Violence in Iraq is Now Creating Chaos in the Banking System. (blog-friendly link from NY Times.)
Praised by the United States as a success story as recently as a few months ago, that system has quickly become a wild landscape of clandestine cash runs, huge hauls by robbers dressed as police officers and soldiers, kidnappings of bank executives with ransoms as high as $6 million, American allegations of tie-ins with insurgent financiers, and legitimate customers turned away when they go to pick up their savings and flee the country.
“It is a crisis,” said Wisam K. Jamil, managing director of Iraq’s oldest private bank, the Bank of Baghdad, which lost $1.5 million in a literal case of highway robbery by men wearing police uniforms last December.
God, I hope Michelle Malkin doesn't blame the NY Times for letting Americans know what all Iraqis know daily. Last week she blamed the NY Times for letting everyone in America know what anyone in the Mid-east could know just by looking up: America was resupplying the Israelis with arms via air shipments. All they had to do was look up in the sky and see the military transport planes landing. I guess for Michelle that was a bit of a revelation that you don't need her or the NY Times to know that military transport planes deliver military supplies. And anyone in the neighborhoods of the airports, departing or arriving, could see them landing or taking off.
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