FULL "DISCLOSURE:"

WASHINGTON POST

CONDEMNS PROTECTION

OF U.S. STEEL INDUSTRY...

NEGLECTS TO MENTION

POST COMPANY HAS

FINANCIAL INTEREST IN

SOUTH KOREAN STEEL

A www.RobertDyer.net Exclusive

The Washington Post has once again failed to disclose a financial conflict of interest in yesterday's editorial on "free" trade. While asking President Obama and the Congress to avoid adding new protections to our own American steel industry, Post editors conveniently left out an important fact:

Washington Post Company Director Warren Buffett owns 4% of POSCO, a massive South Korean steel maker.

Here's a quote from CNBC for you:

"The Oracle of Omaha, as Buffett is known, stands to make a tidy profit on his investment which he bought for $572 million. The stake was worth 1.23 trillion won ($1.31 billion) as of its Wednesday's closing share price."

And all at the expense of our own American steelworkers... isn't that patriotic?

As you now know, the Post continues to have a major disclosure problem. The Post continues to have major conflict of interest problems. (The editorial below the one on steel, on environmental issues, promotes positions that stand to benefit Post business associates such as General Electric among others).

Finally, just think about it: The Washington Post is favoring its own financial interest in South Korean steel, at the expense of American workers and what little is left of our heavy industry. That is shameful. Perhaps it's time President Obama takes action on trade issues, as he promised - he can start with his own newspaper, the pro-South Korean steel Washington Post.