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September 29, 2007

Accounting the US government style

by @ 6:29 pm. filed under Corruption, Iraq, USA

As Vanity Fair reports, in 2003 the US Pentagon gave $12 bn cash to a small company named Coalition Provisional Authority (C.P.A.) residing in a living room to dispurse it in Iraq. I wonder, that they only lost $9 billion. Of course, no one is able to explain, what happened with that money, because the C.P.A. had no accountants working with them. No one has any idea, wheather that money went to US companies like Blackwater, Iraqi insurgents or if it was just stolen after the pallets arrived. No problem, the money was property of Iraq, that didn’t need any accounting and there was enough pallets there for everybody.

One may also see a video at Democracy Now with an interview with the journalists who uncovered the story. Maybe some cats found the money as it dropped from the pallets.

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