Monday, March 28, 2011

Global Banksters

Corrupt everywhere.
KABUL, Afghanistan — When a brother and nephew of an Afghan vice president wanted to build up their fuel transport business, they took out a $19 million loan from Kabul Bank. When a brother of the president wanted to start a cement factory, he took out a $2.9 million loan; he also took out $7.9 million for a luxury townhouse in Dubai. When the bank’s chief executive officer wanted to invest in newly built apartments in Kabul, he took almost $18 million.
At War

The terms were hard to beat: no collateral, little or no interest. And repayment optional, at least in practice.