| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
21 Jun 2005 06:42:49 PM |
| Object: |
Where have all the billions gone? |
Cash was loaded onto giant pallets for shipment by plane to Iraq, and
paid out to contractors who carried it away in duffel bags.
The report, released at a House of Representatives committee hearing,
said despite the huge amount of money, there was little U.S. scrutiny
in how these assets were managed.
"The disbursement of these funds was characterized by significant
waste, fraud and abuse," said Waxman.
An audit by the U.S. Special Inspector General for Iraq Reconstruction
said U.S. auditors could not account for nearly $8.8 billion in Iraqi
funds and the United States had not provided adequate controls for
this money.
"The CPA's management of Iraqi money was an important responsibility
that, in my view, required more diligent accountability, pursuant to
its assigned mandate, than we found," said chief inspector Stuart
Bowen in testimony.
CASES OF ABUSE
Auditors found problems safeguarding funds including one instance
where a CPA comptroller did not have access to a field safe as the key
was located in an unsecured backpack.
Bowen's office has referred three criminal cases to the U.S.
Attorney's Office in the past two weeks for misuse of funds. Bowen
declined to provide details at the hearing.
In one e-mail released in Waxman's report with the subject line
"Pocket Change," a CPA official stressed the need to get money flowing
fast before the handover.
Rep. Stephen Lynch of Massachusetts, a Democrat, questioned why so
much money had to be transferred so fast.
Senior defense official Joseph Benkert said an infusion of funds was
needed to address a wide variety of needs before the new Iraqi
government took over.
Part of the challenge in tracking how money was spent was the cash
environment and lack of electronic transfers.
Contractors were told to turn up with big duffel bags to pick up their
payments and some were paid from the back of pick-up trucks.
One picture shows grinning CPA officials standing in front of a pile
of cash said to be worth $2 million to be paid to a security
contractor.
Rep. Christopher Shays of Connecticut, a Republican, said the
photograph disturbed him. "It looks a little loose to me," he said, of
the smiling officials.
"I share your concern," said Bowen.
From Reuters, 6/21/05:
http://news.yahoo.com/s/nm/20050621/ts_nm/iraq_cash_dc_1
U.S. was big spender in days before Iraq handover
By Sue Pleming
WASHINGTON (Reuters) -
The United States handed out nearly $20 billion of Iraq's funds,
with a rush to spend billions in the final days before transferring
power to the Iraqis nearly a year ago, a report said on Tuesday.
A report by Democratic Rep. Henry Waxman of California, said in the
week before the hand-over on June 28, 2004, the U.S.-led Coalition
Provisional Authority ordered the urgent delivery of more than $4
billion in Iraqi funds from the U.S. Federal Reserve in New York.
One single shipment amounted to $2.4 billion -- the largest movement
of cash in the bank's history, said Waxman.
__________________________________________________________
Anyone gonna find out where all that taxpayer dough has gone? Or isn't
anyone interested.
Harry
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| User: "OptionARMpopeye" |
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| Title: Re: Where have all the billions gone? |
21 Jun 2005 07:08:47 PM |
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Ah, how can we forget the bomb lobbed at an empty al-Queda camp even
though intelligence which was strong at the time told of plans to
attack America. and how can we forget that 60% of CIA operatives were
lost to intelligence cut's while 90% of management stayed on? When did
that happen? During the last Clinton term. Who inherited it? We the
people did along with a large glass piggy bank. That is the past. We
lost most of our surplus due to the 9/11 attack, the effects linger due
to lost business and commerce. I am the Kind of democrat that wants to
see us win one once in a while and Deaniac behavior is chasing away
otherwise intelligent people, like a group of thespians for a WWE
match!
Again that was the past I believe Bill learned that lesson well and
that between his flair and Hillarys organizational skills and both of
their restraint they make a winning ticket. We are alienating the bulk
of American voters with our rhetoric and need to change it to avoid a
repeat of democrats electing a republican as happened in '04.
