Baghdad’s Missing Billions Rediscovered

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.


CPAcash.gif

After former CPA head Paul Bremer got grilled by Henry Waxman yesterday, the press has rediscovered the story of the billions of dollars in reconstruction money that went missing during the heady days after the fall of Baghdad. In particular, it’s glommed onto the nifty fact that the U.S. government shipped 363 tons of Benjamins (and maybe some Ulysseses, too) to Iraq—much of which was spread around like play money. In his defense, Bremer explained, “We were in the middle of a war, working in very difficult conditions, and we had to move quickly to get this Iraqi money working for the Iraqi people.” Apparently democracy is a lot easier to export than standard accounting practices.

The revealing tale of the cash airlift isn’t new, however—we wrote about it in September 2005. It’s good to see it being picked up again, though. And it gives me an excuse to post this great photo of CPA officials giddily posing with $2 million in cash, which was given to the security contractor Custer Battles, which was accused ofdefrauding the government.

Update: Post amended in light of Custer Battles’ fraud conviction being overturned later today.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate