Wednesday, October 13, 2004

Do what I say, not what I do

I told you they're lying, thieving skunks, Mr. and Ms. Swing Voter.

Bush special envoy embroiled in controversy over Iraq debt
Consortium plans to cash in as Baker asks countries to end £200bn burden

Naomi Klein for The Guardian

President Bush's special envoy, James Baker, who has been trying to persuade the world to forgive Iraq's crushing debts, is simultaneously working for a commercial concern that is trying to recover money from Iraq, according to confidential documents.

Mr Baker's Carlyle Group is in a consortium secretly proposing to try to collect $27bn (£15bn) on behalf of Kuwait, one of Iraq's biggest creditors, by using high-level political influence. It claims Mr Baker will not benefit personally, but the consortium could make millions in fees, retainers and commission as a result.

Other countries, including Britain, have been urged by Mr Baker to relieve the new Iraq regime of its $200bn debt burden. Iraq owes Britain approximately $1bn.

One international lawyer described the consortium's scheme as "influence peddling of the crassest kind".

Jerome Levinson, an expert on political and corporate ethics at American University in Washington, told the Guardian: "The consortium is saying to the Kuwaiti government, 'Through us you have the only chance to realize a substantial part of the debt. Why? Because of who we are and who we know'."

When George Bush appointed Mr Baker, a former secretary of state, as his unpaid envoy on December 5 2003, he called Mr Baker's job "a noble mission". But Mr Baker is also a senior counsellor and an equity partner with a reported $180m stake in the merchant bank and defence contractor the Carlyle Group....

There's much more here, if you can stomach it.

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