KABUL, Afghanistan — In a bid to fend off the threat of a nationwide financial crisis, the Afghan government scrambled to come up with the funds to bail out Afghanistan’s largest bank on Saturday after lines of frantic depositors mobbed the bank for a third day…
…The panic began last week when the Central Bank ousted the chairman and the chief executive officer of Kabul Bank, after discovering that the bank had acted recklessly, lending tens of millions of dollars to allies of President Hamid Karzai and pouring money into risky real estate investments in Dubai…
Here is what I want to know. How is it we set up the government, the financial system and yet there seems to be absolutely no oversight? The problems in our two wars in Iraq and Afghanistan have been not from military failures but rather civilian incompetence. This ineptitude is from the current administration and the previous. Civilian incompetence in US foreign affairs goes much further back however. It is as if the government appointee’s and civil servants have no idea how the real world operates. We can’t define victory, our enemies or what the end state should be.
We are in such a hurry to turn these places back over that we don’t institute sound infrastructures. We’ve known for example how corrupt the Karzai government is yet we stand by and watch it fail. Our leaders refuse to take ownership of what we have created. While military men and women continue to give their lives to better a place that barely understands our ideas of democracy our leaders look the other way.
I don’t get it. But then I don’t jet around the world attending cocktail parties at embassies either.
“If you start to take Vienna, take Vienna”.
I guess it is to be expected considering our own problems here in the states……
- Kabul Bank accused of financing Afghanistan corruption (rightpundits.com)
- US denies taxpayer funds to bail out Kabul Bank (alternet.org)
- You: Karzai’s brother calls for U.S. to shore up Kabul Bank as withdrawals accelerate (washingtonpost.com)