$8.7 Billion missing and no-one knows where it went

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by jack404, Oct 27, 2010.

  1. jack404

    jack404 Former Guest

    Jan 11, 2010

    i know wnd.com has this as breaking news later today but thought i'd let you in on it before then

    July 27, 2010
    What SIGIR Found
    Weaknesses in DoD’s financial and management controls left it unable to properly account for $8.7 billion of the $9.1 billion in DFI funds it received for reconstruction activities in Iraq. This situation occurred because most DoD organizations receiving DFI funds did not establish the required Department of the Treasury accounts and no DoD organization was designated as the executive agent for managing the use of DFI funds. The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss.
    The Department of the Treasury established guidance for accounting for non-U.S. government funds when U.S. agencies act as a custodian of those funds, but DoD did not implement the guidance in a timely manner. More importantly, most DoD organizations that received DFI funds did not follow the guidance. Only one of these organizations established the required account and, as a result, accounts were not established for $8.7 billion (96%) of the DFI funds made available to DoD.

    full report here http://www.sigir.mil/files/audits/10-020.pdf#view=fit

    what is not said is that Obozo had "specialists " take over all this and scrap the rules your nation puts on these types of funds

    these people are not named or recorded in any way other than in memo's to those operating the scheme

    so 8.7 Billion bucks got lost

    G Soros found 5 Billion in a accounting loss that restored his accounts

    funny that ...
  2. hogger129

    hogger129 Well-Known Member

    Nov 29, 2009
    Probably went to the CIA since their budget is classified there would be no way to trace it to them.

  3. Jeff Midguard

    Jeff Midguard New Member

    Aug 31, 2010
    Baja Arizona
    Probably stacked up in Usama's cave by now.
  4. carver

    carver Moderator Supporting Member

    We all know what happened to that money! The rich get richer, while the poor get poorer!
  5. Gun Geezer

    Gun Geezer Well-Known Member

    Oct 5, 2009
    Central Florida
    Did ya ever notice that every politician who ever was elected to Congress or POTUS ended up being a multi- millionaire? The Clinton's are a prime example. I believe their reported income before he became Pres. was less than 6 figures, now, well I'd have to take off both shoes and still count by thousands.
    It's amazing the lack of accountability of our public servants. I guess I just wasn't thinking big enough. I thought being a school teacher was public service, but I couldn't get rich stealing the kids lunch money, go figure!
Similar Threads
Forum Title Date
The Fire For Effect and Totally Politically Incorr 400 million in cash, now 1.3 BILLION! Aug 25, 2016
The Fire For Effect and Totally Politically Incorr US to award Iran 11.9 Billion thru end of nuke talks ... Jan 26, 2015
The Fire For Effect and Totally Politically Incorr Obama Requests $1.1 Billion, DOJ $382.1 Million for Gun Control Apr 9, 2014
The Fire For Effect and Totally Politically Incorr $36 Billion in military equipment to be destroyed? Mar 5, 2013
The Fire For Effect and Totally Politically Incorr They need more ammo, cause 1.6 billion rnds is not enough Feb 7, 2013