Wednesday, June 11, 2008

War....what is it good for?

BBC uncovers lost Iraq billions
"A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq.
For the first time, the extent to which some private contractors have profited from the conflict and rebuilding has been researched by the BBC's Panorama using US and Iraqi government sources.
A US gagging order is preventing discussion of the allegations.
The order applies to 70 court cases against some of the top US companies.

While George Bush remains in the White House, it is unlikely the gagging orders will be lifted.
To date, no major US contractor faces trial for fraud or mismanagement in Iraq."

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Global Dashboard : Audit results of Iraq’s 2007 oil sales and revenue flow conducted by Ernst & Young questioned 13.8 million barrels of oil produced but unaccounted for last year; a continued lack of metering throughout the oil value chain; $849 million deposited the wrong place ....

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File under : bringing democracy to the Middle East, the war on terror, weapons of mass destruction, links to al-Qaeda, defending the national security of the U.S., yellowcake uranium, etc.

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