result #112066 - WHY WOULD THE GOVERNMENT SEND SO MUCH MONEY TO BAGHDAD?

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result #112066 - WHY WOULD THE GOVERNMENT SEND SO MUCH MONEY TO BAGHDAD?

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WHY WOULD THE GOVERNMENT SEND SO MUCH MONEY TO BAGHDAD?

[+] serious ballot by Kiki
ACTIVE Feb 07,2007 - Thu Feb 07, 08

This makes no sense to me - is there something I'm missing? Why do you think they did this? And where is all that money going?

The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis. 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.

Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House of Representatives Committee on Oversight and Government Reform. "Who in their right mind would send 363 tons of cash into a war zone? But that's exactly what our government did," the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.

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.

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,"' Bremer said. "So these shipments were made at the explicit request of the Iraqi minister of finance to forward fund government expenses, a perfectly, seems to me, legitimate use of his money," Bremer told lawmakers.

Because it was the stupid thing to do	12
To help rebuild?	7
I have absolutely no idea	3
What that guy Bremer said is true	2
To pay off Iraqi leaders for something (comment on what!)	2
The people in the Green Zone ran out of toilet paper	1
The insurgents were short on cash	0
Nothing promotes democracy like bundles of tens and twenties	0
To buy gunpowder?	0
They were going to use the cash bundles as paving bricks	0
That's where the oil is!	0

Ballot #112066: has 27 total votes.
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COMMENTS:
Voted : That's where the *oil* is!
And, as the old adage says, you gotta put a little in to get anything out...

by Truthseeker013 on Wed Feb 07, 07 2:19pm [+]

Voted : Because it was the stupid thing to do
"I think that the vice president is a person reflecting a half-glass-full mentality." --George W. Bush, interview on National Public Radio, Jan. 29, 2007

by elvislennon on Wed Feb 07, 07 3:13pm [+]

More total incompetence by the Bush Administration and the neocons.

by cranky on Thu Feb 08, 07 3:54am [+]

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