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U.S. sent pallets of cash to Baghdad

(Excerpt from ABC News...)

"Feb 6, 2007 — WASHINGTON (Reuters) - 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, lawmakers said on Tuesday.

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."


Inspite of how tired I am at present, this bit of news just seemed to merit some wider attention. As it is, I'm personally of the opinion that sending massive amounts of the most valued and easily converted currency in the world (US dollars) into a chaotic war-zone would constitute a "bad idea", but I might just be too cautious. I mean, four-billion dollars probably can't buy a person that many guns anyways, and, in any event, the members of the Iraqi government are much too honest and unpartisan to ever funnel money to insurgent groups...

Comments

( 1 comment — Leave a comment )
tashamonster
Feb. 8th, 2007 01:15 pm (UTC)
uh. scary.
( 1 comment — Leave a comment )

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