BRANDOLAND: Talking to God...For You!

Wednesday, June 22, 2005

Cash Money

Yesterday, I --

CUT TO:

EXT. BAGHDAD - NIGHT

An unmarked truck pulls up to the loading dock of an Iraqi government building. A number of men, zooted to the freaking gills with high-tech assault weapons, guard the area as another group fills the truck with boxes and boxes of US cash money.

*

Well - here's the real story.

From the LA Times:

Worries Raised on Handling of Funds in Iraq

* A hearing details the transfer of $2.4 BILLION in $100 bills to BAGHDAD in 2004 and the billions more sent before. U.S. oversight is questioned. *

Excerpts:
WASHINGTON — It weighed 28 tons and took up as much room as 74 washing machines. It was $2.4 billion in $100 bills, and Baghdad needed it ASAP.

The initial request from U.S. OFFICIALS in charge of Iraq required the Federal Reserve Bank of New York to decide whether it could open its vault on a Sunday, a day banks aren't usually open.

"Just when you think you've seen it all," read one e-mail from an exasperated Fed official. "Pocket change," said another e-mail.

Then, when the shipment date changed, officials had to scramble to line up U.S. Air Force C-130 cargo planes to hold the money. They did, and the $2,401,600,000 was delivered to Baghdad on June 22, 2004.
It was the largest one-time cash transfer in the history of the New York Fed.

Disclosure of the frantic transfer in the final days of U.S. control over Iraq came during a daylong hearing Tuesday that indicated growing worry from Congress over U.S. oversight of spending in Iraq.

Both Republicans and Democrats appeared taken aback by the volume of CASH sent to Iraq: nearly $12 BILLION over the course of the U.S. occupation from March 2003 to June 2004, said a report by Rep. Henry A. Waxman (D-Los Angeles), who had reviewed e-mails and documents subpoenaed from the bank.

The cash — a total of 363 tons, generated mostly from oil revenues — was Iraqi funds that had been held in trust by the Federal Reserve under the terms of a United Nations resolution.

The June 2004 money transfer was needed to run the country as the interim Iraqi government took over from the U.S.-led Coalition Provisional Authority, officials said.

Rep. Christopher Shays ( REPUBLICAN-Conn.), chairman of the House national security subcommittee, criticized the Pentagon's handling of the money known as the Development Fund for Iraq.

"It's very clear that … we didn't have systems in place to account" for the funds, he said.

"It doesn't mean they weren't spent well, but, given my sense of human temptation, I SUSPECT SOME OF IT WAS, frankly, TAKEN," Shays said.
Like this?

EXT. BAGHDAD - NIGHT

An unmarked truck RETURNS to the loading dock of the CPA building. A number of men - a combination of PRIVATE security guards and Iraqi troops - zooted to the freaking gills with high-tech assault weapons, guard the area as another group of men fill the truck with MORE boxes and boxes of US cash money.

*
Another quote from Shays.
"I can't believe that all this cash just floating around all went perfectly to the right place."
Maybe it went to --

EXT. FIVE STAR HOTEL - LATER

An IRAQI DEFENSE MINISTER and a MYSTERIOUS US BUSINESSMAN are standing on the balcony of this five star hotel room...located "somewhere" in the Middle East. There are a number of HIGH END CALL GIRLS lounging around the pool., wearing nothing but money.

The defense minister and the businessman open a large box marked "cash." Then...

MYSTERIOUS US BUSINESSMAN - My friend, a toast!

IRAQI DEFENSE MINISTER - A toast!

MYSTERIOUS US BUSINESSMAN - A toast...to success!

IRAQI DEFENSE MINISTER - Success!

A number of NAKED YOUNG WOMEN enter the room and we...

CUT TO:

This bit from the related Reuters story.
Citing documents from the U.S. Federal Reserve Bank in New York, Waxman said the United States flew in nearly $12 billion overall in U.S. currency to Iraq from the United States between May 2003 and June 2004.

This money was used to pay for Iraqi salaries, fund Iraqi ministries and also to pay some U.S. contractors.
And HIGH END CALL-GIRLS.
In total, more than 281 million individual bills, including more than 107 million $100 bills, were shipped to Iraq on giant pallets loaded onto C-130 planes, the report said.
Hello, McFly?

McFly, hello?

McFly!

Draw your own conclusions.

More later...

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