Can you imagine if the US justice system respected the rule of law regarding US banksters?
Forget about the 50+ employees each from The Morgue, The Squid, BOA, Wells Fargo, Citibank, etc who would be serving hard time, the US has 1000+ banks who would have had their own similar bank runs and failures due to fraud/ faulty mortgage loans were it not for the FDIC guaranteeing paper and FASB suspending generally accepted accounting principles.
The Doc, for one, simply cannot imagine an America where fraudulent banksters and central bankers are arrested and prosecuted for financial crimes.
From the BBC:
Deputy Attorney General Rahmatullah Nazari said the bank's founder and its former chairman Sherkhan Farnood and ex-CEO Khalilullah Ferozi were being held on embezzlement charges.
He told Reuters news agency both men would go on trial within a month.
Revelations of fraud, bad loans and mismanagement prompted a run on the bank last September.
It was bailed out by the central bank as part of efforts to prevent it from collapsing.
In April, it was split into a "good" and "bad" bank, and President Hamid Karzai vowed to take action against those responsible for the crisis.
Mr Farnood and Mr Ferozi, who both owned large stakes in the bank, were placed under house arrest at the time trouble hit, though they were reportedly able to move freely around Kabul nonetheless.
"We had to make arrests because Haji Khalil [Ferozi] and Sherkhan are the kind of people who can easily slip away from the country," Mr Nazari said, Reuters reported.
"Both are responsible for millions of dollars of losses in Kabul Bank and they must appear in court before they go too far from our hands," he said.
Earlier this week Afghan authorities issued a warrant for the arrest of the former governor of the Afghan central bank, Abdul Qadeer Fitrat, saying he was being investigated in connection with the fraud at Kabul Bank.
But he had already fled to the US, saying his life was in danger for exposing fraud.
In April, Mr Fitrat himself had accused several key Afghan officials - including President Hamid Karzai's brother Mahmoud Karzai and Vice-President Qasim Fahim - of involvement. Both deny the charges.
