Whooogle?

When people were asked about internet success stories in the nineties (and early noughties), they would talk about random stocks such as  Amazon.com, Yahoo.com, LastMinute.com and Boo.com, the once-adored online seller of clothes.  But when the bubble burst around the start of the new millennium, all that were left of these ‘new economy’ ventures were relics of a time gone-by when anything with a whiff of ‘dotcom’ in the prospectus was worth it’s weight in platinum.

Fast forward to March ‘08, and in the midst of a potentially detrimental recession, the same ‘experts’ at companies such as Citigroup and Merrill Lynch are trumpeting the successes of these absurdly overvalued outfits, as if the streets in downtown Silicon Valley were paved in 24-carat gold.  But what many don’t realise about the rating announcements of some of the biggest megafinancials is th