Abramoff had an Agenda for Iraq - Getting some Cash Money $$$

[ck4829]

From: Abramoff
Sent: December 5, 2003
To: Susan Ralston
Subject: Iraqi bonds project

Hi Susan,

As a follow up to the email I sent you the last month on this, the American Bondholders Foundation (ABF) is in the process of signing a ten year deal with representatives of the Iraqi Governing Council. It should be done in the next few days. The deal would exchange $100 billion in Chinese Government bearer bonds for $2 billion in Iraqi oil each year for 10 years. The Iraqis would use the bonds to set-off a $100 billion in debt that Iraq owes to the PRC.

The ABF is holding open until mid-night on December 15, 2003, the same deal to the US Government. If the White House does this ten year deal by mid night on December 15, 2003, the USG would receive approximately $6 billion. However, if the White House fails to enter into the agreement by mid night on December 15, 2003, the US Government would lose the opportunity to secure any funds from the sale of ABF's Chinese bonds to Iraq.

Needless to say, having those extra funds available would be a huge help to the Administration, but the WH would have to make a decision on this immediately. We heard that James Baker is now in charge of Iraqi debt. Not sure if this is accurate, but if so, I hope the transition would not impede the possibility that the USG would get those funds. I have the ten year contracts and can forward them to you if needed. Please let me know if this is doable.

Thanks,

Jack

http://www.democrats.reform.house.gov/abramoff/docs/0931_001.pdf Page 45