Are the Afghan banks too big to fail?
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Are the Afghan banks too big to fail?
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.
At War
Details of the deal were still being worked out on Saturday by the Central Bank of Afghanistan with technical assistance from the United States Treasury Department, Afghan and American officials said. But American officials said no United States funds were involved in the bailout.
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