US denies taxpayer funds to bail out Kabul Bank

[cal04]

Source: AFP

The US Treasury Department denied media reports Saturday that American taxpayer funds would be put towards bailing out Afghanistan's beleaguered Kabul Bank.

The White House said the allegations were not true and pointed to a statement from Deputy Treasury Secretary Neal Wolin that said the bank's troubles were "an Afghan issue."

"They are taking immediate steps to ensure the stability of Kabul Bank and to protect the financial assets of the Afghan people," Wolin said.

"While we are providing technical assistance to the Afghan Government, no American taxpayer funds will be used to support Kabul Bank," he said.

Read more: http://www.google.com/hostednews/afp/article/ALeqM5h7r6ETsFGp3Q2ygMbmGTuz5xnoRw

[msongs]

1. let em use afghani laundered drug $$ instead, like we do here in the USA lololol nt

[mike r]

2. Make Karzai & friends return the money they stole

And get our troops out of Afghanistan ASAP.

[ipaint]

3. Sorry, the treasury has no credibility.

Don't believe a word they have to say. I'm sure the nasty truth will emerge down the road.

[Donnachaidh]

4. what's another IOU in the SS till....

:sarcasm:

After all, they've used it as petty cash for how long?

[metapunditedgy]

5. How many lost suitcases full of US cash would it take to bail out that bank (or more likely,

bail out its creditors) anyway?

[Paper Roses]

6. Call me skeptical re: this statement but I bet they find a way bail out this bank

without it appearing anywhere. We should believe this "an Afghan issue". Don't think so. Not this old timer anyway.

[JCMach1]

7. Code for the CIA will do it...

through any number of shell companies...

sigh...