January 12, 2008

Why Tony Got The Job

JPMorgan is heading a consortium set to make billions as Iraq's economy recovers from the war spearheaded by Mr Blair and U.S. President George Bush.

It was chosen to run the new Trade Bank of Iraq, which has raised billions in trade guarantees by mortgaging future oil production and will make huge profits from the deals.

Westminster watchdogs have ordered Mr Blair not to attempt to lobby his former Government colleagues on behalf of the bank for the next 12 months.

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