3 ms·
> If you aren't an investor or otherwise involved in one of the company's with a "bullshit fantasy" valuation, how does the "bullshit fantasy" valuation hurt yo
by foljs 16y ago
> If you aren't an investor or otherwise involved in one of the company's with a "bullshit fantasy" valuation, how does the "bullshit fantasy" valuation hurt you at all?
Gee, I don't know. Maybe it has something to do with the government giving away 700 billion dollars to financial companies burned by rampant bullshit fantasy valuations...
- brown9-2 16y agoI should have phrased my question as limited to valuations of tech/software companies only, since that seems to be what we are discussing here.
- foljs 16y ago> I should have phrased my question as limited to valuations of tech/software companies only, since that seems to be what we are discussing here. OK, then. When the web 1.0 bubble burst in 1999, a whole lot of people lost their money. Bullshit valuations make the stock exchange a snake-oil market.
- bhousel 16y agoTARP money wasn't "given away", it was loaned. The banks have paid back all that money and the US treasury made a profit. The auto industry has also paid back their portion, but the government still holds some stock in the companies, so people can debate whether that portion of it is really "paid back". http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program and http://www.financialstability.gov/latest/tg_10082010.html http://www.financialstability.gov/latest/tg_10082010.html