Iraq: The $87 Billion Money Pit: "“CPA is run by a bunch of political hacks and incompetents who have no idea what they’re doing” ... Iraq is still largely a lawless place. And one company director for a British firm doing business in Baghdad says that makes all the difference. “I’ve never seen corruption like this by expatriate businessmen. It’s like a feeding frenzy,” he says."

Iraq: The $87 Billion Money Pit: "“CPA is run by a bunch of political hacks and incompetents who have no idea what they’re doing” ... Iraq is still largely a lawless place. And one company director for a British firm doing business in Baghdad says that makes all the difference. “I’ve never seen corruption like this by expatriate businessmen. It’s like a feeding frenzy,” he says."