Billions over Baghdad

Between April 2003 and June 2004, $12 billion in U.S. currency--much of it belonging to the Iraqi people--was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's ... Full Story »

Posted by Fabrice Florin

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Review

Veronica Barlee
4.0
by Veronica Barlee - Oct. 1, 2008

excellent analysis of the lack of financial controls and corruption in the American occupation of Iraq and the reckless squandering of billions of Iraqi funds.

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