I understand the principle that the US sent $4 bil+ to Iraq to help the Iraqi governement get a good start. My question is, why was is sent in cash?... and further more, all $100 bills?
I don't think i need an answer as to why they can't track it properly...
2007-02-09 01:32:55 · 15 answers · asked by Anonymous in News & Events ➔ Current Events
It was $12 billion!
As to why it was cash--the excuse is tha tin the chaos after the invasion, normal transaction systems (banks,e tc) weren't functioning, so they needed cash to et things functioning again.
Personally, given the lack of any accounting--and this administration's record, I think it's mostly in some numbered offshore accounts.
2007-02-09 01:43:15 · answer #1 · answered by Anonymous · 2⤊ 1⤋
I'm not even going to read all of that. The government should've forced car companies to reach standards a long time ago. If benchmarks were set decades ago, every car would probably get 50-100 miles/gal. by now. The last thing I want to see is a person driving a Ford F-350 complaining about gas prices. If you can afford the gas, then it's okay; but don't whine when the fact that your truck only gets 10 miles/gal. and gas is above $3. Why would someone with an office job need a work truck? When the U.S. expanded west, efficient public transportation systems weren't built. Most roads don't even have bike paths. I'm not riding a scooter because I'm afraid of the bad drivers in San Antonio and their huge vehicles. We can't just keep on depending on finding new oil deposits, we will always suck them dry and be left looking for more.
2016-05-24 00:50:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋
How would you have sent it other than cash? I don't think Iraq takes Discover. Could have sent gold I suppose but I don't think it too good idea to send that much gold out of the American economy. And what is wrong with $100 bills? Should it have been sent in pennies? Ones? The $100 bill is the largest denomination in use in the US so using them would take the least space and weight.
2007-02-09 01:39:52 · answer #3 · answered by Anonymous · 3⤊ 0⤋
Cash gets things done in the Middle East. They don't trust a system of debit or credit like we have in the US.
For example, cash in hand makes contractors work faster, security personnel pay greater attention, supplies to show up faster, etc.
2007-02-09 01:43:24 · answer #4 · answered by bubby44 2 · 1⤊ 0⤋
I with you there, Asami. Didn't the troops discover huge caches of cash [US $] that Saddam had stashed around? And weren't there truckloads of US dollars stopped at the Syrian border also?
I started reading Bob Woodward's book "State of Denial"; the facts infuriated me then, but now that I hear that there was $4b floating around when it was needed, I'm [need word here for "worse that infuriated"]!
2007-02-09 03:27:07 · answer #5 · answered by LisaFlorida 4 · 1⤊ 0⤋
There is no banking authority in Iraq. Paying day laborers etc. requires cash. Iraqi money is pretty much worthless and Iraqis prefer to be paid in US dollars.
2007-02-09 01:38:01 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Money is hard to track and a lot of people got rich and the poor are in a lot of harms way for sure.
2007-02-09 02:12:11 · answer #7 · answered by Gypsy Gal 6 · 1⤊ 0⤋
Its very puzzling, the Iraq's local currency is not a
US dollar. therefore it seems like it will mostly go to American contractors, who like to hide money from IRS.That money is lately been used in NJ to make residential decks and hot tubs.
2007-02-09 02:16:28 · answer #8 · answered by Iqbal 4 · 1⤊ 1⤋
Drat ! I was planning on telling you why they could not track the money properly...
2007-02-09 01:37:08 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Bribes are paid in $100 bills over there.
2007-02-09 01:36:07 · answer #10 · answered by Jet 6 · 2⤊ 2⤋