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C'est magnifique.

After nine years of work, $330 Billion in treasure, and nearly 1,300 American fatalities, bankers might ultimately do to Afghanistan what the Taliban could never accomplish......

Something in the neighborhood of $200 to $300 million in deposits have been withdrawn in just a couple days, about half of all the bank's assets. If the stampede continues for just a few more days the bank will fail.

 So why is this important? Because the Kabul Bank is what the government uses to pay its teachers, police, and soldiers.

Please go recommend this at Big Orange.  It's an important story, and it's slipping down the recent diaries column.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sat Sep 4th, 2010 at 02:02:05 PM EST
One thing I find disturbing is the timing. This comes at the time Karzai's attempts to gain credibility at home by speaking out about collateral damage in the actions of his sponsors became too much for Robert Gates et al, and they are hitting back at their past-the-due-date puppet by blasting him for corruption.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sat Sep 4th, 2010 at 03:18:32 PM EST
[ Parent ]
Thinking about that, I'm not sure which is more disturbing.

That Karzai and gang are really deeply corrupt, and have managed to plunge their own country into crisis.

Or, the DoD was aware of this, has been facilitating it, and has now decided to use it because Karzai went off the reservation.

There are no heroes here.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sat Sep 4th, 2010 at 05:18:46 PM EST
[ Parent ]
Well, Karzai being the puppet, I wouldn't characterise anything his group did as plunge their own country into crisis. Their country was in deep crisis before them, and other, more powerful actors did everything to keep it in crisis while Karzau & co were on the table; crashing a bank, even if it breaks their skeleton of a state apparatus, pales in comparison.

But there are no heroes here indeed.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Sat Sep 4th, 2010 at 07:18:55 PM EST
[ Parent ]

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