Iraq's Banks In The Northern Part Of The Country Have Been Looted

National Bank of Iraq (Mosul Branch)

Insurgents May Have Looted Banks In Iraq Assault -- Washington Post

Islamist insurgents may have seized millions of dollars in cash as they looted banks while seizing the Iraqi city of Mosul this week, a windfall that the al-Qaeda-inspired group could use to expand territory and fund further attacks, U.S. officials said.

The group, known as the Islamic State of Iraq and Syria, or ISIS, “appears to have overrun several banks,” a U.S. official said. The official said that it was unclear how much cash the branches kept in their vaults but that banks across Iraq’s second largest city had “sizeable assets.”

Experts said the total could reach into tens of millions of dollars, but expressed skepticism of reports that ISIS may have seized as much as $400 million.

Read more ....

My Comment: May have looted these banks!?!?!?!? You got to be kidding me. When the city was taken these Islamic militants made a bee-line to the armories, prisons, and .... number one on their list .... the banks. They certainly did not go to the local MacDonalds.