BILLIONS IN IRAQ OIL MONEY 'STOLEN' BY US
$1.5 BILLION FLOWN FROM US TO IRAQ ON ONE FLIGHT
More than $12 billion US dollars, weighing some 350 tons, were drawn from the US Federal Reserve and flown into Iraq on secret flights.
"Desperate for money, and with no banking system to receive wire transfers, the CPA, led by Paul Bremer, received UN approval to fund reconstruction with $37 billion of seized Iraqi oil proceeds, most of it held in the US Federal Reserve in New York."
Massive pallets of shrinked bundles of cash were shipped to Baghdad on C17 cargo planes. The blocks of $100 notes became known as 'bricks' and were dispersed with little record keeping. One US congressman said the cash was handed out "like candy".
