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The US Department of Defense has a budget in the hundreds of billions, and a hefty chunk of that, funds tied to former Iraqi President Saddam Hussein, have disappeared.

Fariborz-Zak 2012/06/18 07:48:28
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RT.com:The Pentagon says more than $100 million cash that was supposed to be at Hussein’s Baghdad palace and upwards of $1.7 billion held at the New York Federal Reserve have disappeared in thin air. The Special Inspector General for Iraq Reconstruction has been investigating the mysterious funds since before the US even wrapped up its war overseas, and still unable to make sense of the missing money. The Pentagon has confirmed that they just don’t know where the nearly $2 billion has gone.

In the official report by way of the Special Inspector General’s office, the absent funds are accounted as a “records management” error. Stuart Bowen, the special inspector-general in charge of the audit, tells National Journal that the mistake could make things worse for Iraqi-American relations, even after the war overseas has “officially” ended.

"It's symptomatic of the poor record keeping that was rife throughout the early stages of the reconstruction effort,"Bowen tells the National Journal. Bowen has conducted three other large audits over the funding placed in American hands, which has accounted for roughly $21 billion since the US took control of Iraqi assets at the onset of the war.

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  • ehrhornp 2012/06/18 08:05:40
    not funny
    ehrhornp
    Actually a large chunk of the country's assets disappeared in Iraq. Not surprising considering the party of fiscal responsibility was in charge. Republicans do the opposite of what they present so they are actually the party of fiscal irresponsibility
  • HarleyCharley 2012/06/18 07:59:34
    not funny
    HarleyCharley
    +1
    the government is totally corrupt...
  • Fariborz-Zak 2012/06/18 07:49:56
    funny
    Fariborz-Zak
    so funny

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2014/07/28 14:23:49

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