UNSCAM UPDATE: Claudia Rosett has more on the latest oil-for-food developments. Excerpt:

The problem here is that whatever the truth about the secretary-general’s family ties to U.N. business, he was responsible for a great deal more than simply that particular U.N. contract. Even after the many scandals broken so far, a full account of the U.N.’s management of Oil-for-Food — starting with Annan’s starring role as head of the organization — would be an eye-popping thriller, and probably the healthiest thing to hit the U.N. since its founding. Oil-for-Food was not a bookkeeping exercise. It involved oversight of Saddam Hussein, an oil-rich war-mongering tyrant who gamed every angle of one of the most corruption-prone relief programs ever devised. Out of more than $110 billion in oil sales and relief purchases supervised by the U.N., Saddam by some estimates grafted out anywhere from $10 to $17 billion. While the U.N. praised the program, Saddam used his ill-gotten money not only for palaces, but to rebuild despite U.N. sanctions his networks of secret bank accounts, illicit political payoffs and arms traffic — and squirreled away billions that congressional investigators say may be funding terrorism today.

She seems to expect a whitewash, though.