World Bank Lending Iran $900 Million

Newsmax ^ | Monday, November 5, 2007 | Newsmax Staff

[clamper1797]

That’ll buy a lot of yellowcake

[bayareablues]

Makes me want to cheat on my taxes.

[Always Right]

“The loans to Iran present Zoellick, in the first year of a 10-year term, with his first challenge between his loyalties to President Bush and his role overseeing the international institution,” the Sun observes.

Challenge? More like a declaration of war. If the UN and World Bank are going to keep pulling this crap, it will be time to kick them out.

[samtheman]

If Bush had balls this would be stopped.

[meyer]

Despite protestations from an influential congressman, the World Bank is going ahead with plans to loan Iran nearly $900 million – with the largest chunk of money coming from the U.S.

OK, who's the Washington Wiesel that is allowing this to happen?

[DoughtyOne]

Thank heaven we’re finally getting serious with Iran.

[Ingtar]

LOL - “Oh, you’re hurting because of international financial sanctions. Here’s some US cash to tide you over.”

[RightWhale]

None of this makes sense if one skips Bilderburger meetings.

[meyer]

If the UN and World Bank are going to keep pulling this crap, it will be time to kick them out.

It's been time to kick them out for decades. The League of Nations was more useful.

[Uncle George]

BANKERS+MONEY= yes yes
BANKERS+AMERICA= no no
Simple arithmatic.

[Uncle George]

BANKERS+MONEY= yes yes
BANKERS+AMERICA= no no
Simple arithmatic.

[Paco]

If Bush had balls this would be stopped.

You're exactly right. This makes no sense. This would be laughable if the consequences weren't so serious.

[rineaux]

Not sure who the Wiesel is but, why does an oil rich country, need a loan of 900 million? How much does Iran owe Russia for working on nuclear plants/technology? When they get the loan from the WB and give it to Russia, than does Russia give us permission to invade Iran? Lots of speculation on my part, but what the F?!

[Blue Highway]

Despite protestations from an influential congressman, the World Bank is going ahead with plans to loan Iran nearly $900 million – with the largest chunk of money coming from the U.S.

The one thing I haven't heard is, why would anyone from the US or anywhere else expect Iran (sworn enemy of the US) to ever pay back a loan to them? This is tantamount to subverting our own sanctions and aiding and abetting terrorism. This person should be arrested asap.

[untrained skeptic]

Projects to be funded by the loans include improvements to Tehran’s sewage system, relief for victims of the Bam earthquake, and efforts to improve access to health care for rural Iranians.

None of which Iran would need to borrow money for if they made such things a priority over spending money on developing nuclear weapons and funding terrorism.

This is the same kind of B. S. they used to justify the Oil for Food scam, but there are even less controls on where the money goes.

[stylin19a]

fine. let the house start a bill to vote to defund the world bank.

[RightWhale]

why does an oil rich country, need a loan of 900 million?

Poor economic management. They have a monstrous inflation rate, they have to import their gasoline, and someone mentioned that they will be importing oil just like oil-rich Indonesia fairly soon.

[Dr. Bogus Pachysandra]

Excuse me! I’m gonna go bang my head against the wall!

[wolfcreek]

WTH would oil-rich Iran need a loan? Maybe to pay Russia off for that reactor?