What Galbraith kept completely concealed all these years was that a company he formed in 2004 came to acquire a large stake in a Kurdish oil field whereby, as the NYT put it, he "stands to earn perhaps a hundred million or more dollars." In other words, he had a direct -- and vast -- financial stake in the very policies which he was publicly advocating in The New York Times, The Washington Post, and countless other American media outlets, where he was presented as an independent expert on the region. As Cobban wrote:

Galbraith has never expressed any such regrets, and last November, he was openly scornful of Bush's late-term agreement to withdraw from Iraq completely. The revelation that for many years Galbraith had a quite undisclosed financial interest in the political breakup of Iraq may now further reduce the clout, and the ranks, of the remaining liberal hawks.