lost us money

[BJCRAZYZ]

http://www.abcnews.go.com/Politics/wireStory?id=2854955

[Rick_R]

they are looking for "oversight" the money, that belonged to the Iraqi gov't, was given back to them, end of oversight. This wasn't US's cash, it was funds belonging to Iraq being held by the US. They asked for it back it was given, done over finished.
just someone trying to paint a headline with a wide brush.

[BJCRAZYZ]

they are looking for "oversight" the money, that belonged to the Iraqi gov't, was given back to them, end of oversight. This wasn't US's cash, it was funds belonging to Iraq being held by the US. They asked for it back it was given, done over finished.
just someone trying to paint a headline with a wide brush.
i thought i miss read it after your post, so i reread it and pulled thisform the article
the largest pay out of U.S. currency in Fed history," am i misunderstanding something here, if so, correct me

[Maliboost]

the way I understood it they wanted thier money back, & somehow it got "lost". So we (the U.S. Govt) sent tax money over again to cover it & NOW they dont have accountability of where the U.S. Money went. mind you this was abc/cbs/nbc news so............ take it for what its worth.

Bob

[George Klass]

It's not a matter of just because it was on the national news it should be a "take it for what it's worth". They can't (or won't) account for who recieved the money, pure and simple.

And why in hell did the money need to be in cash? Who is going to answer that one? Say what you will, that is alot of money and I can't for the life of me understand why you guys are giving it such little attention.

The same people that piss and moan when they have to get new seat belts, sit on their asses and say NOTHING when American CASH winds up going missing and unaccounted for in a war zone.

Deep Throat said "follow the money" and this amount of money makes Watergate look like nothing. Come on you over patriotic Republicans, stand up and ask "where is it and who recieved it". Are you so used to political corruption that nothing matters to you anymore?

And you wonder why I choose not to vote?

[nos351]

"Who in their right mind would send 363 tons of cash into a war zone?" said Rep. Waxman.

I ask the same question.
This IMO definately needs further investigation.

[Rick_R]

The money, which had been held by the United States, came from Iraqi oil exports, surplus dollars from the U.N.-run oil-for-food program and frozen assets belonging to the ousted Saddam Hussein regime.
The article clearly states that is the property of Iraq
The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad
The total was over 4 billion actually over 5.5
On December 12, 2003, $1.5 billion was shipped to Iraq, initially "the largest pay out of U.S. currency in Fed history," according to an e-mail cited by committee members.
It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 28.

It went in 3 installments.
Paul Bremer, who as the administrator of the Coalition Provisional Authority ran Iraq after initial combat operations ended, said the enormous shipments were done at the request of the Iraqi minister of finance.
"He said, 'I am concerned that I will not have the money to support the Iraqi government expenses for the first couple of months after we are sovereign. We won't have the mechanisms in place, I won't know how to get the money here,"'

At there request, to fund the new gov't. I guess since they are new people dealing with them want to get paid in a stable currency in cash.

[George Klass]

Now come on YB members, let's all take a big step back and look at this thing. I see on these boards almost daily, posts from people that don't trust the NHRA, don't trust SFI, don't trust Nancy P., Hillary C., don't trust NBC, ABC, CBS, CNN, the L.A. Times, the NY Times, the Washington Post, and on and on, ........... and yet, how come when somthing like this comes up, a story that is almost too unbelievable to believe, the right wing hard liners on this board become strangely quiet?

Maybe nothing that happened was wrong. Maybe there is a good, logical answer to the question (what happeed to the cash and who recieved it?) but so far, the Republican Senators and Congressmen have been VERY reluctant to tell us the anwsers.

This whole thing smells funny and in my opinion, the public deserves some answers.

[nos351]

I havent research this, but seems it would be easier to continue with the currency that was being used under Saddam. Announce that once established the new government would either keep the same currency or offer a new one with the old
currency allowed to be turned in for the new one. Not sure how they actually did it. Sounds like they used greenbacks.

[George Klass]

I read that report from someone in Washington that said, "Oh, nothing to worry about. It was just Iraqi money and we were holding it for them."

So let me get this straight. Saddam Hussein deposited billions of dollars over here in the U.S. banks (all under the control of the feds)? Somone has been smoking way too much rope if they expect me to believe that one.

[BJCRAZYZ]

Now come on YB members, let's all take a big step back and look at this thing. I see on these boards almost daily, posts from people that don't trust the NHRA, don't trust SFI, don't trust Nancy P., Hillary C., don't trust NBC, ABC, CBS, CNN, the L.A. Times, the NY Times, the Washington Post, and on and on, ........... and yet, how come when somthing like this comes up, a story that is almost too unbelievable to believe, the right wing hard liners on this board become strangely quiet?

Maybe nothing that happened was wrong. Maybe there is a good, logical answer to the question (what happeed to the cash and who recieved it?) but so far, the Republican Senators and Congressmen have been VERY reluctant to tell us the anwsers.

