The Dot-Com Craze Has Passed but the Lunacy Continues

The party's over, but the cleanup continues.

Wal-Mart (WMT Quote) and Kmart (KM Quote) are buying out their respective e-tailing investments.

Gateway (GTW Quote) is suing OfficeMax (OMX Quote) because it wants back the $20 million it invested in a dot-com tracking stock OfficeMax never created.

What's clear is that even if the bubble deflated quickly, it's messy dealing with a deflated bubble. Sadly, the same lunatics running the asylum during the upswing -- the fairly maligned entrepreneurial-investment banking-venture capital complex -- continue to dispense the pills. ...