How the eff do you lose 8.7 billion dollars. I 'get' that - when dealing with this much money, you may not be able to account for every penny, but we're talking about 95% $9.1B that has been looted or plundered. Must be nice to have access to that kind of money and know that there's no oversight or accountability. I wonder who's pockets this money really went to! Terrorists? Corrupt officials? All of the above? Pathetic :dis: LINK
From your article link: The $9.1 billion in question came from the Development Fund for Iraq, which was set up by the U.N. Security Council in 2003. The DFI includes revenues from Iraq's oil and gas exports, as well as frozen Iraqi assets and surplus funds from the defunct, Saddam Hussein-era U.N. oil-for-food program. Not an expert in the field but that is where I would start
The DOD has a long history of not being able to account for anything. They are famous for plugging variances to balance their balance sheet, for understating expenses, and their budgeting practices are terrible. There is no control environment there, and until there is a decent understanding of internal control stuff like this will always happen.
Let's see, I think I can straighten this accounting snafu out, how to find $8.7 billion. 39 cases of nuts and bolts 12 toilet seat covers 82 Coffee pots 27 Spark plugs Carry the one... and that is about $8.7 billion.
he did start it ya know. Emergency Economic Stabilization Act of 2008 - Wikipedia, the free encyclopedia
