Posted on 05/10/2013 5:59:18 AM PDT by huldah1776
John F. Sopko, the Special Inspector General for Afghanistan Reconstruction (SIGAR), spoke at New America Foundation's National Security Studies Program on Wednesday and said $50 million of U.S. taxpayer dollars was stolen from the United States Treasury and found in a bank in Afghanistan.
The money has since gone missing.
"We identified 50 million dollars stolen from the United States Treasury and it was sitting in an Afghan bank account," said Sopko.
"We identified the bank account, we obtained a court order in the United States and had it served on the Afghan government to get them to seize that money. For months we pressed the Afghan Attorney General's office and the Ministry of Foreign Affairs to freeze the account and begin the legal process to allow us to seize that cash. At first, we were told the bank account was frozen and the money was protected.
"Unfortunately, as too many times it is the case, a few weeks ago we learned the money was mysteriously unfrozen by some powerful, unnamed bureaucrat in Kabul. Now, most of the money is gone."
The special inspector said they will continue to search for the money and will do their best to prosecute the people responsible for stealing the money.
"Now, we will continue to try to find that money, and we'll continue to try and prosecute the individuals who are involved in stealing the money. We will continue to work with honest Afghan officials, but I feel our recent experience with this case and others may be the future for rule of law in Afghanistan unless we --the United States government-- make fighting corruption a priority for the Afghans and we hold their feet to the fire to do what they have promised to do repeatedly in international agreements."
This doesn’t “just happen”. Someone knows what they are doing. How can money from t he US Treasury get to an Afghani bank w/o someone at Treasury knowing about it? They really think we are stupid! Idiots, in fact. Well, that may be their side, but NOT our side!
Has anyone looked in hussein’s wallet? This is just the tip of the iceberg.
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Keep in mind Wall Street knows how to make money disappear fastern than a cream puff at a eight Watcher weigh-in. Is that why when Obama took office he immediately pput his COS Rham Emanuel (an ex-Wall Street G/S player) in charge of Treasury?
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FOURTEEN TRILLION DOLLARS Behind The Real Size of Obama's Wall Street Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout.
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs
(Remember that Obama's Treasury Dept was controlled by his then-COS Rahm Emanuel---a savvy, connected G/S lobbyist in the WH)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
Afghans have Bank Accounts?
Do they use the Checks to wipe their behinds?
LOL we’ll check the spy drone tapes they’re worried about and look for people doing things on their rooftops in sight of our Marines.
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