Hamre's Hypocrisy On `Irrational Exuberance'

Picking up where Alan Greenspan left off, Deputy Defense Secretary John J. Hamre has delivered his own ``irrational exuberance'' lecture to Wall Street. The Pentagon's No. 2 took aim last week at what he called the stock market's shortsighted ``pummeling'' of venerable U.S. defense companies, to the...

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