The Islamic State of Iraq and al-Shams (Isis) has become the richest terror group ever after looting 500 billion Iraqi dinars - the equivalent of $429m (£256m) - from Mosul's central bank, according to the regional governor.Nobody thought of getting the money out of town before the Jihadis took over? Nobody? Or was the fall of Mosul so quick that no one – not even the bankers – had a chance to safeguard the loot? Or was the bank one of the main targets all the time?
Nineveh governor Atheel al-Nujaifi confirmed Kurdish televison reports that Isis militants had stolen millions from numerous banks across Mosul. A large quantity of gold bullion is also believed to have been stolen.
Following the siege of the country's second city, the bounty collected by the group has left it richer than al-Qaeda itself and as wealthy as small nations such as Tonga, Kiribati, the Marshall Islands and the Falkland Islands.
On a more savage note, Isis isn’t wasting any time putting people to the sword.
I bet Obama is so worried about the unfolding disaster in Iraq that he only plays 9 holes of golf this weekend, and only does two policy pivots all next week.