Where's the Missing $12 Billion We Sent to Iraq???

In the early days of TV there was a show called the $64,000 question. Well, this is a $12 billion dollar puzzle. Congressman Henry Waxman has called attention to this mystery. Here's an excerpt from an article about it on Bloomberg.com:

Representative Henry Waxman, kicking off hearings on government contracting, questioned former Ambassador L. Paul Bremer today on what happened to as much as $12 billion in unaccounted-for cash spent when he was in charge of rebuilding Iraq.

A report from Waxman's House Oversight and Government Reform Committee said the money represented more than half of Bremer's budget from May 2003 to June 2004. The report described contractors being told to bring big bags to collect shrink- wrapped bundles of money and one episode where a Bremer staff member was allegedly told to spend $6.75 million in a week.

``We have no way of knowing if the cash that was shipped into the green zone ended up in enemy hands,'' Waxman, a California Democrat, said at today's hearing. ``We owe it to the American people to do everything we can to find out where the $12 billion went.''

Is there a dowser in the audience?