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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (54483)10/19/2004 11:06:15 PM
From: Taikun  Read Replies (1) of 74559
 
Jay,

It looks like the UN has a new line of business: they're in energy too.

Blessedly, the Duelfer report clears away much of the U.N. murk. Volume I, devoted to sources of financing and procurement for Saddam's regime, provides hundreds of pages of damning details — lifting much of the cover that U.N. secrecy gave to Saddam, his business partners, and the U.N. itself (which had effectively become one of his chief business partners, thanks both to the 2.2-percent commission collected by Annan's Secretariat, and the deals parceled out by Saddam to pivotal member states). Duelfer's report, released Wednesday, includes not only general descriptions of Oil-for-Food corruption, but names, dates, methods, networks, and dollar amounts — a roster dubbed adroitly by Reuters as Saddam's "Weapons-of-Mass-Corruption."

nationalreview.com

David
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