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Billions Over Baghdad: How Did $9B in Cash Airlifted From the Fed to Iraq Go Missing?

Billions Over Baghdad: How Did $9B in Cash Airlifted From the Fed to Iraq Go Missing?

One month after the invasion of Iraq, the United States began airlifting planeloads of cash to Baghdad. Between April 2003 and June 2004, a total of $12 billion dollars of US currency was shipped to Iraq where it was to be dispensed by the Coalition Provisional Authority for reconstruction. To date, at least $9 billion dollars cannot be accounted for. In a startling new expose in Vanity Fair, Pulitzer Prize winning investigative journalists Donald Barlett and James Steele follow the money trail from the Federal Reserve to Iraq. [includes rush transcript]

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