Good Intentions Corrupted
The Oil for Food Scandal and the Threat to the UN
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Good Intentions Corrupted by Paul A. Volcker
Book DescriptionDespite its good intentions, mismanagement and corruption plagued the UN's Oil-for-Food Program: * More than 2,200 companies paid $1.8 billion in illegal surcharges and kickbacks to the Iraqi regime * The UN Security Council stood by as the Iraqi regime outright smuggled about $8.4 billion of oil during the Program years in violation of UN sanctions * The Iraqi regime steered oil contracts for political advantage by giving rights to buy oil to dozens of global political figures sympathetic to Iraq's goal to loosen or overturn the UN sanctions * The Iraqi regime provided Benon Sevan, the UN's chief administrator of the Program, with rights to buy more than 7 million barrels of oil * UN-related humanitarian agencies collected tens of millions of dollars for costs they never incurred, and some built factories in Iraq that weren't needed or that never worked at all * Even UN Secretary-General Kofi Annan was tainted by it But the whole story has never been told in one place.
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Book DetailsISBN: 9781586484729
(210mm x 140mm x 20mm)
Publisher: The Perseus Books Group
Publish Date: 2-Nov-2006
Country of Publication: United States
Books By Author Paul A. Volcker
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The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21. 5 percent, leading to a severe recession with unemployment reaching nearly 11 percent.
Power of Gold, Paperback (April 2012)
"The need for realism in reform of its monetary system is what makes Bernstein s story of the Power of Gold so timely. It is a compelling reminder that maintaining a fixed price for gold and fixed exchange rates were difficult even in a simpler financial environment .
Government Ill Executed, Paperback (September 2009)» View all books by Paul A. Volcker
The federal government is having increasing difficulty faithfully executing the laws, which is what Alexander Hamilton called 'the true test' of a good government. This book diagnoses the symptoms, explains their general causes, and proposes ways to improve the effectiveness of the federal government.
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Author Biography - Paul A. Volcker
Led by former U.S. Federal Reserve Chairman Paul A. Volcker, the Independent Inquiry Committee revealed the Program's flaws and the urgent need for UN reform. Jeffrey A. Meyer is former Senior Counsel to the Committee and chief editor of its reports, and Mark G. Califano is former Chief Legal Counsel to the Committee, who supervised and led major aspects of the investigation.
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