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[Washington Babylon]

Citibank Does Baghdad: Iraqis beware, you might just want to put your cash under the bed


From Spencer Ackerman:

Former Defense Secretary Donald Rumsfeld once observed that if you can’t solve a problem, enlarge it. In that spirit, take a look at this press conference in Baghdad Sunday, and watch as U.S. Embassy spokesman Adam Ereli boasts about sending Citibank to Iraq:

Beyond education and culture, in the field of economy and services, it’s worth noting that representatives of U.S. banks, JP Morgan and Citibank and others came to Baghdad on January 28th, participated in an international banking conference that explored correspondent banking relations that would deepen commercial ties between Iraq and the international community, business community…

Yes, clearly Citibank is just the right institution to help the Iraqi banking sector become mature and responsible corporate citizens.

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