Possibly the funniest story of the day!

britexpat
By britexpat

It would be laughable if not true :O(

Karzai's brother calls for U.S. to shore up Kabul Bank as withdrawals accelerate

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.

"If the Treasury Department will guarantee that everyone will get their money, maybe that will work," said Karzai, who holds 7 percent of the bank's shares, making him the third-biggest shareholder. Karzai, who spends most of his time in Dubai - where he lives in a waterfront villa paid for by Kabul Bank - rushed to Kabul on Wednesday to join efforts to salvage the bank.

Source: NYT

By hapy• 3 Sep 2010 03:54
hapy

Comment of the day by Abuamerican

By shapil• 2 Sep 2010 21:18
shapil

Americans cant contain there own financial mess and he wants them to save his ass.

By britexpat• 2 Sep 2010 21:10
britexpat

I just hope that the USA doesn't get puled into this..They are saying that if the bank goes under than the economy may flounder..

By AlanCarr• 2 Sep 2010 21:08
AlanCarr

What a fool. Run your bank better and you wouldn't be in this position.

By anonymous• 2 Sep 2010 20:41
anonymous

A puppet looking towards puppeteer for help.....any surprise?

By Darly• 2 Sep 2010 20:35
Darly

He must be crazy.

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