The $300 million deal appears to have been arranged outside the American-designed financial controls intended to help Iraq - which defaulted on its external debt in the 1990's - legally import goods. By most accounts here, there was no public bidding for the arms contracts, nor was the deal approved by the entire 33-member Iraqi cabinet.Ya know, we're not the greatest choice to set up a functioning government, and it is hubris to think otherwise.
Saturday, January 22
Well, lookit this.
Apparently $300 million of your hard-earned dollars has just up & walked out of Iraq, without leaving a trace. This is my favorite part:
Posted by Memphis Chix at 11:15 AM