[MeekOneGOP]

Kofi Annandersen: Enron-style accounting
at the U.N. Oil-for-Food Program

Excerpt:

Today, with private business largely smothered, except in Kurdish-controlled northern Iraq, the only significant source of foreign exchange is oil. All oil in Iraq belongs to the state. Saddam decides who will benefit from its sale, and who will be deprived. "The government of Iraq has the sole responsibility for allocating the money," says an official of the U.N.'s Oil-for-Food Program. "We cannot tell them, we only advise them." An author of the Coalition for International Justice report, Susan Blaustein, notes that Saddam has stolen Iraq's oil from his fellow countrymen. She points out that in accommodating this arrangement, "the U.N. is colluding in that theft."

< snip >

In another craven move, the U.N.'s Iraq program even allowed Saddam to dictate in October 2000 that he no longer wanted the Oil-for-Food accounts to be held in the currency of the enemy, meaning U.S. dollars. Obediently, the U.N. switched all Iraq funds from that stage forward to euros, in effect helping Saddam impose his own version of sanctions on the U.S.

Please let me know if you want ON or OFF my General Interest ping list!. . .don't be shy.

[VA40]

My two observations:

In another craven move, the U.N.'s Iraq program even allowed Saddam to dictate in October 2000 that he no longer wanted the Oil-for-Food accounts to be held in the currency of the enemy, meaning U.S. dollars. Obediently, the U.N. switched all Iraq funds from that stage forward to euros, in effect helping Saddam impose his own version of sanctions on the U.S.

Recall the stock market in October 2000?

Under the guise of the U.N.’s “Oil For Food” program, the U.N. has collected more than $1.2 billion each year in fees by administering the transfer of at least $15 billion a year. These fees alone pay the salaries of more than 4,000 U.N. employees.

Doesn't that work out to $300K a year? Nice salary for these "global humanitarians".

[Alamo-Girl]

Thanks for the heads up!

[Victoria Delsoul]

In another craven move, the U.N.'s Iraq program even allowed Saddam to dictate in October 2000 that he no longer wanted the Oil-for-Food accounts to be held in the currency of the enemy, meaning U.S. dollars. Obediently, the U.N. switched all Iraq funds from that stage forward to euros, in effect helping Saddam impose his own version of sanctions on the U.S.

The UN is a useless organization and a conduit for European obstructionists.

The UN should be eliminated by the same mechanism Sadam will, LOL!