Afghan Bank Run

Look's like the US reports it's lost some cash, and replaced a few executives, and the people respond with, "ok, where's my money"?

Let's hope that never happens here...... right????



www.nytimes.com...


www.bloomberg.com...

[edit on 2-9-2010 by freetree64]

At this point I do not think it would take much for a run on US banks to be triggered.

If a mere 10% of the people with money in the bank started a run, would cause a chain reaction across the board.

From the article tho, we have enough problems with our financial system, and IMO, to go and help another banking system in another country does nothing more then exacerbate our own problems.

Anyone who has a little time to research the information, we quickly realize
that billions of dollars have been misappropriated in Afghanistan. Many of
the contractors, particularly foreign contractors have no oversight and will
not provide information to any investigative body interested in following the money trail. From one perspective viewpoint, it could be considered a free for all. Check out who is buying property in Dubai. Fine luxury condos there.

This is Billions of U.S. Taxpayer dollars we are talking about! Not just a few
hundred grand being scammed here or there. And this has been going on for years. I guess if I was the happy recipient of a tidy sum percentage of those
dollars I wouldn't want the war party to end either. Frankly, that isn't the case.
And even if it was, it wouldn't make it right. More Ethics out the window.
I guess I'm just a dreamer who thinks that some standard of law, ethics, and
fair business practices should be respected and enforced.

It is comical that I should be so foolish not to realize that Corruption is actually the standard business practice these days. Study history, and
you will clearly understand where this direction leads. The collapse of the
Roman Empire is a particularly insightful parallel.