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AMZN 229.12-0.2%3:59 PM EST

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To: Victor Lazlo who wrote (151905)1/23/2003 11:15:48 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
This sure does remind me of the wall street analysts who gave 'strong buy' ratings on stocks of co's that gave their employers huge underwriting deals!

Why the French Poodle Barks

Its first motive is crassly commercial: France has about $1.5 billion in contracts with the current Iraqi government and doesn't want it overthrown for fear that a more democratic regime might take its business elsewhere. Its second motive is essentially wounded national pride. France, a noted poet recently wrote, "used to have the ability to inspire princes and kings" but now "comes the time when no one listens to her anymore and the universe turns without her, except when it judges her with spite or commiseration."

Jonah Goldberg adds that "France has been the chief Western advocate of normalizing relations with Iraq--one of its largest trading partners--for years, partly because France holds billions in IOUs from Iraq that wouldn't be redeemable by a new regime."
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