Firms urged to join rush for Iraqi 'gold'

[DuctapeFatwa]

Accountancy firms are being encouraged to set up shop in Iraq to take part in what was last week billed as a modern-day 'gold rush'.

The Coalition Provisional Authority (CPA), keen to encourage businesses into the shattered country to help with the job of reconstruction, has been pushing for more firms to follow the lead of PricewaterhouseCoopers and others by entering the Iraqi market.

Tom Foley, the CPA's director of private sector development, compared the business climate of Iraq to the California gold rush in the mid-1850's, saying that it rewarded 'nimble, scrappy risk-takers'.

In the supposed oil-led 'black-gold rush', two major wells of audit have so far drawn accountancy firms' interest. One is the newly created office of Iraqi ministry auditors, known as 'inspector generals'. The second - and possibly the greatest Iraqi audit prize of all - is that of the $8bn (£4.2bn) Development Fund for Iraq. The window for submissions closed yesterday, and a decision is expected soon.

http://www.accountancyage.com/News/1136281

[burrowowl]

1. To create

more agressive accounting for companies, a la Enron etc.

[KissMyAsscroft]

2. Wow...

Its almost like they invaded Iraq for financial gain....weird.

[Tom Kitten]

3. Corporate Colonization...

...pure and simple...it's a win-win situation for the big-ticket buddies of the BFEE and a lose-lose situation for everybody else...

These "nimble, scrappy risk-takers" use our overstretched, underfunded, underprotected military as tax-payer funded shields to protect them as they assess how best to exploit Iraq's resources for maximum profit...

Comparing them to the California Gold Rushers adds a special insight...Look soon for a Bagdad version of San Fransisco's Barbary Coast, after all, Iraq is our new frontier, a dangerous unexplored place rich in natural resources (oil AND water), ripe for exploitation by unaccountable warlord tycoons, and if the natives are restless? Well that's why we have the cavalry there...

[annagull]

4. Gee, war for profit--who would of thunk it?

those robber barons must be scheming as we speak.

[plurality]

5. Gee our government is made of greedy killers, who'd a thunk it?

And the Democrats are a part of it to, otherwise they'd be saying something about it. Instead we hear, "I thought Saddam had weapons of mass destruction. I was mislead! Don't blame me, I'm just a poor idiotic Senator who didn't know any better." Yet, we have all this BLATANT profiteering, and they don't say a damn thing about, except for Kucinich, who might as well not say anything since only 7 people hear about it when he does.

So how long are we going to take this shit? How long will we continue to pretend that a government that kills, and starves, and poisons to make people rich, is a good, democratic, and FREE government?