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September 29, 2009

Additional Iran sanctions? Toothless

Just the opposite of a MasterCard moment, the Obama Administration’s proposed additional sanctions against Iran are anything but priceless. Travel bans? Financial freezes? Ways around them.

The energy issues? If it’s about gasoline refining, Iran is working to build additional domestic refining capacity as we speak, and if it gets pinched for time, Russia will probably help out.

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