Iraqis To Get Banking Advice From Zombies

You know, with all the trouble we've been having with the economy here at home, chances are that concerns over who advises the Iraqis on their banking problems are minimal. Well, guess what? START WORRYING, because, my God, look who is advising them!

ADAM ERELI, Public Affairs Counselor at the United States Embassy in Baghdad, 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. Citibank has already established correspondent relationship services agreement with Iraq's Warka Bank that allows clients of both banks to execute cash payments, wire transfers and trade transactions to both corporate and retail entities in all Iraq's cities and provinces.

Hat tip to the Washington Independent's Spencer Ackerman, who wryly notes: "Yes, clearly Citibank is just the right institution to help the Iraqi banking sector become mature and responsible corporate citizens. I hear Warka Bank is too big to fail. Or, who knows, maybe J.P. Morgan can pull a Bear Stearns on it."

Wow. The Iraq War AND Citigroup, together at last! What could possibly go right?

RELATED:
Uh, We're Bragging About Sending Citibank To Help The Iraqi Banking Sector? [Washington Independent]
Citigroup a 'Black Hole' that Requires Nationalization [Washington Independent]

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