4-15-2014 Newshound Guru Enorrste

4-15-2014   Newshound Guru Enorrste     Unless and until the high-level corruption is rooted out of the system, it is not clear that significant progress will be made for our investment. I don’t hold out a lot of hope for any lasting change in this situation, regardless of who is Prime Minister. Having said that, I am not intending to put everyone on a “total downer.” While we see all of the benefits for ourselves and for Iraq in the initiation of a free float, those who are benefiting from corruption that is rampant and pervasive in Iraq fail to see those benefits. This means that they have little or no incentive to move toward significant change (namely the float).   [post 2 of 3....stay tuned]