This whole thing smells funny and in my opinion, the public deserves some answers.george, i am a republican, and i am asking??? my concern isnt who the money rightfully belongs to, but more importantly what happened to it, it was in us funds!! i would hate for our dollars to fall in the hands of some of some terrorist and turn around and buy a nuke with us currency, its just the principal of the whole thing for me

[nos351]

Some of the money could very well have been left over frozen assets from Gulf war I. However, Saddam had changed to demanding oil payments in Eurodollars
prior to the present war and converting Dollar denominated holdings to Euros.
That itself was a threat to the US. Most people dont know that. I believe that was one of the top reasons for taking Saddam out. But that is a thread in itself and very complicated. Side note....Iran and Venuzuela trying basically the same thing.

[George Klass]

It does seem like there are alot of unanswered questions about this whole thing doesn't it? I guess it just hasn't come up on Rush's or Hannity's radar screen yet, LOL, they are too busy busting Nancy's chops over her air transportation from DC to California.


I'm a naturally suspicious guy when it comes to Washington DC and when it comes to sending American money (in cash) to who knows who, in the country we are supposedly at war with, I'm even more suspicious.

[nos351]

Sending cash makes no sense......unless its use was for corrupt reasons IMO.

[O.C White]

I'm a naturally suspicious guy when it comes to Washington DC and when it comes to sending American money (in cash) to who knows who, in the country we are supposedly at war with, I'm even more suspicious.

Well hello big mouth, just as usual you flip flop more than a hamburger. I thought you said we were not at war with Iraq or it's citizens? Now you are saying we are at war with Iraq.

When you talk like this flip flopping, it is hard to keep up with anything. Anyone forget or maybe thought out loud all that money the 3rd I.D found, and the 2nd Battalion 5th Marines found might be part of this or maybe this is just an old story resurfacing?

[nos351]

Anyone forget or maybe thought out loud all that money the 3rd I.D found, and the 2nd Battalion 5th Marines found might be part of this or maybe this is just an old story resurfacing?

I thought about that also, but couldnt remember how much they found.

[Shelton_Barrs]

Now I would love to know what happened to the money, honestly. I would like to see an exact accounting of where the money went. Just like I would see an exact accounting of where all the Katrina money went and all the 9/11 money went. I figure this is kind of the same deal. Lot of balls up in the air, huge rush to get money in to peoples hands. And the same people now acting surprised over the lack of oversight and accounting are the same ones who have been screaming over how long the process would have been to do it right up front.

[Rick_R]

Now I would love to know what happened to the money, honestly. I would like to see an exact accounting of where the money went.
Now that money was the property of iraq, It was returned. Thats all you have the right to know. If you loose you wallet and some good Samaritan returns it, does that give him the right o know how you spend your money. It was iraq's money so what if it was paid in US dollars or pesos or dinars or a check. It was new country and no one had/has faith in their currency they needed a Hard currency to conduct business with. It was not you tax dollars that went there you have no right to know how they spent it. They could of used it for toilet paper for all i care.

[George Klass]

Rick, here is a question for you to ponder. Saddam Hussein, an enemy of the USA, keeps Iraqi money in US banks? US banks, where our government, his enemy, can freeze is at any time we please? With all the banks there are in the world, including Swiss banks, etc., what part of "it was their money anyway" makes any sense to you?

I'm not buying that story. I smell a rat.

[SilverFox]

I'm not buying that story. I smell a rat.

Yup, a big dead stinky swole up one!!!!!!!!!!

[Rick_R]

Rick, here is a question for you to ponder. Saddam Hussein, an enemy of the USA, keeps Iraqi money in US banks? US banks, where our government, his enemy, can freeze is at any time we please? With all the banks there are in the world, including Swiss banks, etc., what part of "it was their money anyway" makes any sense to you?

I'm not buying that story. I smell a rat.
The story says
The money, which had been held by the United States, came from Iraqi oil exports, surplus dollars from the U.N.-run oil-for-food program and frozen assets belonging to the ousted Saddam Hussein regime.

[George Klass]

And you want to beleve that? You want to believe that "frozen Iraqi assets" were turned into US dollars, flown in US planes, given to to a US diplomat (L. Paul Bremer) to disburse to...............well, to whom, and for what purpose?

Nothing about this story makes sense to me.

Follow the money.

[Rick_R]

No I want you to believe that, That way I can spent some of it that is stashed in my back shop, Th chit is taking up so much room that I don't have nay room to work on my cars. I can 't spent it if you guys keep it "hot". :smt082

[George Klass]

Way to go Rick, I support you 100% on your cut, you deserve it. You are, after all, a member of YellowBullet.com.

[nos351]

No I want you to believe that, That way I can spent some of it that is stashed in my back shop, Th chit is taking up so much room that I don't have nay room to work on my cars. I can 't spent it if you guys keep it "hot". :smt082


Can I suggest a bank in the Caymans?:smt115

[Shelton_Barrs]

Now that money was the property of iraq, It was returned. Thats all you have the right to know. If you loose you wallet and some good Samaritan returns it, does that give him the right o know how you spend your money. It was iraq's money so what if it was paid in US dollars or pesos or dinars or a check. It was new country and no one had/has faith in their currency they needed a Hard currency to conduct business with. It was not you tax dollars that went there you have no right to know how they spent it. They could of used it for toilet paper for all i care.

I would agree with you except that I seem to remember hearing that the Iraqi money that was being held by the U.S. was going to help pay for the cost of restruction and the war, that is why it was being released. If I am mistaken, then fine, their money, their problem.