NewsMine — cabal-elite — international-banking — federal-reserve — Viewing Item

Oil for food looks at white house and ny fed Original Source Link: (May no longer be active)    http://www.azcentral.com/news/articles/1006iraq-oilforfood06.html http://www.azcentral.com/news/articles/1006iraq-oilforfood06.html Oil-for-food inquiry looks at White House Charles Homans Knight Ridder Newspapers Oct. 6, 2004 12:00 AM WASHINGTON - A House subcommittee on Tuesday broadened its investigation of Iraq's oil-for-food program to include the Bush administration's handling of the country's oil money. The decision to subpoena documents from the Federal Reserve Bank of New York marks a major shift in the Government Reform subcommittee's investigation, which until this point had focused on corruption in the U.N. oil-for-food program in Iraq during Saddam Hussein's regime. The decision means the subcommittee also will scrutinize the activities of the U.S.-led Coalition Provisional Authority, which governed Iraq from May 2003 to June 2004. A recent internal audit of the CPA by its inspector general concluded that the authority couldn't account for $8.8 billion in oil revenues that belonged to the Iraqi people. The New York Fed manages the Development Fund for Iraq, an account in which Iraqi oil money and other funds earmarked for Iraq's reconstruction are held. "This money belongs to the Iraqi people. It is not a slush fund," said Rep. Henry Waxman, D-Calif., the subcommittee's ranking minority member. "The administration should use these funds in a transparent manner for the benefit of the Iraqi people." The New York Fed held the account into which Iraq's oil revenues were transferred after Saddam's regime fell. The subcommittee hopes to use the bank's account records as a window into the CPA's largely opaque management practices. The bank had yet to receive the subpoena Tuesday afternoon and had no comment on the matter. The move was a victory for Democrats on the House Subcommittee on National Security, Emerging Threats and International Relations, who also had sought to subpoena Defense Department documents on the CPA's accounting practices.

Andrew jacksons bank veto { July 10 1932 } Carter 1978 fedreserve { November 2 1978 } Central bankers racketeering Congressman mcfadden federal reserve { May 23 1933 } Congressman ron paul bill repeat federal reserve act Fed central private bank with commercial stock Fed replaced 1990s internet boom with housing boom { August 8 2005 } Federal reserve hides total money supply from public Federal reserve system greatest scam perpetrated Foreign central banks buy up treasuries auction Former treasury official says stop investing in dollar { June 22 2006 } Hedge funds are in regulatory void Imf warns of disorderly dollar fall Mcfadden charges federal reserve { December 18 1930 } New colorful jackson note { May 14 2003 } New peach hued us 20bill Nytimes 1930 mcfadden [gif] Oil for food looks at white house and ny fed Oil for food probe includes federal reserve Oil revenues spent on US bond market { January 11 2006 } Proposal gives powers to federal reserve { March 31 2008 } Treasury debt prices take spill { November 9 2005 } US could be going bankrupt Files Listed: 23

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.