NY Fed Mum On Missing Iraq Billions

Politico reports:

The Federal Reserve Bank of New York is refusing to tell U.S. government investigators how much money it sent to Iraq during the first years of the American invasion, as a top Iraqi official suggested the missing and possibly stolen funds from that era is more than $18 billion – nearly three times the previously reported figure.

CNBC reported Tuesday that the New York Fed won’t reveal to the special inspector general for Iraq reconstruction how much money went to the Middle Eastern nation, hampering an investigation seeking to determine how much of the cash was stolen.

And Iraqi parliament speaker Osama al-Nujafi told al-Jazeera Monday that the missing U.S. funds totals $18.7 billion.