$1B Stolen From Iraq Defense Ministry
by Last Night in Little Rock
In what was described by Iraqi officials as the largest theft in history, the UK Independent reports that $1B has disappeared from the Iraq Defense Ministry, compromising Iraq's ability to defend itself against insurgents.
One billion dollars has been plundered from Iraq's defence ministry in one of the largest thefts in history, The Independent can reveal, leaving the country's army to fight a savage insurgency with museum-piece weapons.
The money, intended to train and equip an Iraqi army capable of bringing security to a country shattered by the US-led invasion and prolonged rebellion, was instead siphoned abroad in cash and has disappeared.
"It is possibly one of the largest thefts in history," Ali Allawi, Iraq's Finance Minister, told The Independent.
"Huge amounts of money have disappeared. In return we got nothing but scraps of metal." The carefully planned theft has so weakened the army that it cannot hold Baghdad against insurgent attack without American military support, Iraqi officials say, making it difficult for the US to withdraw its 135,000- strong army from Iraq, as Washington says it wishes to do.
That's the difference between Iraq thefts and U.S. war profiteering. We know that Halliburton got billions through no bid contracts. The difference between "thief" and "profiteer" is owning a President.
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