Bi-Polar Bear wrote:spendius wrote:BTW BPB -- how illegal?
illegal? questions of legality in government decisions officially became a moot point in america anyway in 2000AD
When Bill Clinton was President.
Yep, sounds right.
That's the year the Clinton administration wrecked the tech sector of the economy. They sued Microsoft Corp.
When MS came under the govt crosshairs, the tech heavy NASDAQ melted. It precipitously dropped on that very day and for several days. It continued for over a year.
The NASDAQ lost 50% of it's value in just 12 months, going from 5000 to 2500 from Jan 2000 to Jan 2001. (Bush took office in Jan 2001.)
The recession that GWB inherited is largely attributable to this.
If Bush during his term had presided over such a stock market debacle, do you think the press would let it alone?
But how often have you seen this historical event in print?