2012 Presidential Election

Loading...

Thursday, February 08, 2007

Your Taxpayer Money Hard at Work: Hearings Discuss How $12 Billion in US Cash Vanished in Iraq


This article discusses a situation in Iraq almost completely devoid of reality--straight from "The Twighlight Zone" or something: shortly after the fall of Baghdad, the Bush administration sent $12 Billion in shrink wrapped $100 bills, a sum that weighed a staggering 363 tons, to the middle of the war zone with virtually no accounting controls. It promptly vanished, after being distributed from among other things the back of a pickup truck. Fiscally conservative indeed!
"Iraq was awash in cash - in dollar bills. Piles and piles of money," says Frank Willis, a former senior official with the governing Coalition Provisional Authority. "We played football with some of the bricks of $100 bills before delivery. It was a wild-west crazy atmosphere, the likes of which none of us had ever experienced."
Continuing with this story of breathtaking incompetence, this article shows how American soldiers 'played football' with stacks of $100 bills. Amazing.

3 comments:

Kevin Rants said...

Rip

Great find. Truly god-awful. Here's my blog on this http://kevinrants.typepad.com/kevin_rants/2007/02/bush_administra.html

This is the quote that makes me sick . . .

Distributing cash in a war-zone wasn't "a perfect solution," said Paul Bremer, who was head of the CPA. "But there are no perfect solutions in Iraq."

Renegade Eye said...

The post seems surreal, but it's true.

catnapping said...

War is a great money-laundering device, ey?