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Introduction The Senate subcommittee investigating the Oil-For-Food scandal revealed last month that Saddam Hussein and his cronies skimmed over $21 billion out of the UN program that was intended to provide food and medicine to the Iraqi people. That is twice the amount we were led to believe earlier...
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Introduction I last wrote about the “Oil-for-Food” program in Iraq in May shortly after the United Nations (UN) engaged former Federal Reserve chairman Paul Volcker to conduct an internal investigation of the scandal. Only limited attention was focused on the scandal at the time, as the media was busy...