AP Photo/KATHY WILLENS
Former Federal Reserve Chairman Paul Volcker discusses his Independent Inquiry Committee's report, beneath his hand, on the United Nations' Oil For Food Program during an Associated Press interview, Thursday, Feb. 3, 2005, in New York. Volcker says his investigation of corruption in the oil-for-food program in Iraq found that program director Benon Sevan engaged in "an irreconcilable conflict of interest" by choosing the companies that bought Saddam Hussein's oil.