Sunday’s New York Times has the goods on Saddam Hussein’s corruption of the oil-for-food program. Sample highlight:

In the high-flying days after Iraq was allowed to sell its oil after 10 years of United Nations sanctions, the lobby of the Rashid Hotel in Baghdad was the place to be to get a piece of the action.

That was where the oil traders would gather whenever a journalist, actor or political figure would arrive in Iraq and openly praise Mr. Hussein. Experience taught them that the visitor usually returned to the hotel with a gift voucher, courtesy of the Iraqi president or one of his aides, representing the right to buy one million barrels or more of Iraqi crude.

The vouchers had considerable value. With the major oil companies monopolizing most Persian Gulf oil, there was fierce competition among smaller traders for the chance to buy Iraqi oil. And as long as Iraq kept its oil prices low enough, traders could make a tidy profit, even after buying the voucher and paying the surcharge.

“We used to joke that if you get one million barrels, you could make $200,000,” Mr. Faraj, of SOMO, added, referring to a period when the vouchers sold for about 20 cents per barrel. “And yet the ones who got it were those people who used to come here and praise Saddam for his stand against imperialism.”

Read the whole, sad, damning thing. (Link via InstaPundit.)