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Post Coup
Erdogan Goes After… the Stock Analysts?

Turkey’s President Recep Tayyip Erdogan just keeps on purgin’. First it was the military, then it was the universities, then it was the media. Now he’s turned his attention to financial analysts:

Mert Ulker, head of research at Ak Investment, the brokerage arm of Turkey’s second-biggest bank, was stripped of his licence by the Capital Markets Board over a research report he issued to investors after the July 15 putsch.

Mr Ulker’s report featured the standard predictions for the lira, the stock exchange and other economic indicators. It also offered his analysis of the coup’s potential political impact and theories behind the perpetrators.

In punishing Mr Ulker, who could not be reached for comment, the board said the analyst had not fulfilled his responsibilities and cited laws against insulting the institution of the presidency.

Here we see a very important lesson in statesmanship: if you lock up the stock traders who badmouth your stocks, investors will surely reward you by making the stock market go up. This, at least, appears to be the views of Turkey’s hard-purging, hard-charging “democratic Islamist” president…

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  • Blackbeard

    Turkey is moving, right before our eyes, from a flawed but essentially democratic secular state to an out and out Islamist dictatorship with Erdogan as president-for-life. We shouldn’t exaggerate our influence in that part of the world but it would also be a mistake to think we have no influence at all. And how has Obama deployed that influence as this tragic story unfolds? Uselessly.

    Once again, truly a transformational president.

    • Josephbleau

      And per NATO regs we are obligated to defend the dictator to the last American soldier’s life.

      • CaliforniaStark

        In addressing the issue of Finland joining NATO in a recent visit to Finland, Putin made the following statement: “NATO would gladly fight Russia to the last Finnish soldier.” The comment was widely reported in the Finnish press, and had a huge impact. Putin would be a great chess player; while Obama would focus on gender equality among the pieces.

        • Blackbeard


  • Tom

    In the meantime, AfD and the FN are being validated.

  • FriendlyGoat

    If we don’t think it was a good idea for Turkey to elect this kind of reactionary, perhaps we ought to notice that we’re running exactly this kind of personality here at the top of the Republican ticket.

    • CaliforniaStark

      Any thoughts about the kind of personality at the top of the Democratic ticket?

      • FriendlyGoat

        Yes, she’s fine. Though Obama, in my view, is a better communicator.

        • CaliforniaStark

          Maybe so, but there was that little issue in which 56% of the American people disagreed with the FBI for not indicting her.

          • FriendlyGoat

            There also may end up being a little issue that about the same percentage of people do not wish to see Donald Trump elected.

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