>why would people throw billions of dollars at unqualified children?
Because investors had too much cash and became increasingly desperate to earn a return on it. When they have an abundance of cash, they become wreckless and wasteful with their investing as they chase profits.
same cause of the 2008 recession, too much money chasing risky bets. Once the party gets going, you will be stupid to not join in. Just amke sure you're not the one holding the bag, when the music sotps.
Because investors had too much cash and became increasingly desperate to earn a return on it. When they have an abundance of cash, they become wreckless and wasteful with their investing as they chase profits.