Same circus, different clowns

The Iraqi authorities are doing about as sloppy a job managing their oil wealth as the American authorities did in the months after the U.S.-led invasion, an international watchdog agency said on Monday.

[...]

The U.S. agency had turned over heavily edited audits to the board, stating that the deletions were made to protect trade secrets. An unedited version of the audit later surfaced, showing the deletions sought to conceal questionable billings.

In the new Iraqi oil audit by accounting giant KPMG, covering the period June 29 through Dec. 31, 2004, oil was still being smuggled, hard-to-trace barter transactions were continuing and contracts were still being granted on a noncompetitive basis without justification.

they were obviously trained well... sounds like another iraqi success to me... watch for bushco spin, coming soon to a tv screen near you...

and, on that cheerful note, goodnight, mrs. calabash, wherever you are... (a free visit to the blog of your choice to the first person who can tell me whose trademark sign-off that was...)

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