Posted on 06/14/2011 7:33:17 AM PDT by Libloather
Report: $6B missing in Iraq may have been stolen
By Tucker Reals
June 14, 2011 7:35 AM
The man Congress put in charge of auditing the billions of dollars dumped on Iraq after Saddam Hussein was toppled has told the Los Angels Times he can't rule out the possibility that $6.6 billion in cash sent from the U.S. was stolen.
Special inspector general for Iraq reconstruction Stuart Bowen told the Times the missing money may represent "the largest theft of funds in national history."
It was not, it is crucial to note here, U.S. tax-payer dollars which have gone missing in Iraq. The money came from a special fund set up by the Federal Reserve Bank of New York with Iraq's own money -- funds which were withheld from the nation during a decade of harsh economic sanctions under Saddam.
Now, and here's the real kicker, Iraq wants it's money back. The Los Angeles Times says some officials in Baghdad have threatened to take the U.S. government to court to reclaim the missing loot. The last known holder of the funds, before they mysteriously disappeared into the dusty oblivion of post-war Iraq, was the U.S. government.
"Congress is not looking forward to having to spend billions of our money to make up for billions of their money that we can't account for, and can't seem to find," Rep. Henry A. Waxman (D-Calif.) told the Times. Waxman was head of the House Government Reform Committee which held hearings on U.S. waste, fraud and abuse in Iraq about six years ago.
(Excerpt) Read more at cbsnews.com ...
deduct it from the bill they owe us
Color me surprised...
how about we just send them a bill for twice the amount for all “our” blood and treasure we’ve spent liberating them from their sadistic dictator...
It’s there somewhere, keep looking.
Wait till we see how much is missing from
the trillions shifted around by golden boy obama.
The question is... why would our clueless reps keep repeating the same mistake and send them a few more billion we don't have?
/shaking head in disgust
Oil @ $1/bbl works for me.
And always, ALWAYS, if you are inclined to give charity, personally walk the beneficiary through each benefit -- utilities, groceries, fuel, etc., and use your credit card.
That way, the poor get what they need; they DON'T get drugs, liquor, lottery tickets, whores; there is a complete accounting on your statement at the end of the month (thus, the money isn't just "missing"); and you get reward points on the card. It's a win-win-win-win situation.
Then where did the money come from? Was the theft was ever investigated? This report is nothing but a white wash.
Yawn. According to Senator Coburn, something like $80 billion is stolen from the US government every year through phony medicare claims. Wake me when you’re talking real dollars. /s
Small potatoes compared to the TRILLIONS of dollars that disappeared during the TARP debacle and the Porkulus Bill scams in ‘09.
Even the GAO, our toothless Congressional “watchdog”, estimates $200 billion disappears from government agencies EVERY YEAR, with no investigations and no one going to jail.
Everybody’s money becomes somebody’s money stashed in some off-shore bank account. That’s why there are so many crooks attracted to “government service.”
Montgomery Burns strikes again?
http://en.wikipedia.org/wiki/The_Trouble_with_Trillions
“They reveal that in 1945, President Harry Truman printed a one trillion-dollar bill (with his photo on it) to help reconstruct post-war Europe. He handed the bill over to Montgomery Burns to transport to the Europeans. However, the money never arrived and the FBI suspects Burns still has the money with him.”
Barney Frank and his compatriots probably used those funds to prop up their Fannie and their Freddie.
Have they looked under the couch cushions?
They say that Iraqis only got half of the 12 billion sent and that American handlers kept the rest. If Iraq is correct, Congress will probably pay up to get those handlers off the hook and avoid an investigation in exchange for a share of the loot in campaign contributions.
No problem. I’ll write them a check!
Dealing with thieving savages,Hey deduct it from the 1.5 Trillion you owe us,pay in Oil ,Gold or Dollars.
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