No U.S. Bailout For Afghanistan's #1 Bank

A security guard stands outside the main offices of Kabul Bank on September 1.
Radio Free Europe

Obama Administration: No Plans for Afghan Bank Bailout -- FOX News

Obama administration officials rejected a call Friday for the U.S. Treasury Department to bail out the troubled Kabul Bank in Afghanistan, as nervous customers withdrew millions following a shakeup in the bank's management.

With depositors making a run on cash, Afghan President Hamid Karzai's brother said in a newspaper interview that the United States should intervene and possibly guarantee the Kabul Bank investments.

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Previous Post: Run At The Kabul Bank Alarms Everyone. U.S. Treasury Being Asked To Bail Them Out

More News On The Kabul Bank Deposit Run

Kabul Bank run may pose more immediate threat than Afghan Taliban -- Christian Science Monitor
Afghan Financial Crisis Panics Bank Depositors -- AOL News
Karzai Calls Kabul Bank 'Safe' Amid Signs Of Panic -- Radio Free Europe
Kabul Bank: Moral Hazard Personified -- Wall Street Journal

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