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To: elmatador who wrote (33913)	5/19/2003 3:09:13 AM
From: Raymond Duray	Respond to of 74559

Re: €100 Billion taken from mobile operators and transferred to the governments' cofers via auction of spectrum. Nonsense. To call the government for theft here is ludicrous, Ossy. I was fully paying attention to this entire absurd episode. This was a wonderful example of groupthink, hysteria, delusion, turf-battling and dementia. But it wasn't the governments that offered the insane licensing fees, nor did they have a hand in what DT, FT, Orange, Hutchison-Whampoa and the rest of the supremely hubrisitic 'free market' 3G cowboys did to destroy themselves. That required the talents of Wall Street and the "City" to fully create madness.