Congressional Reax to Volcker WSJ Op-Ed: Yawn
By Andrew Cochran
Mr. Volcker defends his interim report in an op-ed in today's Wall Street Journal (sorry, subscribers only). But a Congressional source involved in OFF investigations describes it to me as "picking his words very carefully" and is not impressed. Congressional Democrats are preparing a strategy of pursuing the Bush Administration's knowledge and tolerance of the illegal sales, and the Coalition Provisional Authority's potential mismanagement of $9 billion in Iraq development funds originating from OFF sales.