You CANNOT MISS CBS 60 Minutes on Sunday! "Billions Wasted In Iraq?"

[in_cog_ni_to]

Billions Wasted In Iraq?

Feb. 9, 2006
--------------------------------------------------------------------------------
(CBS) Some $8.8 billion dispersed for reconstruction efforts in Iraq is unaccounted for, says the U.S. official in charge of tracing it.

For a report to be broadcast this Sunday, Feb. 12, at 7 p.m. ET/PT,
60 Minutes correspondent Steve Kroft investigates the billions spent on reconstruction-related work, particularly money paid to a contractor, Custer Battles, now being sued for fraud.

Stuart Bowen, special inspector general for Iraq reconstruction, says $8.8 billion is unaccounted for because oversight on the part of the Coalition Provisional Authority, the entity governing Iraq after the war, "was relatively nonexistent."

The former No. 2 man at the Coalition's transportation ministry, Frank Willis, concurs. "I would describe (the accounting system) as nonexistent." Without a financial infrastructure, checks and money transfers were not possible, so the Coalition kept billions in cash to pay for its multitude of projects. "Fresh, new, crisp, unspent, just-printed $100 bills. It was the Wild West," says Willis. <snip>

:hi:

http://www.cbsnews.com/stories/2006/02/09/60minutes/main1302378.shtml

[wtmusic]

1. Is that 8.8 with 8 zeroes after it?

That's a lot of money!

[in_cog_ni_to]

4. It certainly is a lot of money and just WAIT until the SHEEPLE see this

story! The masses may revolt. :) (I know, wishful thinking)

[TahitiNut]

17. $8,800,000,000.00 ... that'd buy nice homes for every victim of Katrina

[wtmusic]

19. It's gonna buy GREAT homes for everyone on the board

at Halliburton.

[TahitiNut]

20. Vacation homes, too ... all over the world.

It seems the only 'work' these fascist fat cats are doing is running around and catching all the dollars being dumped overboard from our "ship of state" into their yachts.

[Canuckistanian]

2. Custer Battles

Here are some Custer Battles employees making off with some of that money.

[in_cog_ni_to]

6. I remember reading about this when it first happened and then

the story was BURIED....like eveything else bad that happens.

[Canuckistanian]

13. You'd think $8.8 Billion would turn some heads

That amount alone could end child poverty in the US.

[in_cog_ni_to]

15. Child poverty? What's child poverty?

:sarcasm: Just wait until mainstream America sees this story. That's THEIR TAX DOLLARS! They will NOT be happy.:) It's time for the sheeple to wake up, starting Sunday night.:)

[serryjw]

18. No wonder they are smiling

IF they admit to $8.8 can you imagine how much it REALLY is?

[Faygo Kid]

3. We all predicted this here. It will make no difference. Nothing seems to

Look at today's headlines. And the last few years. Richard Clarke was right on. And over and over again, his analysis has proven true. The media is underreporting intentionally yet again. This administration can do anything it wants, and only a few voices speak up. Like DU. Thank God. It's not enough.

[SmokingJacket]

5. Why the question mark?

They came out and told us they lost, what? A trillion?

[in_cog_ni_to]

10. I don't know, but I hope they ANSWER that question on the show! n/t

[FreedomAngel82]

7. Oooo that's going to be good

:popcorn:

[CatholicEdHead]

8. Most people will have NBC on that time

for the Olympics. :(

[in_cog_ni_to]

11. You think? I haven't watched the Olympics in YEARS...since childhood.

I think 60 Minutes will pull a HUGE audience of faithful viewers.:)

[Serenades]

9. GD

Goddy damn, my friend.

[Mr Rabble]

12. How much did Yulos oil sell for again?

Who bought Yukos oil?

[Mayberry Machiavelli]

14. Gee I wonder how much wound up at RW think tanks, RW media, Repub

campaign coffers, and personal Repub bank accounts? :shrug:

[benny05]

16. This is not news

My god, many of us knew the DOD was giving away millions to Halliburton, who through their contracting subsidiaries, couldn't account for the money 2 %^$#in' years ago. Corporate media are worthless in many respects.

[in_cog_ni_to]

21. It's not news to political junkies, but mid-america doesn't have a CLUE

this happened.

[benny05]

23. With all due respect, as another Du'er pointed out

Most of mid-America, as I, will be watchin' the Olympics, which is why CBS is now getting the bull by the horns, but in actuality, it will be a bull without his cajones.

The Rethugs own Corporate Media, including CBS.

[converted_democrat]

22. Oohh.. I'm going to ask my puke family members watch.. They might not

listen to me, but they will listen to 60 Minutes.

[upi402]

24. k/r

[dflprincess]

25. And just tonight I heard on the news that anyone who falsely

claimed to be a Katrina victim and got one of the cash cards FEMA was handing out will be prosecuted. Yet mention wa made of the missing money in Iraq.