[news] Billions over Baghdad - The Missing $9 Billion

[Mostly Water - "Canadian" and International alternative news feed]

by Donald L. Barlett and James B. Steele | October 2007 | Vanity Fair  
[![Missing Iraqi Billions][1]][2]**Missing Iraqi Billions**  
Between April 2003 and June 2004, $12 billion in U.S. 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.

  


[read more][3]

    [1]: http://mostlywater.org/system/files/images/iraq_billions.thumbnail.jpg (Missing Iraqi Billions)
    [2]: http://mostlywater.org/
    [3]: http://mostlywater.org/billions_over_baghdad_the_missing_9_billion

URL: http://mostlywater.org/billions_over_baghdad_the_missing_9_billion