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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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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
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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