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 ...
After the Obama inflation kicks in, we’ll be using a trillion-dollar bill to buy a pack of cigarettes at 7-11.
“It was not, it is crucial to note here, U.S. tax-payer dollars which have gone missing in Iraq.”
Gee my kids always thought money just grew on trees. So if not tax-payer whose money was it?
“deduct it from the bill they owe us”
+1
If you read the article, you’ll know.
Sounds so effin good! If only...if only... .
Those funds are separate and distinct from the money we KNOW is being stolen and the dollars which everyone pretty much assumes, based on past experience, will go missing...
Yep your right I went right over it; I was practicing my speed reading … again.
pay it back with some our unproductive land - say, NJ or maybe they would prefer San Francisco or Minneapolis. Certainly we can work out a deal.(sarc)
If Henry Waxman is flapping his gums about this, then that would be the first place to look.
Here is a simple solution:
1. Shut down the Fed and print our own money. Kennedy was starting to so do before he was killed.
2. Send the fed bureaucrats to that Moslim ‘nation’ as slaves. Slavery IS legal under Islam.
Announce the problem to be solved.
I do it all the time! Anyway, the money should be accounted for, but we should still keep it....
Yeah your right about being accountable, and keeping it. What I think is strange is sending all that cash! Why cash? I mean a money order or cashier check, wire transfer lol, is there something there under the table with no paper trail, and who was on the receiving end of all this money. Maybe we need a smell test, I mean 6 billion can’t be 1 person.
Exactly-very strange.
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