Now, we hear about the reasons for the implosion of LTCM, and about Saddam’s depravity. It would have been good to have that sort of information prior to taking action, prior to bailouts and bombing runs.
But most of life is composed of actions taken with insufficient information, actions taken on a hunch or a whim or an estimate. Risk and risk management rear their ugly heads again and again. Will I be pretty, will I be rich? Does she like me or is she merely tolerating my presence? Will I be loved again, like the Cowboy Junkies song says I will? Oh, we’d all like to know a lot of things. Maybe some of them will be revealed. Maybe not.
Secretly Ironic 
Oops, there it goes again. Another example of refering (indirectly) to Saddam’s evil, his depravity, his lack of goodness, as the motive for war. You’ve been sucked in. Sure, his moral state became part of the buzz (we like to fight villains, after all), but it was illicit weapons that were the argument for war. The White House and just about everybody else is now focusing on how nasty Saddam was to his people, but that was not even the White House excuse for war prior to the fact.
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