"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Saturday, July 28, 2007

Maliki's Iraqi Government doesn't want reconstruction projects

William L. Nash, a retired general who is a senior fellow at the Council on Foreign Relations and an expert on Middle East reconstruction said..... “The management of the reconstruction program for Iraq has been a near-total disaster from the beginning.”

Read more (NYT today) about how only 435 out of 2,797 US taxpayer funded Iraqi reconstruction projects said to have been completed at a cost of US$5.8 billion, Iraq’s national government had, by the spring of this year, accepted only 435 of those projects valued at $501 million.

" ......recent cases, a $90 million project to overhaul two giant turbines at the Dora power plant in Baghdad failed after completion because employees at the plant did not know how to operate the turbines properly and the wrong fuel was used."

You couldn't fucking make it up.

Read more grim news about the Dora plant at Washington Post. Pic of plant in happier times under Saddam

No comments:

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish