| Submit your comments on this article |
| Syria-Lebanon-Iran |
| Alan Greenspan Probably Wanted To Do That, Too |
| 2005-10-31 |
| Iran’s hard-line President Mahmoud Ahmadinejad told the latest cabinet meeting in the Iranian capital that "if we were permitted to hang two or three persons, the problems with the stock exchange would be solved for ever", according to a Tehran-based newspaper. Ahmadinejad was addressing a cabinet meeting held to discuss the rapidly deteriorating situation at the Tehran Stock Exchange, the daily Ruznet reported on Sunday. Ministers and experts disagreed with all the different views and proposals raised at the meeting, which came to an end without any concrete results. Tempers flew high and participants shouted at each other during the discussion, according to the daily. Frustrated with the inability of his economic advisers and experts to come up with any solution, Ahmadinejad told them that the only way out of the current stock exchange and financial market problems was to "frighten" speculators by hanging two or three of them. Iran’s ultra-Islamist President first sent jitters through the country’s markets when he said on the eve of the presidential elections in June that "stock exchange activities are a kind of gambling and we are against them". Gambling is banned in Islam. Nervous investors have been transferring their capital to other countries, and Dubai has benefited palpably from the flight of capital from Iran. The Tehran Stock Exchange has lost 20 percent of its value in the past four months. "At the moment there are no buyers in this market, only sellers", the newspaper Ruznet wrote. "Economists believe the situation is becoming more difficult to handle day by day". Incendiary statements by Mahmoud Ahmadinejad and other top Iranian officials have contributed to the creation of an atmosphere of uncertainty and instability in the country’s financial markets, according to analysts. |
| Posted by:Anonymoose |
| #3 true, Frank. The faster they act the easier it will be in the long run. Ah-am-mad's gotta know that just because he is paranoid doesn't mean that they aren't out to get him and will start purging now. |
| Posted by: 2b 2005-10-31 23:32 |
| #2 pass the popcorn? Surely the CIA (in all its' incompetence) can find a tipping point here. Cause disarray, in the confusion take out the nuke prep sites and stand back and say "it was an internal thing" |
| Posted by: Frank G 2005-10-31 22:04 |
| #1 The Tehran Stock Exchange has lost 20 percent of its value in the past four months Wow! yeah, hanging speculators.... that calmed the jitters. This guy is as mad as a mad hatter. Purges will be coming soon as I'm sure many in powerful positions in Tehran can see he's stark raving mad and are thinking of off-ing him while they still can. No dobut Ahmadinejad is already paranoid about it and we'll either see him off-ed or he'll start the off-ing in 5,4,3,2.. |
| Posted by: 2b 2005-10-31 21:43 |