By Chris Wogan
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In addition, there were allegations that food shipments destined for Iraq under the CCC’s Guarantee Program may have been diverted to the Soviet Union in exchange for Soviet-bloc military assistance for Iraq. Officials at the main BNL branch in Italy stated that they never authorized such action from Drogoul, but most experts on the issue believe that over $5 billion dollars in illegal loans is too much money for Drogoul to have pushed alone and without authorization. Even Judge Marvin Shoob found it hard to believe that Drogoul could’ve done this alone.
The BNL and the CCC Guarantee Program The US financing for the armament of Iraq began in 1982 after the State Department, under Secretary of State George Shultz, removed Iraq from the list of nation’s sponsoring terrorists. In December, the CCC authorized Iraq to participate in the export credit guarantee programs, the purpose of which was to extend credit to countries like Iraq that needed food but did not have adequate funds to purchase food for its citizens. The credit, however, did not come from the CCC itself.
Most of the world’s terrorist organizations, including al Qaeda, can be traced back to the Afghan Mujahideen… whose primary supporter during their war with the Soviet Union was none other than the United States. com 36 America and the New American Century 1) State Department Memo – Page One (Chapter 1, Page 13) Memo listing the topics of discussion between Rumsfeld and Hussein 37 State Department Memo – Page Two 38 America and the New American Century 2) State Dept Post-Meeting Summary – Page One (Chapter 1, Page 13) Memo summarizing the Rumsfeld-Hussein meeting noting the US’s interest in increasing Iraqi oil exports.
America and the New American Century by Chris Wogan
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