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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 ...

... 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.

And where did it go?

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] 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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