Waxman’s GRMO Pushing Hard for Hearing on DFI Mismanagement

[kerrygoddess]

Waxman’s GRMO Pushing Hard for Hearing on DFI Mismanagement
24 May 2005



The Bush administration has mismanaged billions of dollars of Iraqi oil proceeds, while crying foul over the UN Oil for Food program. Last Tuesday I reported here that Henry Waxman had called for hearing to investigate “abuses in the Development Fund for Iraq , the successor to the Oil for Food program run by the Bush Administration.”

Yesterday the IAMB (International Advisory and Monitoring Board) released several audits of the Development Fund for Iraq (DFI), the Oil for Food Program's successor. The audits evidently suggest considerable mismanagement of DFI funds on the part of the Bush administration.

Here’s the latest statement from Henry Waxman on the DFI mismanagement:

New findings from the International Advisory and Monitoring Board raise growing concerns over how the Bush Administration mismanaged billions of dollars of Iraqi oil proceeds. The international auditors are questioning why the Bush Administration sought to conceal over $200 million in Halliburton overcharges. They also identify serious new worries about possible misappropriation of oil revenues and further violations of U.N. Security Council Resolution 1483.

MORE & LINKS - http://www.lightupthedarkness.org/blog/default.asp?view=plink&id=950

[Double T]

1. Let's Check Out The Bush Mismanagement Of Funds.......

1) $9 Billion 'Unaccounted For' in Iraq
2) $100 Million 'Unaccounted For' in Iraq
3) Billions of dollars mismanaged of the Iraqi oil proceeds
4) Billions of dollars abused in the Development Fund For Iraq
5) Billions of dollars mismanaged in the oil for food programs
6) $200 Million in Halliburton Overcharges

...and that is what has been uncovered so far

Makes 'White Water' and 'Monica' Seem Like Nothing, Which They Were.