Friday, November 13, 2009

Peter Galbraith: Caught with his capitalist pants down

Something on Afstan earlier from the once-esteemed Mr Galbraith is at the end of this post. Now, talk about a conflict of interest (a "Bouquet" from Norman Spector):

Editor's Note

On Thursday, a news article in The Times reported on the ties between Peter W. Galbraith, a former United States ambassador, and a Norwegian oil company that operates in the Kurdistan region of Iraq. According to the Times article, Mr. Galbraith "received rights to an enormous stake in at least one of Kurdistan's oil fields in the spring of 2004."

Since that time, Mr. Galbraith has written several opinion articles for the Op-Ed page in support of Kurdish independence and security. These articles should have disclosed to readers that Mr. Galbraith could benefit financially from an independent Kurdistan that would not have to share oil revenues with Iraq.

Like other writers for the Op-Ed page, Mr. Galbraith signed a contract that obligated him to disclose his financial interests in the subjects of his articles. Had editors been aware of Mr. Galbraith's financial stake, the Op-Ed page would have insisted on disclosure or not published his articles.

At least "There ain't no stinkin' oil involved in Afghanistan..."

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