Major investment bank issues warning on strike against Iran

[kpete]

Major investment bank issues warning on strike against Iran

Michael Roston
Published: Monday January 15, 2007


Bank sees February or March timeline if Israel strikes

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.

ING's Robertson admitted that an attack on Iran was "high impact, if low probability," but explained some of the reasons why a strike might go forward. The Jan. 9 dispatch, describes Israel as "not prepared to accept the same doctrine of ‘mutually assured destruction’ that kept the peace during the Cold War. Israel is adamant that this is not an option for such a geographically small country....So if Israel is convinced Iran is aiming to develop a nuclear weapon, it must presumably act at some point."

more at:
http://www.rawstory.com/news/2007/Major_investment_bank_issues_warning_on_0115.html

[formercia]

1. Iran would pay them back in spades

it would take a while but Israel would be assuring their own destruction down the road.

[itsmesgd]

2. what was the advice given to Woodward and Bernstein?

Follow the money. This appears to be a warning to anyone who has money in volatile areas of the market.
Watch the money, the mover and shakers, and the markets.

[Palladin]

3. The only institutions with the clout to neuter Bush and

the neocons: Big Business & Big Oil; and the land military itself.