TOM MAGUIRE has a good observation on why we should be suspicious of the Saddam oil-bribe reports. The documents may be genuine, but the people who created them may have been lying to Saddam and pocketing the proceeds. As I said before, we should wait to see if this pans out. Just because it’s plausible doesn’t mean it’s true.

UPDATE: Maguire has updated, and ABC has picked up the story now, too. And the Chirac connection may be closer than I indicated below. Still to early to say for sure, but it’s certainly interesting. Stay tuned.