“America should do something,” Mahmoud Karzai
Got to love the Karzai brothers, first they try to stiff the United States at every turn, and they the squeal for help when their own banking institution is on the ropes.
I think we should take them up on the request and confiscate all of their assets as payback for the cost of war and security.
In exchange, we will return them to their own tent.
“Karzai's brother calls for U.S. to shore up Kabul Bank as withdrawals accelerate
By Andrew Higgins and Ernesto Londoño
Thursday, September 2, 2010; 10:57 AM
DUBAI - As depositors thronged branches of Afghanistan's biggest bank, Mahmoud Karzai, the brother of the Afghan president and a major shareholder in beleaguered Kabul Bank called on Thursday for intervention by the United States to head off a financial meltdown.
America should do something," said Karzai in a telephone interview, suggesting that the U.S. Treasury Department guarantee the funds of Kabul Bank's clients, who number about a million and have more than a billion dollars on deposits with the bank.
Kabul Bank handles salary payments for soldiers, police and teachers. It has scores of branches across Afghanistan and holds the accounts of key Afghan government agencies. The collapse of the bank would likely spread panic throughout the country's fledgling financial sector and wipe out nine years of effort by the United States to establish a sound Afghan banking system, seen as essential to the establishment of a functioning economy.”
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Arlington, Virginia, United States