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Infomaniac: WeBlog
Tuesday, July 26, 2005
Follow the money
Here's an astonishing story, from The London Review of Books, Where has all the money gone? (a shorter version is in The Guardian: So, Mr Bremer, where did all the money go? ) The story actually ran a couple weeks ago; the link from Digby , says "I urge you to read the whole story. It was published earlier this month and fell down the memory hole. It's simply unbelievable."
I've seen some references to this but never this detail. It's stunning. From the Guardian's version:
...Both Saddam and the US profited handsomely during his reign. He controlled Iraq's wealth while most of Iraq's oil went to Californian refineries to provide cheap petrol for American voters. US corporations, like those who enjoyed Saddam's favour, grew rich. Today, the system is much the same: the oil goes to California, and the new Iraqi government spends the national wealth with impunity." Meanwhile, Knight Ridder correspondents report that things are worse than ever in Baghdad: people are finding worms in their drinking water. posted by liz at 1:48 PM 
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