US denies taxpayer funds to bail out Kabul Bank

The US Treasury Department denied media reports Saturday that American taxpayer funds would be put towards bailing out Afghanistan's beleaguered Kabul Bank.

The White House said the allegations were not true and pointed to a statement from Deputy Treasury Secretary Neal Wolin that said the bank's troubles were "an Afghan issue."

"They are taking immediate steps to ensure the stability of Kabul Bank and to protect the financial assets of the Afghan people," Wolin said.

Webmaster's Commentary: 

So, Deputy Treasury Secretary Wolin, where, precisely, is the money going to come from to stabilize the Kabul Bank?

The American taxpayers deserve some straight answers on this.

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