WATCHING THE WATCHMAN….Suppose you’ve just invaded a country ? let’s call it “Iraq” ? and you’re now in the process of distributing the spoils to your supporters: no-bid contracts, overpriced delivery deals, that sort of thing. Unfortunately, you mistakenly appoint an auditor who turns out to be serious about auditing fraud and mismanagement in the distribution of goodies. What do you do?

Answer: reroute the money so it comes from a source that’s audited by someone else ? someone who’s already made it clear they don’t have the resources to do the job right. The Carpetbagger has the details.