Thursday, November 29, 2012

Learning from the best

Afghanistan has long been known for a few things: the place not to get involved in a land war; opium; and of course, corruption to an almost staggering degree. Well when a nation with such a history gets involved with a nation like America who's elite can really make a buck off of desperation -- the obvious happens.
Afghan elite ransacked $900m from Kabul Bank, inquiry finds Relative to the size of Afghanistan's puny economy, the Kabul Bank crisis is the biggest banking scandal the world has ever seen, equivalent to around 5% of national income, and staggering in its scale and audacity. An array of forged documents and fake official stamps for nonexistent companies helped managers keep one set of books for auditors and another for themselves; more than $800m of the stolen money went to just 12 people and seven companies connected to them.
Even Lloyd Blankfein can only marvel at their audacity. [cross-posted at Firedoglake]


StonyPillow said...

The United States has already sunk $588 billion into Afghanistan. We cannot simply abandon them in their hour of greed.

pansypoo said...

where are the fucking guillotines?