Ethiopian Review

World Press Digest

Fractional-Reserve Banking in Afghanistan

| September 2nd, 2010 at 6:57 pm |

There’s a bank run going on at Kabul Bank–as can happen to any fractional-reserve bank without an FDIC, and indeed it is the only free-market way to correct such crooked institutions. So one of the largest shareholders, US puppet Hamid Karzai’s brother Mahmoud has a solution: “America should do something,” he said. Kabul Bank is “has money”–sure it does Mamoud–but cannot “withstand a stampede by panicked depositors,” as Huffpo puts it in banksterspeak. Maybe the Taliban is telling the truth about such crooked regime banks. That would be terrorism indeed.

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