Sunday, September 5, 2010

Kabul Bank Bailout: Perhaps We Have Succeeded At Exporting American Democracy?

Reports have come out of the 300 million dollar shortfall at the Kabul Bank for weeks now. An article in Prison Planet in a thorough discussion of our history bailing out foreign banks quotes a since revised New York Times article as mentioning an "intervention."

Details of the deal, including how much each government would contribute, were still being worked out on Saturday between the Central Bank of Afghanistan and the United States Treasury Department, officials said…Top officials at Kabul Bank and a senior leader at the Central Bank declined to comment publicly on the proposed bailout, which was still being negotiated. However a manager at the Central Bank and a senior American official confirmed what the American official called an “intervention.”

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