7.29.2006

In Bagdad, even the good news is bad.

Violence in Iraq Is Creating Chaos in Bank System - New York Times:
Praised by the United States as a success story as recently as a few months ago, that [Iraqi banking] 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.

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