Tuesday, January 16, 2007

Major investment bank issues warning on strike against Iran


Duh.

The Raw Story Major investment bank issues warning on strike against Iran:

Warning that investors might be 'in for a shock,' a major investment bank has told the financial community that a preemptive strike by Israel with American backing could hit Iran's nuclear program, RAW STORY has learned.

The banking division of ING Group released a memo on Jan. 9 entitled 'Attacking Iran: The market impact of a surprise Israeli strike on its nuclear facilities.'

ING is a global financial services company of Dutch origin that includes banking, insurance, and other divisions. The report was authored by Charles Robertson, the Chief Economist for Emerging Europe, Middle East, and Africa. He also authored an update in ING's daily update, Prophet, that further underscored the bank's perception of the risks of an attack.

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