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  • Wall Street Mess, It's Just LIke the Tech Collapse, Journal's Alan Murray

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Wall Street Mess, It's Just LIke the Tech Collapse, Journal's Alan Murray

Wall Street Mess, It's Just LIke the Tech Collapse, Journal's Alan Murray

Greed and the expectation of the level high of 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 in this interview I did on Thursday at the Journal's offices. Like the tech bubble, if got out before the collapse, your are in good shape, if not "it's gonna hurt." 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. -- Andy Plesser, Executive Producer

Blip | September 21, 2008Watch more videos from Blip

Tags:. .markets. .late. .during. .producer. .between

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