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The U.S.-run administration in Baghdad failed to keep track of nearly $9 billion of money it transferred to various Iraqi ministries, according to an official audit released Sunday.
The report by the U.S. Special Inspector General for Iraq Reconstruction says that the now defunct U.S.-led Coalition Provisional Authority (CPA) did not exercise adequate managerial control over funds paid to Iraqi government ministries, which employ hundreds of experts from the United States.
This resulted in potentially widespread corruption, including paying salaries to "ghost" employees, and led to the eventual disappearance of $8.8 billion between early 2003 and mid-2004.
Considering the war costs about 1 Billion a week, thats about a month and a half of financiing for this pet project of Fürher Bush's. The rate at which the current administration spends and now looses money its suprising we can still say the economy is afloat at all. 9B missing, 1B a week for the war, 40M for the Inaguration, talk about tossing around money.
Originally posted by CmptrN3rd5
So what do you guys think it actually went to? I know theres lots of things but what are some ideas on your mind?