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/ 5 December 2003
Wall Street’s bad boys were hit with the biggest fines in the history of the securities markets last week — but there are few signs that the industry will change its ways. The 10 largest brokerage firms were hit with ,4-billion in fines and restitution, and two high-flying analysts crashed to earth.
Eager United States companies are queuing up for a piece of what could be billions of dollars of work in rebuilding Iraq. Questions remain about the United Nations’s role after the war; how Iraq’s oil income will be used; and whether countries other than the US will help finance reconstruction.