|The Senate Permanent Subcommittee on Investigations now believes that Hussein and his cronies pocketed in excess of $21 billion, more than twice the $10 billion reported earlier, from the Oil-For-Food program. And it will probably get even larger. |
In addition, the Senate has requested over 50 Oil-For-Food documents and registers from the United Nations, and UN Secretary-General Kofi Annan is stonewalling. So far, he has refused to turn over the documents. The good news is, this will likely lead to the resignation of Annan before this is over.
The trouble is, much of the billions that Hussein skimmed from the program is unaccounted for. The fear is that some of that money may now be in the hands of terrorists and insurgents that are battling our troops in Iraq. Given the scope of this unfolding scandal, we revisit the topic this week, including excerpts from my May 25 issue in which I explained how the scandal worked.
Former Fed Chairman Paul Volker is now a hired gun for Kofi Ananan and the rogues gally that is the UN. Volker is advising them to stonewall the Senate.