LETTERS: Mass recession?

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Business Standard New Delhi
Last Updated : Jan 29 2013 | 2:34 AM IST

US President George Bush invaded Iraq to trace weapons of mass destructions (WMD) developed by Saddam Hussain. Till date, the US army has failed to trace any WMDs in Iraq. Yet, poor Saddam Hussain lost his life.

But US ignored the most lethal WMD bomb ticking silently on its own soil which went on to devour global economies from the US to Japan, without even a single blast — not a single drop of blood was shed but the effects will last for years on end. The sub-prime WMD crisis, was of the US’ own making and its own self destructive greed.

Sudhir K Bhave, via email

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First Published: Oct 30 2008 | 12:00 AM IST

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