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February 6, 2007
Pallets Of Cash - Billions
-- by Dave Johnson
Well, years later it's finally hitting a mainstream outlet - the Bush administration sent pallots of cash to a war zone, and didn't have any way to track where it went (which was probably the plan): U.S. sent pallets of cash to Baghdad,
The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes ...And where did it go?... Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve...
On December 12, 2003, $1.5 billion was shipped to Iraq, initially "the largest pay out of U.S. currency in Fed history," according to an e-mail cited by committee members.
It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 28.
Posted by Dave Johnson at February 6, 2007 7:53 PM
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Comments
As Randi Rhodes said all along: they create chaos because it makes it easier to steal. Exactly.
Posted by: richard ![[TypeKey Profile Page]](http://www.seeingtheforest.com/nav-commenters.gif)
at February 7, 2007 4:04 PM
This has happened before.
So, Mr Bremer, where did all the money go?
Thursday July 7, 2005
http://www.guardian.co.uk/Iraq/Story/0,2763,1522983,00.html
When Paul Bremer, the American pro consul in Baghdad until June last year, arrived in Iraq soon after the official end of hostilities, there was $6bn left over from the UN Oil for Food Programme, as well as sequestered and frozen assets, and at least $10bn from resumed Iraqi oil exports.
Posted by: Anonymous at February 7, 2007 7:28 PM
So, is this the initial $9 billion that was reported missing early-on in the war? Or is it additional to it? It has to be widespread.
Posted by: Matt Janovic at February 8, 2007 6:10 PM
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