The final Volcker report was issued today:

UNITED NATIONS - In a scathing final report documenting massive corruption in the U.N. oil-for-food program, investigators Thursday accused more than 2,200 companies, and prominent politicians, of colluding with
Saddam Hussein's regime to bilk the humanitarian operation of $1.8 billion.

The 623-page document exposed the global scope of a scam that allegedly involved such name-brand companies as DaimlerChrysler and Siemens AG, as well as a former French U.N. ambassador, a firebrand British politician and the president of Italy's Lombardi region.

It meticulously detailed how the $64 billion program became a cash cow for Saddam and more than half the companies participating in oil-for-food — at the expense of Iraqis suffering under U.N. sanctions. It blamed shoddy U.N. management and the world's most powerful nations for allowing the corruption to go on for years.

Surprising, no. Startling...yes.