<$BlogRSDUrl$>

11/15/2004

 

Saddam Hussein: How to be a Billionaire


It was easy for Saddam. According to the Senate Government Affairs Committee Saddam kifed some $21-billion -- b, billion -- in Oil for Food funds.
In each case, Saddam's regime awarded a certificate that allowed the holder to sell the right to buy Iraqi oil at below-market prices.

The certificate holder would charge a per-barrel commission to transfer the rights to an oil buyer. Per-barrel fees were usually less than $1 per barrel but racked up big dollar amounts because allocations upward of 1 million barrels were routine.
Here's where Kerry and Edwards would have become shrill with meaningless phrases about Halliburton, if you are suffering from campaign withdrawal.

It's not Halliburton. It's the United Nations.

0 comments

0 Comments:

Post a Comment

This page is powered by Blogger. Isn't yours?