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Withdrawals Continue at Afghanistan's Largest Bank
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Joined: Tue Sep 15, 2009 6:09 pm
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Location: Northern Ontario
 Withdrawals Continue at Afghanistan's Largest Bank
KABUL—Afghans continued pulling money from their country's largest bank Saturday as Afghan central bank officials, aided by American experts, explored ways to stabilize the ailing lender with deep ties to President Hamid Karzai's administration, weighing the possibility of an Afghan-financed bailout.

Averting the failure of Kabul Bank has become a top priority for U.S. and Afghan officials, who fear the possible political and economic crisis that could result. Even with the bank still solvent, U.S. officials are concerned that its woes, brought on by allegations of corruption and insider dealing, are going to further setback faltering Western efforts to restore confidence in President Karzai's administration, a pillar of the allied strategy for beating back the Taliban.

Hours after dozens of branches of Kabul Bank closed following the first business day since the Islamic weekend, there was no word from Afghanistan's central bank or the lender's management on how much money had been withdrawn Saturday.

http://online.wsj.com/article/SB1000142 ... TWhatsNews

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In loving memory of my son Chris April 12 1985-June 19 2007


I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner.


Mon Sep 06, 2010 8:25 am
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Post Re: Withdrawals Continue at Afghanistan's Largest Bank
Sounds to me like Goldman Sachs, and the Fed have been holding classes worldwide on how to reap profit, with the fiat currency ponzi schemes. It shouldn't take Ben long to put in new plates and print off a shipload of Afghan currency. Problem solved. And just what is the "hard currency" reserve that Karzi was talking about?

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I know not, with what weapons WWIII will be fought, but WWIV will be fought with sticks, and stones. (Einstein)


Mon Sep 06, 2010 8:39 am
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Joined: Wed Sep 16, 2009 10:36 am
Posts: 1278
Location: Deep East Texas
Post Re: Withdrawals Continue at Afghanistan's Largest Bank
wireless wrote:
...And just what is the "hard currency" reserve that Karzi was talking about?


Opium bricks?


Mon Sep 06, 2010 11:30 am
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Location: Northern Ontario
Post Re: Withdrawals Continue at Afghanistan's Largest Bank
Jonas Parker wrote:
wireless wrote:
...And just what is the "hard currency" reserve that Karzi was talking about?


Opium bricks?




fff fff fff

_________________
In loving memory of my son Chris April 12 1985-June 19 2007


I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner.


Mon Sep 06, 2010 1:11 pm
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