This Might Be The Biggest FAIL In USA History

Posted: June 14, 2011 in News, Opinion
Tags: ,

More than $6 billion in Iraq reconstruction funds lost

The Iraqi and U.S. governments have been unable to account for a substantial chunk of the billions of dollars in reconstruction aid the Bush administration literally airlifted into the country. If the cash proves to have been stolen, the heist could represent “the largest theft of funds in national history,” according to a report in the Los Angeles Times.

The Times’ description of how the billions of dollars entered the country is a must-read:

Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time. More on This After The Jump –>[More than $6 billion in Iraq reconstruction funds lost]

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