UN OIL FOR FOOD PROGRAM REPORT (what UN is really raking in) 2/22-28/03

The United Nations ^ | 4/03 | UN

[GailA]

FYI

[GailA]

Is there a banker here that would know what the interest would be on this Compensation Fund? What would the interest rate on this kind of money be?

It also seems that NO body has been paid from this compensation.

[MizSterious]

Ping!

[11B3]

Last report I read stated that the UN had in its' possession about $21 Billion from this program. No wonder that they don't want to see the sanctions lifted. There are 4,300 DIRECT UN EMPLOYEES working on this program.

[browardchad]

It also seems that NO body has been paid from this compensation.

I believe Kuwait has received some compensation -- that's handled by yet another UN committee of corrupt bureaucrats, as I recall.

What this report doesn't mention is that Saddam was fully in charge of oil sales and food purchases, as well as having authority over the geographic distribution -- no wonder UNICEF supplies were found in Baathist houses, and a locked warehouse full of undistributed food and children's vaccines were found in the starving South.

Considering that there are enough munitions in the country to arm every man, woman and child in Iraq, I wonder how many of those "contracts" approved by the impotent UNMOVIC, and how many UN aid shipments, were a cover for arms shipments?

This program, like the UN, is a travesty.

[Howlin]

See if this helps you understand anything.

I am the last person on EARTH to ask about the money. Perhaps some kind FReeper will come along and explain it to us.

http://www.freerepublic.com/focus/f-news/861683/posts

[Howlin]

And don't forget, the money is in FRENCH banks!

[Howlin]

370 million a week?

And people are starving?

[Shermy]

Who are all those contracts with? I'd like to see a country by country breakdown.

[MizSterious]

Certainly not the people running looting the program.

[Boot Hill]

The UN states:   "3.4 billion barrels of Iraqi oil valued at almost $64 billion have been exported under the programme since December 1996.."

But then they admit that:   "The UN administrative and operational costs for the programme (2.2 per cent) and costs for the weapons inspection programme (0.8 per cent)."

Acting like some third world, organized crime lord running a loan sharking operation or a protection racket, the UN rakes in a vigorish (mordida) of a quarter billion dollars per year, right off the top.

The UN does not come to the table with clean hands. They have a vested interest in maintaining Saddam and the status quo. In fact, their hands are dripping with the blood of innocent Iraqi's.

--Boot Hill

[GailA]

Oil, Food and a Whole Lot of Questions

The Oil-for-U.N.-Jobs Program

[Shermy]

Whew, that was fast! I was thinking of posting Mewzilla's link and making a template of other story links...got any more??? :)

[GailA]

One more

UN deal leaves Iraq Kurds at Baghdad's mercy

[GailA]

You can run, but you can't hide when FReeper Investigators start looking.....Thank GOD for the internet.

[GailA]

Disarming Iraq: The Lessons of UNSCOM

by James A. Phillips (Heritage Foundation)

Claudia Rosett is a columnist for the Wall Street Journal Europe. Untergeek.com

Oil for Food, Money for Kofi

From the April 7, 2003 issue: A bad program that has outlived its usefulness. by Claudia Rosett 04/07/2003, Volume 008, Issue 29

[GailA]

You don't supposed old jacques has borrowed big $$ from the banks on the strength of these contracts?

[Howlin]

We can only hope, Gail. :-)

[anniegetyourgun]

U.N. - weapon of mass corruption

[mewzilla]

The books need to be examined by an army of forensic accountants. And, for once, I see the need for a bunch of good lawyers: The people of Iraq ought to be filing the mother of all lawsuits to get back the money the UN has stolen from them.