Sunday, September 16, 2007

Blowing Your Morning Coffee All Over the Monitor

An insight into how the war in Iraq is being run.

The Spoils of War: Billions Over Baghdad

By Donald L. Barlett and James B. Steele
Vanity Fair

October 2007 Edition

Between April 2003 and June 2004, $12 billion in US currency - much of it belonging to the Iraqi people - was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled.

Reposted on TruthOut.org.

See also:
Defense, Homeland Security Can't Pass Audits

The Associated Press
Friday 14 September 2007

Disorganized records leave big-budget agencies vulnerable to waste, fraud.

Article here.


Now, aren't you glad you voted for that Yale MBA for president in those last two elections? If you voted for him, this is your legacy.

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