NY Fed's $40 Billion Iraqi Money Trail

CNBC:

It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to all the money involved has become one of the biggest financial mysteries of all time.

Read the whole story: CNBC

Comments

[GomezAddams]

10:40 AM on 10/26/2011

Bush loses over a trillion dollars and the Republicans write it off as an accounting glitch. President Obama spends the money to try and drive America out of a ditch and he is a Socialist trying to destroy America.

Military waste under fire / $1 trillion missing -- Bush plan targets Pentagon accounting
http://articles.sfgate.com/2003-05-18/news/17491492_1_pentagon-gao-financial-accounting

Other Dammit momnets from the Bush Administration:

$9 billion lost by Bush
http://edition.cnn.com/2005/WORLD/meast/01/30/iraq.audit/

Bush’s Legacy Of Squandering Taxpayer Money
http://thinkprogress.org/politics/2008/09/21/29510/bush-legacy-taxpayer-funds/

BBC uncovers lost Iraq billions
http://news.bbc.co.uk/2/hi/middle_east/7444083.stm

What the Bush tax cuts have cost America.
Tax Returns: A Comprehensive Assessment of the Bush Administration's Record on Cutting Taxes
http://www.cbpp.org/cms/index.cfm?fa=view&id=1811

[grainysmith]

10:29 AM on 10/26/2011

Why is the money not able to be tracked? Every bill has it's own number. It must be somewhere.

[SoapboxKing]

11:32 AM on 10/26/2011

It gets washed. By the time the number shows up again, it will be through a legitmate source.

[grainysmith]

11:41 AM on 10/26/2011

When you are bringing so much cash into a war zone it should be treasonous to not know where it is at all times. How many soldiers died because this money fell into the wrong hands? Maybe this war could have ended sooner. Better yet not even started in the first place.

[Fred Hood]

10:22 AM on 10/26/2011

how far would this amount of money helped us if not given away....the ones who we put in charge of our finances need to pay for this one

[Fred Hood]

10:20 AM on 10/26/2011

when and if ever we look at the off shore accounts of our leaders we may find some of this fortune....

[HowlingCoyote]

10:15 AM on 10/26/2011

The missing 40 Billion dollar caper has Cheney written all over it. Halliburton to transport the money and Blackwater to watch over it. Classic inside job.

Proof: The cover of an illicit war used as an excuse to loot the treasury and people of the United States.

When Paul Bremer was asked under oath by congress to show receipts for where the money had gone, he had no answers. He should have been shackled and thrown in jail. And if needed, maybe given enhanced interrogation to help him remember.

Is there any Republican outrage over this missing 40 billion? Not interested. Too busy worrying about birth certificates, breaking up teacher's unions, restricting voter's rights and legislating women's uteruses. Just business as usual. Missing 40 billion.... not a problem.

[MISTERUNCONVENTIONAL]

09:55 AM on 10/26/2011

Americans toil for $15 an hour meanwhile some friends of Bush simply walk off with $40B.

Sigh.

It makes ME wonder why Reagan bothered selling arms to Iran. Couldn't he just have shipped a pallet load like this to the Contras?

Next question. Where does this $40B show up on the Federal Budget. Or did Bush simply "borrow" this, like the rest of the financing of the war. So now it's part of the $15T debt Obama is continually blamed for.

You think America can survive when stuff like this goes on? I don't.

[dpooch]

09:46 AM on 10/26/2011

They put it in Bush and Cheney shell Corp's

[flsense]

09:44 AM on 10/26/2011

Baggers ask your GOP rep where your tax money went. Bet it found its way into the pocket of their donors.

[asiclilpup]

09:42 AM on 10/26/2011

A great whodunit story. C'mon Hollywood !!

[BeerLover]

09:09 AM on 10/26/2011

YEs, let's just give them untraceable cash! That'll work. Heh heh.

[pitako8]

09:09 AM on 10/26/2011

Who ships cash? That much cash! ... Except when there are obvious plans of losing the money without a trace. This is outright sanctioned theft.

[thedanjo]

09:05 AM on 10/26/2011

It's probably 9/11 hush money

[BeerLover]

09:04 AM on 10/26/2011

Where are the trolls defending bush on this??!

No doubt, the money was split between bush and cheyney.....with a few scraps to Rumsy, Condi and whoever else was in on the heist.

[Hiphopcrates]

09:00 AM on 10/26/2011

The Texas Miracle.

[lostnacfgop]

08:58 AM on 10/26/2011

Pallets of cash that nobody talks about anymore . . . a story so absurd that one wonders if the Riddler and the Joker were somehow involved . . .