So will bailing out that Kabul bank trickle down on us too? Create jobs? Prevent a double dip?

[Amerigo Vespucci]

Afghan Bank Bailout: U.S. To Prop Up Kabul Bank To Prevent Crisis: http://www.huffingtonpost.com/2010/09/04/afghan-bank-bailout-us-to_n_705830.html

I'm audaciously hopeful. I just know this is the right move.

:sarcasm:

[TBF]

1. Banks R Us -

Obama is consistent if nothing else - helping bankers everywhere.

[AndyA]

2. Oh, you betcha.

That bank in Kabul will help small businesses here in America get loans to hire people. They're gonna do low interest mortgages, too.

Things are gonna be grand, just you wait and see. Change is comin'... :eyes:

[monmouth]

3. We are NOT bailing them out. Our treas. dept. is aiding them, but

our money is not part of the deal. Reading the article helps.

[Orrex]

4. Perhaps the person who wrote the headline or who linked to on HuffPo's front page should read it.

Just saying.

[Amerigo Vespucci]

5. Thanks for your helpful tips. Reading the article title helps too.

Afghan Bank Bailout: U.S. To Prop Up Kabul Bank To Prevent Crisis

Maybe you can send an email to Huffington Post and help them out, just like you helped me. Thank you! You're extremely helpful.

:grouphug:

[jaxx]

7. When was this added?

***UPDATE*** The Times has updated their story with comments from U.S. Treasury officials insisting that no American money will be used to recapitalize the Kabul Bank: "'No American taxpayer funds will be used to support Kabul Bank,' said Jenni LeCompte, a Treasury Department spokeswoman."

http://www.huffingtonpost.com/2010/09/04/afghan-bank-bailout-us-to_n_705830.html

[LiberalAndProud]

6. I don't think we have many options.

http://online.wsj.com/article/SB10001424052748704282504575471660439089080.html?mod=googlenews_wsj

The U.S. says it will not finance a rescue of Kabul Bank. "No U.S. taxpayer funds will be used to support Kabul Bank," said a spokeswoman for the U.S. Treasury, Marti Adams.

I don't see how allowing the bank to fail would be wise policy.

[girl gone mad]

8. We've allowed over 100 American banks to fail this year.

That's the way capitalism is supposed to work.