MetaFilter posts tagged with corruption and money

it's good to be a banksta

kliuless — Sat, 14 Feb 2009 09:19:06 -0800

Simon Johnson on Bill Moyers [1] (and, prolifically, making the public media rounds on npr [2]) tackling the bailout of the American Oligarchs, a.k.a. banksters... BONUS LISTENING :P Economic Contagion - "Listen to this interview with former Goldman banker John Talbott for some refreshing straight talk (Leonard Lopate Show)." and peripherally related... clay shirky on, essentially, 'change.gov' (42 mb; approx 92 minutes) and bill moyers with nikki giovanni, which was (and whois) also awesome! --- also recently related moyers on the blue 1 2

An Inconvenient Audit

Kadin2048 — Wed, 16 Apr 2008 14:49:58 -0800

The Pentagon's $1 Trillion Problem. Even as the Defense Department prepares to send Congress its $481.4B FY2008 budget request, it also prepares to admit -- for the 18th year in a row -- that its finances are in such poor shape that it is effectively impossible to audit or account for over a trillion dollars in past expenses. "For the first three quarters of 2007, $1.1 trillion in Army accounting entries hadn't been properly reviewed and substantiated, according to the Department of Defense's inspector general. In 2006, $258.2 billion of recorded withdrawals and payments from the Army's main account were unsupported. It's as if the Army had submitted multibillion-dollar expense reports without any receipts." Not that it's a new problem, however: "In 1990, Congress enacted legislation requiring all federal agencies to pass independent audits. Every year, the Defense inspector general dispatched dozens of auditors to the military's financial and accounting centers. Every year, they reported back that the job couldn't be done. Defense Department records were in such disarray and were so lacking in documentation that any attempt would be futile. In 2000, the inspector general told Congress that his auditors stopped counting after finding $2.3 trillion in unsupported entries made to force financial data to agree." Annual audits were suspended indefinitely in 2002. And in an interesting historical note: the 'Mechanization of Contract Administration Services' (MOCAS) system, which "pays invoices and vouchers for hardware supplies and services"*, was originally brought on-line in 1958, making it half a century old this year.

$9 billion missing

homunculus — Thu, 27 Sep 2007 15:15:27 -0800

Billions over Baghdad. "Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled."

the terms of his employment would be made public in the future

amberglow — Tue, 05 Sep 2006 07:02:34 -0800

Albania to get more corruption, and duct-tape expert-- ... As much as Ridge's security expertise, Berisha wants him to also bring to Albania his "success story" as Governor of Pennsylvania on education, the judiciary, information technology, agriculture and money laundering. ...

Executive Excess

homunculus — Thu, 31 Aug 2006 23:11:53 -0800

Executive Excess 2006: Defense and Oil Executives Cash in on Conflict (PDF). A new study from United for a Fair Economy and the Institute for Policy Studies looks at who is making a killing from the war on terror (or whatever they're calling it this week.) Looking ahead, I better review my portfolio. [Via C&L.]

we're paying them to report, and they take it from blogs?

amberglow — Fri, 07 Jul 2006 16:39:49 -0800

A daily intelligence brief on Iraq, prepared by a private contractor for the U.S. military and companies working in Iraq--SOC-SMG Inc --paints a grim picture of life in Baghdad. The information in large sections of the brief? It came from this blog: Iraq the Model

"I've put more than a million dollars worth of cocaine up my nose."

AlexReynolds — Sat, 05 Mar 2005 15:37:00 -0800

"I've put more than a million dollars worth of cocaine up my nose." - The Philadelphia-based writer of "Stuck Like Chuck" returns with three vignettes ( I | II | III ) of trader-room life and its characters. Brief, but captivating writing.