Carlyle Covers Up

Naomi Klein writes that Carlyle continues their sociopathic ways, after faking us with a devious denial.

We were flattered (sort of), until we realized that Carlyle had just pulled off a major public relations coup. When the story broke, the notoriously secretive merchant bank needed to find a way to avoid a full-blown political scandal. It chose a bold tactic: In the face of overwhelming evidence of a glaring conflict of interest between Baker's stake in Carlyle and his post as George W. Bush's special envoy on Iraq's debt, Carlyle simply denied everything. The company issued a statement saying that it does not want to be involved in the Kuwait deal "in any way, shape or form and will not invest any money raised by the Consortium's efforts" and, furthermore, that "Carlyle was never a member of the Consortium." A spokesperson told the Financial Times that Carlyle had pulled out as soon as James Baker was appointed debt envoy, because his new political post made Carlyle's involvement "unsuitable." Mysteriously, there was no paper trail--just Carlyle's word that it had informed its business partners "orally."

You have to hand it to them: It was gutsy.

Still another reason why we have to get the dauphin out.