talk2bob

I am sure Adam means well, but he is WRONG..

$6.6 billion in lost Iraq cash now accounted for, inspector says By Laura Rozen | The Envoy – 6 hrs ago It's a rare day when positive news surfaces from the frontlines of Iraq's post-occupation government--or from its troubled economy. However, a U.S. Iraq inspector general report that concluded this week that $6.6 billion in shrink-wrapped cash the U.S. government previously feared had gone missing in the chaotic early days of the Iraq occupation has in fact been safely accounted for. "The mystery of $6 billion that seemed to go missing in the early days of the Iraq war has been resolved, according to a new report," CNN national security producer Charles Keyes reported Wednesday. "New evidence shows most of that money, $6.6 billion, did not go astray in that chaotic period, but ended up where it was supposed to be, under the control of the Iraqi government, according to a report from the office of the Special Inspector General for Iraq Reconstruction or SIGIR..... more at http://news.yahoo.co...-153935856.html --- The Whole Story --- It's a rare day when positive news surfaces from the frontlines of Iraq's post-occupation government--or from its troubled economy. However, a U.S. Iraq inspector general report that concluded this week that $6.6 billion in shrink-wrapped cash the U.S. government previously feared had gone missing in the chaotic early days of the Iraq occupation has in fact been safely accounted for. "The mystery of $6 billion that seemed to go missing in the early days of the Iraq war has been resolved, according to a new report," CNN national security producer Charles Keyes reported Wednesday. "New evidence shows most of that money, $6.6 billion, did not go astray in that chaotic period, but ended up where it was supposed to be, under the control of the Iraqi government, according to a report from the office of the Special Inspector General for Iraq Reconstruction or SIGIR." Stuart Bowen, the special inspector general for Iraq reconstruction, had previously testified that as much as $6.6 billion of the $10 billion the United States shipped to Iraq had disappeared due to "weaknesses in [the Department of Defense's] financial and management controls," Keyes wrote, citing the bureaucratese from a previous SIGIR report. The cash had in part been drawn from Iraq's own international assets, accrued during the pre-war, UN-run Oil for Food program. It was flown to Iraq in the wake of the U.S. 2003 invasion; the idea was that it would help pay for the Iraq reconstruction and development efforts under the Coalition Provisional Authority, the U.S.-led occupation outfit that dissolved in 2004. The original idea was to store most of the money in accounts in the Central Bank of Iraq; U.S. occupation authorities also apparently stored a few hundred million in a vault at one of Saddam Hussein's palaces they used as their headquarters for various cash needs. After the Coalition Provision Authority dissolved in 2004, however, it wasn't clear where the funds had gone, the previous SIGIR report said. But apparently, the money was properly transferred to accounts held at the Central Bank of Iraq, the new SIGIR report found. "But the inspector general's new report says almost all the $6.6 billion was properly handed over to Iraq and its Central Bank," Keyes writes. "'SIGIR was able to account for the unexpected [Development Fund of Iraq] funds remaining in DFI accounts when the [Coalition Provisional Authority] dissolved in June 2004,' the new report says. 'Sufficient evidence exists showing that almost all of the remaining $6.6 billion remaining was transferred to actual and legal [Central Bank of Iraq] control.'" This is not to say that the mystery of all the billions and billions the U.S. spent in Iraq has been entirely resolved. The SIGIR report says that inspectors are still trying to piece together the fate of some of the few hundred million that U.S. officials stowed at one of Saddam Hussein's former palaces. "While the bulk of the money was transferred to the Central Bank of Iraq, $217 million remained in a vault in a former presidential palace and was held by the U.S. Defense Department and most was doled out for a variety of projects and payrolls, the report says," Keyes reported. A February 2008 SIGIR audit found that $24.45 million of the $217 million stored at the palace vault remained, and was later turned over to Iraq. The next SIGIR report on DoD spending on contracting projects in Iraq is expected in January 2012--after the formal withdrawal of the last U.S. troops from the country.

PERSONALLY, I AM BEGINNING TO BELIEVE THIS OKIE GUY IS AN UNEDUCATED NERD OR NITWIT WHO LIVES AT HOME WITH HIS MOTHER.

AT LEAST WE ALL KNOW WHERE Good Intel CAME FROM... OKLAHOMA! OKIE IS A FLAKE

OLD VIDEO FROM DECEMBER 2010

The rate will not be less than $3.86. As I said earlier he will not tell me the exact rate. NOT YOU OR ANYONE KNOWS THE RATE.. USING COMMON SENSE IT SHOULD COME OUT AROUND $0.86 TO $1.00. WE ALL HAVE HOPE AND WANT THE DINAR TO RV AS HIGH AS POSSIBLE. I LIKE THIS SITE, BUT GUYS, PLEASE STOP THE B.S. IT MAKES NO SENSE AND MAKES YOU LOOK FOOLISH

TOTAL B.S. THIS GUY SHOULD BE ASHAMED OF HIMSELF.. HE COULD HAVE MENTAL ISSUES IS GUESS

What makes a person want to tell a whopper? Perplexed! Could it be Pinocchio syndrome?

NO OFFENSE BUT OKIE HAS NO IDEA WHAT'S GOING ON IN IRAQ. HE HAS NO IDEA WHAT HE'S TALKING ABOUT

NO THE KWD DID NOT RV YESTERDAY. NO THE IQD WILL NOT RV TODAY. Don't quit your day job!

Total BS.. Which Bank? Very well known bank, like this would be a secret!! Good God... what a bunch of crap! "just arrived at a VERY well known bank about 3 hrs ago"

SUCH A LOAD OF B.S. THIS MAKES NO SENSE.. I CAN'T BELIEVE YOU THINK PEOPLE BELIEVE THIS NONSENSE. THE RV WILL HAPPEN.. SO WHY WOULD THIS OKIE GUY MAKE UP SO MUCH B.S.? IT IS SO EMBARRASSING BINGO.. YOU ARE RIGHT.. THIS OKIE STUFF IS TOTAL BUNK

YES LIFTING FROM THE VALUE THE RATE WILL BE AT $ .85 THEY SAID IT IS DONE THEY ARE WAITING FOR THE ANNOUNCEMENT FROM CBI DELTA Who are/is "THEY"; "Santa Claus", "Easter Bunny" or "Harvey".. Such a load of garbage.. B.S. artist.

[Rich Queen] OK LISTEN UP!!!! BREAKING NEWS!!! JUST GOT CONFIRMATION FROM MORE THAN ONE SOURCE - INCLUDING OMNIGIRL THAT WE HAVE LIFTOFF!!! WE WILL DEFINITELY BE IN THE BANK TOMORROW!!!!!!!!! WHOO HOO! This looks like the same posting we have been reading on a daily basis. No offense, but in my opinion, this Okie is a major league B.S. artist. Some people get a kick out of B.S. and he is certainly one of those type. I like reading these forums, but I don't care for these stories that are blatantly false. It insults our intelligence.

SOMEONE PLEASE TELL ME IF THIS LETTER IS BOGUS OR REAL. IF IT'S BOGUS, IT'S A ROTTEN TRICK. IF IT'S REAL, THEN WE HAVE BEEN SCAMMED