$6.6 Bil in Cash Was Lost or Stolen by Bush Officials, Contractors or Their Counterparts in Iraq

Part of the haul
Part of the haul
There has been a development in the most under-reported incident of the post-invasion phase in Iraq. To wit: In 2003 and 2004 the Bush administration appropriated $12 billion in cash from the Federal Reserve, shrink-wrapped it into bricks — 363 tons of $100-dollar bills — loaded it into C-130 Hercules transport planes and flew it into the Iraqi hot zone, where most of it disappeared.

This was easily the most money ever air-lifted into a war zone. It may also prove to be the most lucrative heist of all time. Investigators say a little over half of it — $6.6 billion — is missing.

That’s right — $6.6 billion in taxpayer dollars funds seized by the UN from Iraqi oil revenues was either lost or stolen:

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