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October 31, 2005
Iran: Solving Tehran Stock Exchange's Problems, one Hanging at a Time
Mahmoud Ahmadinejad appears to be a rather hot-tempered individual. But beyond that, one must look at the particular targets of venom, and why they motivate him so. For example, why would he call for "two or three" speculators to be hanged, in order to solve the stock Exchange's problems? Because 'speculation', defined simply as charging interest, is a great crime in Islam. This silly ban on interest, which Mohammad copied from Christianity (Christianity has long abandoned the prohibition), is one of the reasons Islamic countries lag behind the West economically.
Here is the story: Iran's President says "2 or 3 hangings" could end market woes
Tehran, 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.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.
Posted by Ruy Diaz at October 31, 2005 6:34 PM
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