A mass of government employees, including a number of local police and members of the Afghan Army were savagely beaten today when state police were unleashed on people attempting to withdraw their salaries from the struggling Kabul Bank.
The bank has been struggling with an ongoing bank run for over a week, and despite Afghan government pledges to bail out the well-connected bank large numbers of people sought to withdraw money today, ahead of a four day national holiday for the end of Ramadan.
“It’s Eid, we need money for food, clothes, candy,” insisted one member of the Afghan Air Force. “They said all the bank branches would be open, they lied.” Kabul Bank insists it was ordered to close its branches by the central bank.
Afghan President Hamid Karzai, whose brother is a large stakeholder in the bank, has promised to back the bank with large amounts of Afghan government money, and it is believed that hundreds of millions of dollars may have already been pumped into it. The US has also dispatched a team to help the bank, though they have denied planning to bail them out.
America in the near future.
Hey… I don’t know if you’ve been making changes, but your pages aren’t displaying correctly for me. The margins look all screwed up. I didn’t do this the other day. I don’t know if it’s me or if you’ve made a change… Just thought you might want to look at it. Thanks! Arleen Duberry
"Ok, here the plan, we bust in and fire and lay down suppressing fire immediately. Then blast through the doors with the C4, head straight for the managers office. Find the manager, put a gun to his head and present him with our withdrawal slips."
"Or we could skip the deposit slips and just take all the money, not just our own."
"But we're muslims, muslims can't be thieves!"
"Not unless they own a bank they can't."
"The US has also dispatched a team to help the bank, though they denied planning to bail them out" WTF!!!! I have a better idea/ I think the Afghans should raise John Law from the dead and put him in charge of thier banking system/ If raising John Law from the dead proves to dificult, the USG could always send Allan Greenspan to the Afghans/ Talk about getting revenge for 911!!!!!!!
At http://blog.mises.org/13851/its-a-wonderful-life-… , we read:
“It’s a Wonderful Life” Afghan-style
Government employees in Kabul were beaten by member’s of the Afghanistan’s National Directorate of Security when they lined up at the Kabul Bank to withdraw their salaries.
And the biggest outrage? “This is shameful that these simple police officers are beating up more high-ranking officers,” said Abdul Hanan, a policeman who had come to collect his $450 monthly salary.
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How come something like Afghanistan has a CENTRAL BANK?
FFS, just use real money guys. Like sheep, water bottles. Or cigs.