In unsurprising news: http://news.yahoo.com/auditors-billions-likely-wasted-iraq-174443860.html
“The precise amount lost to fraud and waste can never be known,” the report said.
The auditors found huge problems accounting for the huge sums, but one small example of failure stood out: A contractor got away with charging $80 for a pipe fitting that its competitor was selling for $1.41. Why? The company’s billing documents were reviewed sloppily by U.S. contracting officers or were not reviewed at all.
With dry understatement, the inspector general said that while he couldn’t pinpoint the amount wasted, it “could be substantial.”
Also, I highly recommend the book We Meant Well; How I Helped Lose the Battle for the Hearts and Minds of the Iraqi People by Peter Van Buren. It’s entertaining as well as informative. Man can write.