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GRASSO APPOINTED TO HEAD NEW IRAQ SECURITIES EXCHANGE
 President Sites Ability To "Grab All You Can With Gusto"
 The Big Apple, NY - (GNS)
- The former head of the New York Securities Exchange (NYSE) Richard Grasso, driven from his job because of what many said was an excessive salary, was appointed by President Bush to chair the newly formed Iraq Securities Exchange (ISE).
     Grasso, whose salary with bonuses exceeded $150 million will assume the new position immediately at a salary of $8.7 million a year, one-tenth of what the administration is requesting from Congress to continue the Iraqi Makeover Campaign.
     While making the appointment, Bush sited Grasso's abilities.
     "He is first and foremost a capitalist, driven by greed. He will grab all he can with gusto and that's what we need to teach the Iraqi people about the world of investment as they step off on their journey toward freedom and democracy," Bush said.
     Grasso, who had expressed no remorse or guilt over his hefty salary at NYSE, said he is prepared "to do what needs to be done."
     "I have the eyes of a fanatic. Iraqis relate to that," he said.
     Critics of the appointment have muttered "What?" and "It figures", but have been cautioned by Rumsfeld, Cheney and Ashcroft to mute their criticism "until the war on terror is over."