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Originally posted by vipertech0596
reply to post by ThisIsMyName
Nope, the information wasnt destroyed on 9/11/01. It was still there and as of April 2002, they had narrowed the amount of transactions that needed more documentation to under 700 billion and dropping as they updated the computers and discovered accounting errors.
Originally posted by rstregooski
OP poster here.. The fact remains, an amount of money that large missing, being reported as unaccounted for, transactions as they called it. The very day before 9/11... It's just one of the many weird coincidences on 9/11.
Zakheim Seeks To Corral, Reconcile 'Lost' Spending
By Gerry J. Gilmore American Forces Press Service
WASHINGTON, Feb. 20, 2002 -- As part of military transformation efforts, DoD Comptroller Dov S. Zakheim and his posse of accountants are riding the Pentagon's financial paper trail, seeking to corral billions of dollars in so-called "lost" expenditures.
For years, DoD and congressional officials have sought to reconcile defense financial documents to determine where billions in expenditures have gone. That money didn't fall down a hole, but is simply waiting to be accounted for, Zakheim said in a Feb. 14 interview with the American Forces Information Service. Complicating matters, he said, is that DoD has 674 different computerized accounting, logistics and personnel systems.
Most of the 674 systems "don't talk to one another unless somebody 'translates,'" he remarked. This situation, he added, makes it hard to reconcile financial data.
Billions of dollars of DoD taxpayer-provided money haven't disappeared, Zakheim said. "Missing" expenditures are often reconciled a bit later in the same way people balance their checkbooks every month. The bank closes out a month and sends its bank statement, he said. In the meanwhile, people write more checks, and so they have to reconcile their checkbook register and the statement.
DoD financial experts, Zakheim said, are making good progress reconciling the department's "lost" expenditures, trimming them from a prior estimated total of $2.3 trillion to $700 billion. And, he added, the amount continues to drop.
"We're getting it down and we are redesigning our systems so we'll go down from 600-odd systems to maybe 50," he explained.
Pentagon's finances in disarray Money managers make adjustments of nearly $7 trillion
By JOHN M. DONNELLY
Associated Press writer
WASHINGTON - The military's money managers last year made almost $7 trillion in adjustments to their financial ledgers in an attempt to make them add up, the Pentagon's inspector general said in a report released Friday.
The Pentagon could not show receipts for $2.3 trillion of those changes, and half a trillion dollars of it was just corrections of mistakes made in earlier adjustments.
Originally posted by filosophia
The 2.3 trillion happening a day before 9/11 and then the pentagon getting attacked, that's too coincidental.
Originally posted by Pervius
How could DOD lose track of $2.3 Trillion in transactions in 1 year alone....