Woooo yaaahhhh Hillary/Bill '08
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| User: "tenjets" |
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| Title: Re: Where have all the billions gone? |
21 Jun 2005 08:22:21 PM |
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"OptionARMpopeye" <support@mortgageseeker.biz> wrote in message
news:1119398927.503077.67800@o13g2000cwo.googlegroups.com...
Ah, how can we forget the bomb lobbed at an empty al-Queda camp even
though intelligence which was strong at the time told of plans to
attack America. and how can we forget that 60% of CIA operatives were
lost to intelligence cut's while 90% of management stayed on? When did
that happen? During the last Clinton term. Who inherited it? We the
people did along with a large glass piggy bank. That is the past. We
lost most of our surplus due to the 9/11 attack, the effects linger due
to lost business and commerce. I am the Kind of democrat that wants to
see us win one once in a while and Deaniac behavior is chasing away
otherwise intelligent people, like a group of thespians for a WWE
match!
Again that was the past I believe Bill learned that lesson well and
that between his flair and Hillarys organizational skills and both of
their restraint they make a winning ticket. We are alienating the bulk
of American voters with our rhetoric and need to change it to avoid a
repeat of democrats electing a republican as happened in '04.
Woooo yaaahhhh Hillary/Bill '08
The stuff you post in response is as goofy as your original posts. You spout
oft-and rightly-discredited dribble and somehow turn that into a
Hillary/Bill ticket. Bizarre.
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| User: "Matt" |
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| Title: Re: Where have all the billions gone? |
21 Jun 2005 08:27:33 PM |
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OptionARMpopeye wrote:
Ah, how can we forget the bomb lobbed at an empty al-Queda camp even
though intelligence which was strong at the time told of plans to
attack America. and how can we forget that 60% of CIA operatives were
lost to intelligence cut's while 90% of management stayed on? When did
that happen? During the last Clinton term. Who inherited it? We the
people did along with a large glass piggy bank. That is the past. We
lost most of our surplus due to the 9/11 attack, the effects linger due
to lost business and commerce. I am the Kind of democrat that wants to
see us win one once in a while and Deaniac behavior is chasing away
otherwise intelligent people, like a group of thespians for a WWE
match!
No doubt. Nice recap. Now, where have all the billions gone?
Again that was the past I believe Bill learned that lesson well and
that between his flair and Hillarys organizational skills and both of
their restraint they make a winning ticket. We are alienating the bulk
of American voters with our rhetoric and need to change it to avoid a
repeat of democrats electing a republican as happened in '04.
Woooo yaaahhhh Hillary/Bill '08
President William Jefferson Clinton is not eligible to run for Vice
President. Sorry to shoot down your lead balloon.
Bye.
Matt
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| User: "Lenny the Liberal" |
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| Title: Where have all the billions gone - Part Deux |
21 Jun 2005 07:06:47 PM |
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WHERE HAVE ALL THE BILLIONS GONE
words and music by Larry Liberal
performed by Peter, Paul, and Larry
Where have all the BILLIONS gone?
Long time passing
Where have all the BILLIONS gone?
Long time ago
Where have all the BILLIONS gone?
Libs have spent them every one
When will they ever learn?
When will they ever learn?
Where has all the panderings gone?
Long time passing
Where has all the panderings gone?
Long time ago
Where has all the panderings gone?
Oh no, the well went dry
When will they ever learn?
When will they ever learn?
Where has all the socialism gone?
Long time passing
Where has all the socialism gone?
Long time ago
Where has all the socialism gone?
It's gone to Canada and France
When will they ever learn?
When will they ever learn?
Where have all the FLOWERS gone?
Long time passing
Where have all the FLOWERS gone?
Long time ago
Where have all the FLOWERS gone?
The Liberals sold them every one
When will we ever learn?
When will we ever learn?
http://www.lyricsfreak.com/p/peter,-paul-&-mary/107752.html
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