WHY would Iraq have $80 Billion stashed in NY banks?

[napi21]

I just heard that on KO tonight. I don't have anywhere near money like THAT, but one of the last places I want to put the little I have is in some American Bank!

[Disturbed]

1. They aren't too bright are they?

They would have been better off to have their stash in Switzerland in Euros.

[gateley]

2. Seriously -- I had money I'd have it in precious metals and other currencies. nt

[napi21]

3. I am sure no financial expert, and don't pretend to be, but this seems

very foolish to me, unless.....ShrubCo made some kind of a deal with them!

[gateley]

4. Well the experts I HAVE heard have recommended other currencies and

the precious metals. Granted, these are "experts" I've just happened to hear on the radio, but I think I read where Warren Buffet moved his money into Euros a while ago.

You're probably right that it's some kind of a deal. Everything is. :eyes:

[madrchsod]

5. it`s safer than the iraqi banks

and the europeans might want to look at where l the money came from. us banks wo`t tell cause no one will make them