Nouri al-Maliki’s Retirement Fund?

All this talk about Hosni Mubarak’s looted billions must really piss off our other client rulers, the ones who have not yet set aside such rich stashes for their retirement.

But someone in Iraq has already made the move, disappearing $40 billion from Iraq’s development fund.

Around $40 billion are “missing” from a post-Gulf War fund that Iraq maintains to protect the money from foreign claims, its parliamentary speaker said on Monday.”There is missing money, we do not know where it has gone,” Osama al-Nujaifi said at a news conference in Baghdad. “The money is around $40 billion in total.”

[snip]

Nujaifi did not say when or how the discovery had been made regarding the missing money. He said two investigative committees had been formed to track down the cash.

But then, why should Iraq be any different from Afghanistan, where Hamid Karzi’s cronies have been looting the country since they got into power?

I’m so glad we’ve decided to spend trillions on our imperial wars rather than funding teachers and roads. The money is going to such a good cause, don’t you think?

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Emptywheel Twitterverse
bmaz @BlanksSlate @RussPtacek "Were arrested on outstanding warrants" http://t.co/oPbK0o2EFk Yeah, this doesn't sound goofy as shit.
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bmaz @BlanksSlate @RussPtacek "New Black Panthers" Uh huh.
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bmaz @AllThingsHLS Well, you have to have that for an arraignment. But IA is usually the first "forthwith" court appearance after arrest.
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bmaz @AllThingsHLS I know, they are effectively joke at this point. That's why said I'll wait on that part. Maybe self claimed though, who knows
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bmaz RT @FansOfSebVettel: Ferrari's 3 German Drivers: 1. Wolfgang von Trips 2. Michael Schumacher 3. Sebastian Vettel [from 2015] #F1 http://t…
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bmaz @AllThingsHLS "New Black Panthers"? Really?I'll wait for more on that. Article says arraigned today, but I bet was IA http://t.co/NitMkClcn2
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emptywheel @dougsinsbca Thank you!
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bmaz RT @RickSanchezTV: #GrandJuryDecision is in. Ruling will be announced Sunday. #Ferguson
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bmaz RT @AllThingsHLS: @johnson_carrie Usually, 1 support person for every two agents.
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bmaz @_JGR Will do. Though my guess is won't know much until program starts in six months or whatever and see what happens
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bmaz Reason #58,397 #ESPN sucks salted bags: They are anti-evolution http://t.co/7Mzbv0xnoi This is just pathetic.
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