The $900 Million Headline Versus Our Afghan Policy Backing a Vertically Integrated Criminal Enterprise

By: Monday January 31, 2011 3:30 pm

The New York Times has one of the most stunning headlines of the day: Losses at Afghan Bank Could Be $900 Million. The story tells a story of Afghanistan’s own “Too Big to Fail” problem that offers opaque descriptions of precisely what caused the problem, but waits until the 17th and 18th paragraph to explain the real problem with the bank. The fact that our government is discovering, but not revealing, the degree to which we have been backing “a vertically integrated criminal enterprise” is the real story.

 

Kabul Bank Mess Shows Error of Trusting Corrupt Officials in Afghanistan

By: Monday September 6, 2010 12:45 pm

So far, the US has not committed taxpayer funds to save the bank, only providing “technical assistance” to the Afghan government. Did they put together this deal, then?

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