A 'fraud' bigger than Madoff

Senior US soldiers investigated over missing Iraq reconstruction billions

In what could turn out to be the greatest fraud in US history, American authorities have started to investigate the alleged role of senior military officers in the misuse of $125bn (£88bn) in a US -directed effort to reconstruct Iraq after the fall of Saddam Hussein. The exact sum missing may never be clear, but a report by the US Special Inspector General for Iraq Reconstruction (SIGIR) suggests it may exceed $50bn, making it an even bigger theft than ... Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Feb 16, 2009 - 1:07 AM PST
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Edited by: Dwight Rousu - Feb 16, 2009 - 1:07 AM PST

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2.6
by Dale Penn - Feb. 16, 2009

I'm recommending this story as it is interesting and if true should lead us to other stories on the subject with some direct quotes from sources. This piece has entirely too many anonymous quotes, to many unsubstantiated allegations and is too vague to be called quality journalism. Perhaps it's just on the leading edge of the story though and there isn't that sort of detail available yet. It would have been nice if the author had addressed that fact, however.

This is a major indictment that deserves our attention.

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4.0
by Peter L. Combs - Feb. 16, 2009

Great outline of what seems to have happened following the start of the mess in Iraq. Gives some great examples of the thefts, when they happened and who was involed.

My feeling has always been we should have left the day the troops knew "The 12 Bunkers" that Rumsfeld said contained bombs were empty. War over, ... More »

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4.0
by Kenneth Sibbett - Feb. 16, 2009

An article that I've been waiting to read. The author writes what everyone has been saying for years. Bush/Cheney/Rumfeld had no idea what the game plan would be after the invasion. When the looters where overwhelming Iraq, the military did nothing because of lack of leadership. Garner was clueless. What do they do next? Start sending unqualified conservative's who could not even phantom what they were getting into. So what would a smart person do? Start sending billions of dollars ... More »

While Republicans are on every Sunday talk show crying about spending, Bush/Cheney crippled and bankrupted this country, and they say nothing. Shame.

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3.9
by Chris Rocco - Feb. 17, 2009

Many of these frauds were reported in progressive media way back when it happened. The news here is that there is investigation. But that is where this story is thin on details and sources.

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4.3
by Dwight Rousu - Feb. 16, 2009

At this point, the story is mostly allegations, but they are presented credibly with multiple supporting sources. The New York Times is credited for some of the information.

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5.0
by William Hughes-Games - Feb. 17, 2009

I suppose it is worthwhile stating the obvious but wasn't this all known years ago.

The SeaBees of world war two fame would have had the infrastructure of Iraq up and running in 6 months. The only obvious explanation for the ... More »

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4.0
by Judith Davidsen - Feb. 16, 2009

No--nowhere near enough sourcing, nowhere near enough naming of names, nothing the reader can double check--who the hell was the 24-year-old from a Republican family who forgot to renew the stock market lease? I'd definitely recommend this, but with a ton of warnings.

My gut tells me it is true, and there's more where it came from--but that's simply not good enough.

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