Tuesday, March 11, 2008

Non-Iraqi Banks

Yes what is all that Iraqi money doing in non-Iraqi banks? Waiting for a rainy day, I guess.

Let's remember that those "non-Iraqi" banks include... American banks which were a bit scared that it might be withdrawn.

Congressional Democrats accused President Bush of giving in to a threat from the Iraqi government to withdraw all of its assets from US banks.

"We understand that the president is bowing to the demands of the Iraqi government, which is threatening to withdraw billions of dollars invested in US banks if this bill is signed," said Democratic House Speaker Nancy Pelosi and Democratic Senate Majority Leader Harry Reid, in a joint statement.