Iraq’s Missing Billions

[The One]

The British and American coalition which had overthrown Saddam Hussein was given a very special responsibility by the United Nations. It was given trusteeship of more than 20 billion dollars that belonged to the people of Iraq. Over the next 40 months, it spent almost all of it. Yet, no one can account for where it all went. Literally billion of dollars have gone missing.

In this revealing documentary, Dr. Ali Fadhil, a young Iraqi doctor, sets out to learn what has led to the catastrophic results when money was put into the care of the U.S. led coalition. What emerges is a disturbing tale of corruption and fraud. As word spread of the kind of money that could be made in Iraq, foreign contractors negotiated deals fast and furiously.

There was no oversight of projects. “As trustees, we did a very poor job,” admits Frank Willis, a senior member of the Coalition Provisional Authority (CPA). “We should have spent the money on the Iraqi people, rather than putting it in the pockets of foreign business.” According to the United States’ own figures, Iraq’s essential services are worse than before the war, with the country producing less electricity, oil or clean water

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[Maia Gabrial]

Good job doing a lousy job, UN!
:sorry:

[Lord Sidious]

So the western powers suck more than Saddam did?
We were right all along.

[58andfixed]

"The Iraq war will cost little, and Iraq oil will pay for it."

http://watchingthewatchers.org/news/624/iraq-war-cost-little-and-iraq-oil

Lee Russ
Sunday, June 18, 2006

"If you can remember that far back, before the invasion of Iraq, Dick Cheney and friends were arrogantly sure that:
- (a) the cost of the war would be minimal, and
- (b) Iraq's oil revenue would fund reconstruction efforts;
it would virtually be a no-cost war, one that paid for itself."

"Then, reality met fantasy and, as usual, reality prevailed."

"Sunday, January 19, 2003: "


...

More at the URL.

Just more promises that many citizens bought, as the story seemed to sell so well.

- 58

[Davidallany]

20 billion dollars that belonged to the people of Iraq

Thank you for the information The One, I strongly believe that the 20 billion equivalency of resources belongs to the whole world, in and outside of Iraq. The planet it's resources and us are no one's property.

[fathertedsmate]

look no further than the rise of blackwater