, wasnt nearly as high on the pew center list as youd expect. theyre still in huge trouble. a...

So -- >> salaried employees cant but -- >> my point is, what are people doing to get around this? >> they start changing their behavior. they take stock options early as we saw michael eisner do before the clinton tax hikes, he cashed out $200 million much stocks option the year before an zero the year after. or we see people change their behavior and start planning. they turn stocks into tax-free municipal bonds to live off that. we see the impact on entrepreneurship. the tax hike lowered it 20...

>> reporter: fortune reports that some rival firms, weathered the bursting of the tech bubble much better with ibm posting more sales growth averages and shedding less in stock value. like-wise, dell shaw its shares rise by double digits during fiorinas tenure at hp and shares of lexmark soared by nearly 30%. >> would you have done anything differently? >> not really. thats not to say that i was perfect. im not. we all make mistakes. but the big things i got right. the big things about the fact ...

>> its just the start. >> well to answer your question i mean if it will have a short-term gain on amazon and i want to sell it im going to set it. >> why should the government create disinsensitives to sell tech stocks in february 1999 less than two years before the tech bubble burst? >> that makes no sense. >> her policy proposal is saying youre welcome to do whatever you like but -- >> but the government -- >> by the way, its ridiculous to say dont use a hair trigger temper. you have to hold ...

Explain it to me. its not funny. >> greg: theyre not really lobsters. metaphor. >> juan: theyre boiling in hell. >> dana: i want to ask eric something, to compare it to economics. irrational bubbles like when you get the tech bubble or housing bubble, everyone thinks the prices are always going to go up. so you get the bubbles. then they burst. all of a sudden you look back and think wait, why did i ever think it was true? is this like obama media bubble is bursting? >> eric: i dont think that t...

Explain it to me. its not funny. >> greg: theyre not really lobsters. metaphor. >> juan: theyre boiling in hell. >> dana: i want to ask eric something, to compare it to economics. irrational bubbles like when you get the tech bubble or housing bubble, everyone thinks the prices are always going to go up. so you get the bubbles. then they burst. all of a sudden you look back and think wait, why did i ever think it was true? is this like obama media bubble is bursting? >> eric: i dont think that t...