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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (71484)10/9/2006 9:38:53 PM
From: Yulya  Read Replies (1) of 110194
 
"President Clinton eventually concluded a complicated and multipart agreement in which the North Koreans would suspend their production of plutonium in exchange for fuel oil, help building light water nuclear reactors (the kind that don't help making bombs) and a vague promise of diplomatic normalization."

Perhaps you can enlighten us and explain why the Clinton policy failed. A 1999 congressional analysis found that the North Koreans began breaking their word almost immediately - and by the late 1990s had resumed the production of nuclear weapons.

In 2004, Clinton Secretary of State Madeleine Albright explained that she and her colleagues had been tricked by Kim Jong Il.

"What they were doing, as it turns out, they were cheating," Albright admitted to NBC's "Meet the Press."
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