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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (39857)	8/25/2002 6:41:07 PM
From: jcky	Read Replies (1) \| Respond to of 281500

One of the major arguments being made in Europe to our plans to attack Iraq is that it could destabilize the entire region and that it's impossible to predict what might happen. The American reaction to that has been, more or less, "And your point is?" Yes, let's see what the point is. As I recall, during the height of the Nasdaq bubble critics pointed to the irrationality, unsustainability, and giddiness of the market sentiment. Critics also pointed to the conflict of interest between sell-side analysts and their investment tie to the underwriting department of their companies. There were plenty of warning suggesting accounting practices were loosely regulated or scrutinized and that the public might have been mislead about the financial health of their investments. Now, there is blood on the street and everyone wants to blame (and litigate against) someone. It's best to take a good hard look in the mirror because the warnings were there. This is the lesson to the American public on a possible invasion of Iraq: the warnings were there.