713 Oil for Food Scandal

Sunday night the report was released. And who in the media is working on Sunday night?

WaPo reports quietly and calmly on Tuesday:

"The committee that released the audits and other internal U.N. documents is headed by former Federal Reserve chairman Paul A. Volcker. It is investigating allegations of corruption in the $64 billion program, which oversaw the sale of Iraqi oil for the purchase of humanitarian goods while the nation was under U.N. economic sanctions.

In a 35-page briefing paper, the Volcker committee said the audits highlighted the "wholesale failure of normal management and controls" over some of the program's operations. It also faulted the United Nations' internal auditors for failing to scrutinize areas of the program that were most vulnerable to corruption: the sale and purchase of oil and humanitarian goods."

So the sale and purchase of oil and humanitarian goods were not audited by the U.N.? Well, duh! That means the corruption the Volcker committee found were in the non-critical parts? He found only "inappropriate management?" They spent all these months and found--nothing. I'm no expert in accounting, but it truly is hard to investigate a non-audit.

I'm not going to carefully track this story because others are doing that. Check here for a blog on "UNSCAM." Here's a story from NRO in April. And an investigation from 2003.