$1 billion missing

[soundfury]

U.S. civilian authorities in Baghdad failed to keep good track of nearly $1 billion in Iraqi money spent for reconstruction projects and can't produce records to show whether they got some services and products they paid for, anew audit concludes.

http://story.news.yahoo.com/news?tmpl=story&cid=540&ncid=736&e=2&u=/ap/20040729/ap_on_re_mi_ea/iraq_audit

[Fovea]

1. Let the fraud trials commence.

I mean it!

[burythehatchet]

2. jeez its just ONE billion

hell I can probably find that under my couch cushion

[tom_paine]

4. If they can't find ONE billion then the Busheviks have stolen FIVE BILLION

[burythehatchet]

7. in the words of Ali G - No doubt

for every scandal we uncover there are five more we have no idea about...YET

[Tandalayo_Scheisskopf]

3. Oh, them wacky...

20-30 year olds they dredged up offa the AEI website job board. Just showing that rock-ribbed entrepreneurial spirit that makes repukes repukes, is all.

See the wonders and magic that happens with The Adults are In Charge, especially of Your Money?

[goforit]

5. Way to go Cheney!!!

[JohnnyRingo]

6. Related story focusing on KBR

"There's plenty of money to be made...
Supplying the army with the tools of the trade."- "Country Joe" McDonald

http://www.chron.com/cs/CDA/ssistory.mpl/business/2705513

"Shouldn't we all just be happy that a ruthless dictator is no longer in power" - Hannity

[cthrumatrix]

8. I thought it was $25B missing per the UN

[gasperc]

9. soon we'll be talking about real money

:mad:

[Zorra]

10. A phrase becoming more and more common under the Bu$h

administration and their obvious corruption is, sarcastically,

"What a surprise"

[Carni]

11. Did anybody check big Dick's skivs?

[Mountainman]

12. Nothing will be done about this. n/t

[Bandit]

13. We should give Halliburton a No-Bid Contract to investigate this

:shrug: Isn't there more than a trillion dollars unaccounted for by the Defense Dept?

[SidDithers]

14. Send in the Iraq Survey Group!

maybe they can find the missing money...

Sid

[neverforget]

15. Only $1 billion? Better check Dick "F yourself" Cheney's bank account

[F.Gordon]

16. Can't find the money. Can't find the oil. Hmmm....

I added bold.

26 July 2004 – The United Nations Security Council was today briefed in closed-door consultations on the report of the international oversight body for the Development Fund for Iraq (DFI), which was set up last year to take over management of the country's petroleum revenues.

Following the meeting, UN Controller Jean-Pierre Halbwachs, who chairs the International Monitoring and Advisory Board (IAMB), told reporters that he had relayed the Board's concerns on key issues to the Council.

He said one was a lack of "metering" to measure the crude being extracted at the source, and because of this, "there could be no guarantee that all the oil could be accounted for."

Mr. Halbwachs noted that the now-defunct Coalition Provisional Authority (CPA) had worked to address the lack of meters, but predicted that the complicated problem would take over a year to resolve.

The second issue concerned barter. As a result of that practice, "money does not go into the DFI," Mr. Halbwachs said.

The IAMB also had concerns about sole-sourced contracts, he said, noting that there had been a number of audits of the problem. "We are seeking to see these audits to see what is in there we have not been able to do so," he said.

He noted that on the general problem of sole-sourced contracts, "if you don't go to bids to get a contract, you are not sure that you actually got a very good price for it."

http://www.un.org/apps/news/story.asp?NewsID=11467&Cr=iraq&Cr1=

[stickdog]

17. A billion here, five billion there ...

it really starts to add up after a while.

[0007]

18. I'd have to bet that the Pentagon could tell 'ya where the loot is

Why can't the money be tracted?

[candy331]

19. No wonder the hatched up accusation of UN Secretary Anan and his

son being accused of stealing a few paltry thousands/millions, I forget which. Move along nothing to see next sandal/non scandal please.

[donco6]

20. And I got written up in my school district audit last year

for not auditing the schools' petty cash accounts. Altogether they total less than $2,000! Not even vaguely material. And they're going to get a free ride on this, you just watch. Disgusting.

[Disturbed]

22. Bremmer's baggage.

Anybody check those when he flew out in a hurry?

[pinniped]

21. Cool, zero accountability.

Of course it's in some offshore Cayman account.

These thugs/thiefs belong in prison.

[SoCalDem]

23. Check FUDick's socks...

:)

[Bluebear]

24. Gimme an H! Gimme an A! Gimme an L......

[struggle4progress]

25. kick

:kick:

[daleo]

26. Auditors were probably to busy with the "oil for food" scandal

Everyone was so busy working to pin corruption charges on Saddam, that they ended up allowing the same to happened under the occupation. Le plus ca change...

[jdj]

27. ????????????"failed to keep good track"???????????????????

now I have heard everything.

"oopsie."

mmmhmmm

[LeftofU]

28. Two trillion missing too!!!!.....

....that's what Clinton gave us. I want it back!

[Tight_rope]

29. Check Bush's pocket.s..He spent a $1.50 of it today!

[kentuck]

30. The RNC got it...

I would not put it past them.