Murder is terror

2003: "Hey, you're Al Qaeda, we're gonna kill you and steal your oil."
2011: "Hey Al Qaeda, can you help us kill this other guy and steal his oil?"

Moral of the story: If you get in bed with the CIA, you'll prolly end up dead.

Iraq reconstruction theft may actually be $18 billion

So about that $6.6 billion "largest theft in US history," apparently it was actually more like $18.7 billion. That's almost ALL of the shrinkwrapped bricks of greenbacks that the Bush administration sent over to Iraq to reconstruct a compliant puppet regime in that country. A 2004 agreement established that the US would be responsible for safeguarding the $20 billion in cash that was allegedly sent over. Not surprisingly, almost all of it has disappeared without a trace. US officials have allegedly audited the money 3 times, but still have no clue where it is.

The cash came from an account at the Federal Reserve Bank in New York, and was allegedly a combination of Iraqi oil revenue, surplus from the UN's oil for food programme, and sales of Iraqi assets.

The New York Fed is refusing to tell investigators how many billions of dollars it shipped to Iraq during the early days of the US invasion there, the special inspector general for Iraq reconstruction told CNBC Tuesday.
The Fed's lack of disclosure is making it difficult for the inspector general to follow the paper trail of billions of dollars that went missing in the chaotic rush to finance the Iraq occupation, and to determine how much of that money was stolen.
-CNBC

The Fed is claiming that the money belonged to the Iraqi people, and therefore, they aren't allowed to let anyone else know how much money actually went over to Iraq for reconstruction. However, since the Iraqi people never got the money, and they're wondering where the hell it went, it's a little hard to believe that the Fed can't get authorization from them to disclose how much of their money it allegedly shipped to them.
Clearly, the Fed just doesn't want anyone to know how much money was sent over, because then we'd know how much of it was stolen.

$6.6 billion in Iraqi reconstruction funds unaccounted for

Surprise, surprise. Another $6.6 billion of US reconstruction money has disappeared in Iraq.

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.
This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash — enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

For the first time, federal auditors are suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error. Stuart Bowen, special inspector general for Iraq reconstruction, an office created by Congress, said the missing $6.6 billion may be "the largest theft of funds in national history."

The mystery is a growing embarrassment to the Pentagon, and an irritant to Washington's relations with Baghdad. Iraqi officials are threatening to go to court to reclaim the money, which came from Iraqi oil sales, seized Iraqi assets and surplus funds from the United Nations' oil-for-food program.
-LA Times

$61 billion of US taxpayer money has already been spent on reconstructing Iraq, a country that the US government bombed for over a decade prior to the 2003 invasion and subsequent occupation.
Since both the Iraqi puppet regime and the private contractors hired by the Pentagon to reconstruct the bombed-out nation are both corrupt and criminally incompetent, it is hard to say for sure who exactly stole all the money.
But even though we don't know where the money went, we know where all of that paper came from.

The White House decided to use the money in the so-called Development Fund for Iraq, which was created by the Federal Reserve Bank of New York to hold money amassed during the years when Hussein's regime was under crippling economic and trade sanctions.

The cash was carried by tractor-trailer trucks from the fortress-like Federal Reserve currency repository in East Rutherford, N.J., to Andrews Air Force Base in Maryland, then flown to Baghdad. U.S. officials there stored the hoard in a basement vault at one of Hussein's former palaces, and at U.S. military bases, and eventually distributed the money to Iraqi ministries and contractors.
-LA Times

Well, we can’t even honestly say that half of the money was distributed to Iraqi ministries and contractors, because no one can account for it.