Pages

Saturday, September 04, 2010

US Mulls Afghan Bank Bailout


Amid the panic the Afghan government insists that it will back the bank’s deposits entirely, but the run seems to be continuing and it is unclear how able they would be able to cover a major failure without international, presumably American, funding.

With all the political fallout from bank bailouts within the United States, the prospect of the US government going abroad and bailing out a struggling bank or even a struggling banking system in a foreign country, even an occupied one, would be a matter of considerable controversy.'

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.