Oil for Food

Let There Be Light . . .
. . . in the murkiest recesses of the United Nations.
By Bret Stephens
Opinion Journal

NEW YORK--Paul Volcker is at ease. Sitting behind the desk of his Rockefeller Center corner office--which seems much too small for his 6-foot-8 frame--the former chairman of the Federal Reserve has the half-weary, half-satisfied look of a writer who's just inked the last sentence of an unexpectedly long and tangled tale. Which, in a sense, is what he is. Taken together, the five reports of his Independent Inquiry into the U.N.'s Oil for Food scandal--which took 18 months and $34 million to complete--run to some 2,000 pages.

And what a story they tell. Read on.....