There was some awful news from Afghanistan last week, overlooked in the midst of Egypt's tectonic eruption. Kabul Bank is near collapse. Apparently the owners who include President Hamid Karzai's brother Mahmood and other assorted political cronies had, among other nefarious activities, taken the bank's assets and speculated in Dubai real estate, which promptly crashed. The Afghan government does most of its business through Kabul Bank; if the bank fails, the government won't be able to pay its workers, including the army. Millions in international aid may be washed away.
And so, a familiar dilemma: Bail...
To continue reading:
or
Log-In
