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White House hires 24 year old to re-open Baghdad's stock exchange

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Alpharetta Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 08:57 AM
Original message
White House hires 24 year old to re-open Baghdad's stock exchange
How strange. What's this kid's name? Was he hired fresh off his success eliminating corruption in U.S. exchanges?

"
But most CPA hiring was done by the White House and Pentagon personnel offices, with posts going to people with connections to the Bush administration or the Republican Party. The job of reorganizing Baghdad's stock exchange, which has not reopened, was given in September to a 24-year-old who had sought a job at the White House. "It was loyalty over experience," a senior CPA official said.
"

http://bellaciao.org/en/article.php3?id_article=1492
(Wash Post article)
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Spinzonner Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:00 AM
Response to Original message
1. But they had faith in him

and it is a Faith-based administration.

They had faith the aftermath to the invasion would be rosey too.

It's necessary to remember that Republican practice is based on cronyism, not competence.
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brainshrub Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:04 AM
Response to Original message
2. Perfect job for a 24 year old.
If he succeeds, the guys gonna have a stellar career. If he fails, it's his own ass.
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Alpharetta Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:08 AM
Response to Reply #2
3. If he fails, he can go back to waiting tables at Bennigan's
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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:43 AM
Response to Reply #3
5. very doubtful
that this fellow is anywhere near working at a service job.

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Karenina Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 05:33 PM
Response to Reply #2
16. Just another
"golden shower" in the faces of the "sand niggers." He CANNOT "succeed" nor is he meant to.
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Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:37 AM
Response to Original message
4. You can put a hack in the market, but you can't make him think.
Good grief! A 24 year old? Maybe they thought "opening the stock market" meant someone to unlock the door every morning. Their insanity knows no depth!
The Bush mantra: I wish, therefore it is.
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Rockholm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 09:58 AM
Response to Original message
6. Is It Billy Bush?
Fresh off his success of hosting the Miss Universe Pageant, Billy Bush could take a leave of absence from Entertainment Tonight (or whatever show he is on) and do the Iraqi Stock Exchange. And to think, I USED to like the Miss Universe Pageant. I turned it OFF as soon as he was announced. Sheez. The * fucks are everywhere!
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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 10:05 AM
Response to Original message
7. This is what they've done all over Iraq. If you don't want things
to go forward, that is a great way to make sure nothing works.
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olddem43 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 10:22 AM
Response to Original message
8. But maybe he has many years of "loyalty"
but more than likely he's just another C- student who can't get a job anywhere else.
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leesa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 10:23 AM
Response to Original message
9. Another Young Brownshirt reaping his, no doubt, richly deserved
reward for who knows what kind of illegal, nefarious deed done for his Masters.
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PfcHammer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 11:04 AM
Response to Original message
10. Discussed at length in the WSJ.
http://online.wsj.com/article/0,,SB107524435490013389,00.html

How a 24-Year-Old Got a Job Rebuilding Iraq's Stock Market

An Accident, Mr. Hallen Says,But He Promises Results;Investors Are Skeptical
By YOCHI J. DREAZEN
Staff Reporter of THE WALL STREET JOURNAL
January 28, 2004

BAGHDAD, Iraq -- At Yale University, Jay Hallen majored in political science, rarely watched financial news stations and didn't follow the stock market.

All of which made the 24-year-old an unlikely pick for the difficult task of rebuilding Iraq's shuttered stock exchange. But Mr. Hallen, a private-sector development officer for the U.S.-led Coalition Provisional Authority, was given the job immediately after arriving in Baghdad in September.

The headquarters of the old Iraqi exchange, where brokers in blue vests scribbled trades on boards, was looted after the war and is now occupied by squatters. Several listed companies no longer exist, and many Iraqi companies' majority shareholders -- Saddam Hussein and his friends and relatives -- are either dead or in prison. A new exchange is supposed to open in temporary quarters next month, but impatient brokers already meet privately in their homes and offices to trade shares.

Mr. Hallen admits that he wound up in Iraq rather by accident. In 2002, he began pursuing a White House job, and though none materialized, he stayed in close contact with the man who interviewed him, Reuben Jeffrey. When Mr. Jeffrey went to Iraq last summer as a senior economic-development adviser, Mr. Hallen e-mailed to ask whether there were any job openings. "Be careful what you wish for," Mr. Jeffrey, who is now an aide to Iraqi administrator Paul Bremer, told him in reply.

A few weeks later, Mr. Hallen got a phone call from a Pentagon personnel officer, who told him he had been given a job in the Coalition Provisional Authority and needed to be in Baghdad in less than a month. "Needless to say, I was in a mild state of shock," he says.

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Timefortruth Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 11:26 AM
Response to Reply #10
11. Is he Bush's lover or love child?


I hate these people. Americans are fighting and dying and shit like this is just spitting on their graves.
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datasuspect Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 11:33 AM
Response to Reply #11
12. what's funny . . .
is that they have solid nepotism ties with the administration and/or the republican establishment.

these kids get "fast tracked" (which means, someone like me or you wouldn't even get to take a piss test for these jobs) through and usually have little or no screening.

looks like iraq is a career playground for the scions of the privileged white, er, i mean right.
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Andy_Stephenson Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 01:32 PM
Response to Reply #11
15. Victor Ashe is Bush's * ;pver
So this kid must be his love child.

Wait...Bush loves noone.
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Alpharetta Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 12:55 PM
Response to Reply #10
13. Where can I bet against him?

It's a curse to only see the future in ways I cannot profit from it.

Where can I find an oddsmaker who will let me bet against this kid?
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merh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-20-04 01:04 PM
Response to Reply #13
14. Vegas probably has a line on this kid already.
Only thing, the odds are against him, so your pay off wouldn't be that great.

Old boy system alive and well in the U.S.of A.

We don't care what you know, we just want you because who your daddy is. How sad for our country!
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King Of Paperboys Donating Member (958 posts) Send PM | Profile | Ignore Sun Jun-20-04 05:37 PM
Response to Reply #10
17. The truth is hidden in the story...
"In 2002, he began pursuing a White House job, and though none materialized, he stayed in close contact with the man who interviewed him, Reuben Jeffrey."

I have five dollars that says that "close contact" included Hallen's lips on Jeffrey's cock.
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