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Billions go Unaccounted in Iraq

  1. Nov 9, 2006 #1

    Astronuc

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    $Billions go Unaccounted in Iraq

    Baghdad's 'missing' billions
    http://news.bbc.co.uk/2/hi/business/6129612.stm
    By Mark Gregory
    International business reporter, BBC World Service
    Iraq corruption 'costs billions'
    http://news.bbc.co.uk/2/hi/middle_east/6131290.stm

    SIGIR: Independent & Objective Oversight
    http://www.sigir.mil/
    More Halliburton - Iraq allegations ...
    http://marketplace.publicradio.org/shows/2004/10/25/PM200410254.html
    http://reform.house.gov/ Chair Tom Davis (R, VA - 11) has been relected.
     
  2. jcsd
  3. Nov 9, 2006 #2
    Will be interesting to see what was going on and what is going on right now in Iraq. After six years, I think it is well past time for Congress to get busy with some oversight.
     
  4. Nov 10, 2006 #3

    Gokul43201

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    I heard on the radio, a while ago that the person heading the Iraq Budget team (the Coalition Financial Advisor?) was a fresh political science graduate (from one of those Schools of Government that churns out Conservatives by the boatload) with no background in economics or accounting. One of the tests he had to pass asked questions like "where do you stand on Roe v Wade?"

    <<The name stuck in my head is Jim O'something but I haven't found anything on the net yet>>
     
  5. Nov 10, 2006 #4

    JasonRox

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    That has to suck.

    Well, um... the idiot who handed the money to the idiot is the bigger idiot!
     
  6. Nov 10, 2006 #5

    Astronuc

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    Especially if the money ended up supporting the insurgency.
     
  7. Feb 15, 2007 #6

    Astronuc

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    I may have posted this in another thread - but it's relevant to this one.


    Audit: U.S. lost track of $9 billion in Iraq funds (back in 2005 and referring to 2004)
    http://edition.cnn.com/2005/WORLD/meast/01/30/iraq.audit/
    Pentagon, Bremer dispute inspector general's report

    Iraq is becoming 'free fraud' zone (2005)
    http://www.csmonitor.com/2005/0407/dailyUpdate.html

    The Spoils of War
    http://marketplace.publicradio.org/features/iraq/index.html

    U.S. Indicts Five in Iraq Fraud (2007)
    http://www.usnews.com/usnews/news/articles/070207/7indictments.htm

    Republicans Try To Outflank Waxman On Iraq Probe
    By Chitra Ragavan
    http://www.cbsnews.com/stories/2007/02/08/usnews/whispers/main2452126.shtml


    Judge Clears Contractor of Fraud in Iraq
    Custer Battles Handled Baghdad Airport Security
    http://www.washingtonpost.com/wp-dyn/content/article/2007/02/08/AR2007020801871.html

    But now -
    Auditors: Billions squandered in Iraq

    Do the Republicans/conservatives know how to run government or what?


    One has to wonder how much is being diverted back to people in the administration, perhaps even Congress - and parked in off-shore bank accounts.
     
  8. Feb 15, 2007 #7
    I can not believe that we sent billions of dollars cash in one hundred dollar bills to Iraq. Had ta make the payroll I guess.:rolleyes:

    http://uk.news.yahoo.com/07022007/325/pallets-u-s-cash-sent-baghdad-handover.html
     
  9. Feb 17, 2007 #8
    Haven't they been doing this since the war started anyway? What's the difference between actual paper money and tax payers money?:smile:
     
  10. Feb 17, 2007 #9
    We have been spending tax payer funds since the war started. This was not enough money to pay for the war, so we resorted to using the revenues we received from selling Treasury bills to countries like China. This particular transfer was the single largest cash shipment ever made by the Federal Reserve.

    It is much more probable that cash will end up in the wrong hands than say a bulldozer or tank, especially when there was no system in place to account for where the cash would end up.

    Sending 363 tons of one hundred dollar bills to a war zone was stupid stupid stupid.
     
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