Monday, October 31, 2005

More bright ideas from Iran's president

This guy's becoming a parody of himself. By way of background, the Iranian stock exchange has apparently shed 20% in the past four months (he was elected in the beginning of August).

Oct 8:

The downturn has been attributed to uncertainty over the future based on the nuclear question, as well as to President Mahmud Ahmadinejad's seemingly negative attitude toward the stock market.
Oct 23:
As indices remained fragile, Central Bank of Iran (CBI) governor said he is hopeful that the stock market situation will return to normal, stressing that the capital market will undergo certain changes.

Oct 30:

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.... 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.
Yeah, that should do it....

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