Trillions of Dollars Missing from the DOD & HUD

This is an email from Catherine Austin Fitts Former Assistant Secretary of Housing, Bush I
Former lead financial advisor to FHA, Clinton Administration
Hickory Valley, TN and , Esq
Former lead financial advisor to FHA, Clinton Administration
Cincinnati, OH to Cincinnati radio show hostess, Diane Rehnm

This morning, Carolyn Betts was listening to your radio show in
Cincinatti when a caller mentioned that $2 plus trillion was missing
from the Pentagon. You corrected him saying he had the number wrong -
that it was billions, not trillions.

In fact, your listener was correct: the amounts unaccounted for are
in the TRILLIONS.

The caller was probably recalling that Defense Secretary Donald
Rumsfeld addressed these amounts at a press conference in 2001.
However, his comments related to amounts missing during the Clinton
Administration.

In fiscal 1999, the Department of Defense (DOD) reported $2.3
trillion of undocumentable adjustments to balance its books. In fiscal
2000, DOD reported $1.1 trillion of undocumentable adjustments to
balance its books. For fiscal 2001, DOD declined to report the amount
of undocumentable adjustments used to balance its books. I learned of
these amounts while researching large amounts missing at the
Department of Housing and Urban Development (HUD) during the same
period.

In FY 1999, HUD refused to publish audited financial statements,
reporting $17 billion of undocumentable adjustments in the FY 1998
ending balance and $59 billion of undocumentable adjustments for FY
1999. HUD declined to report their undocumentable adjustments in FY
2000.

In 2007, the federal government declined to publish audited financial
statements for the 11th consecutive year.

For more, see these links:
http://www.solari.com/blog/?p=501
http://www.solari.com/learn/articles_missingmoney.htm