Corporate Corruption News Stories

Excerpts of Key Corporate Corruption News Stories in Major Media

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Public esteem for whistleblowers reached its high water mark in 2002. That’s when three whistleblowers were named Time’s Persons of the Year. Their employers were the corrupt companies Enron and WorldCom and the pre-9/11 FBI. Since that time, corporate managements and government agencies have become more secretive, making whistleblowing even more crucial for exposing wrongdoing. But the people who sacrifice their jobs and careers to bear witness are commonly viewed as turncoats or even traitors, ending up in jail or exile. Plainly, whistleblowers need help. Gilles Raymond is stepping forward. Raymond is the founder of the Signals Network, which is just beginning operations in San Francisco as a support organization for whistleblowers. The network ... will help whistleblowers find legal help and PR representation, work to build secure communications systems, and provide temporary housing to shield a whistleblower from harassment and threats. Signals ... has reached cooperative agreements with five international news organizations, including Germany’s Die Zeit, Britain’s Daily Telegraph, and the Intercept, a U.S.-based investigative news source. In the 16 years since that Time magazine cover, secrecy has become not only embedded more deeply in business and government practice, but safeguarded by law and administrative fiat.

Note: Read an excellent essay by CIA whistleblower Kevin Shipp on the many ways the US government prevents its employees from exposing illegal government activities. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

Both state-level public records laws and the federal Freedom of Information Act, written to ensure transparency and accountability in government, have morphed into potent weapons in legal and business disputes, raising questions about the chilling effects — and costs — they impose on targets who are doing research in controversial or sensitive fields. A 2017 analysis ... found that “public-oriented inquiries by concerned citizens and their advocates” account for “only a small fraction of the 700,000-plus FOIA requests submitted each year,” wrote David Pozen, a law professor at Columbia University, whose paper reviewed studies on the issue. “The bulk of requests come from businesses seeking to further their own commercial interests by learning about competitors, litigation opponents or the regulatory environment.” Public records requests have long been an important tool for a wide variety of groups, like journalists, political opposition researchers, climate-science skeptics, animal rights advocates and anti-abortion activists. But ... their growing use by advocacy groups and business interests to challenge academic work at public universities has alarmed some experts. The weaponization of such requests poses “a real danger that we’ll hit a tipping point, where the cost and burden of open records laws will overcome the benefits and we’ll have a retrenchment of transparency rights,” said Margaret Kwoka, a University of Denver professor. “This kind of abuse fuels the political will to do that.”

Note: For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

Thousands of Google staff across the world have staged a series of walkouts. Demonstrations at the company’s offices around the world began at 11.10am in Tokyo and took place at the same time in other time zones. They follow allegations of sexual misconduct made against senior executives, which organisers say are the most high-profile examples of “thousands” of similar cases across the company. An image from the Singapore hub showed at least 100 staff protesting. In London, the majority of employees left their desks and occupied the main auditorium in the company’s King’s Cross office. Once the room was filled, some gathered outside, as did a separate contingent of employees from the company’s AI subsidiary, DeepMind. Employees were urged to leave a flyer at their desk that read: “I’m not at my desk because I’m walking out in solidarity with other Googlers and contractors to protest [against] sexual harassment, misconduct, lack of transparency and a workplace culture that’s not working for everyone.” The Walkout for Real Change protest comes a week after it emerged that Google gave a $90m (Ł70m) severance package to Andy Rubin, the creator of the Android mobile phone software, but concealed details of a sexual misconduct allegations that triggered his departure. In San Francisco, where approximately 2,500 employees work, hundreds gathered in front of the city’s Ferry Building.

Note: Over 20,000 Google employees were reported to have participated in the mass walkout. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

At Google’s weekly staff meeting on Thursday, the top question that employees voted to ask Larry Page, a co-founder, and Sundar Pichai, the chief executive, was one about sexual harassment. The query was part of an outpouring from Google employees after a New York Times article ... reported how the company had paid millions of dollars in exit packages to male executives accused of misconduct and stayed silent about their transgressions. In the case of Andy Rubin, the creator of Android mobile software, the company gave him a $90 million exit package even after Google had concluded that a misconduct claim against him was credible. While tech workers, executives and others slammed Google for the revelations, nowhere was condemnation of the internet giant’s actions more pointed than among its own employees. The employee rebuke played out on Thursday and Friday in company meetings and on internal message boards. Employees said they were dispirited by how some executives accused of harassment were paid millions of dollars even as the company was fending off lawsuits from former employees and the Department of Labor that claimed it underpaid women. Some Google employees said they had more questions after Mr. Pichai and Eileen Naughton, vice president of people operations, wrote ... that the company had fired 48 people, including 13 senior managers, for sexual harassment over the last two years and that none of them received an exit package.

Note: For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

A California judge has rejected Monsanto’s appeal to overturn a landmark jury verdict which found that its popular herbicide causes cancer. Dewayne “Lee” Johnson, a father of three and former school groundskeeper ... won a $289m award over the summer after alleging that his exposure to Roundup weedkiller gave him cancer. Monsanto, now owned by Bayer, the German pharmaceutical company, filed an appeal of the verdict, which said the company was responsible for “negligent failure”, knew or should have known that its product was “dangerous”, and had “acted with malice or oppression”. San Francisco superior court judge Suzanne Bolanos ... has ruled to reduce punitive damages from $250m to $39m. The August verdict was a major victory for campaigners who have long fought Roundup, the most widely used herbicide in the world. Studies have repeatedly linked the glyphosate chemical ... to non-Hodgkin lymphoma (NHL), a type of blood cancer. Internal Monsanto emails uncovered in the litigation suggested that the corporation has repeatedly worked to stifle critical research over the years while “ghost-writing” scientific reports favorable to glyphosate. Thousands of plaintiffs across the country have made similar legal claims, alleging that glyphosate exposure caused their cancer or resulted in the deaths of their loved ones. Last week, four jury members spoke to the Guardian about the judge questioning their unanimous decision, urging her to allow the verdict to stand.

Note: The EPA continues to use industry-sponsored studies to declare Roundup safe while ignoring independent scientists. A recent independent study published in a scientific journal also found a link between glyphosate and gluten intolerance. Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Drugmakers spend billions selling prescription drugs on TV to the public, sometimes turning a new drug into a blockbuster. What you don’t know from the commercials is how much these drugs cost — prices that can be staggering. But that could soon change. On Monday, Health and Human Services Secretary Alex Azar proposed a huge change in drug advertising, requiring that drugmakers disclose the list price of drugs in their TV spots. The proposed transparency is as welcome as it is overdue. Health care is the only consumer commodity where sellers get to hide the price. Drugmakers have been pitching prescription drugs to consumers for decades, using pleasant music, happy faces, sexy scenes and visuals of people leading better, more fulfilling lives all because they’re taking a prescription drug. In 2016, drugmakers spent more than $6 billion on this effort. The 10 most commonly advertised drugs sport monthly prices ranging from $503 for Eliquis, which is used to prevent strokes and blood clots, to more than $11,000 for Cosentyx, to treat plaque psoriasis and psoriatic arthritis. Whether the proposed regulation is finalized ... depends on the pharmaceutical lobby’s power and the Trump administration’s resolve. Hours before Azar’s announcement, the Pharmaceutical Research and Manufacturers of America made its first countermove, announcing an alternate plan to ... disclose prices and co-payments of drugs advertised on TV on a new website starting in the spring.

Note: For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

A San Francisco Superior Court jury awarded a historic $289 million verdict against the agrochemical conglomerate Monsanto. A California judge is considering taking away that jury award for punitive damages. When we learned that Dewayne “Lee” Johnson had taken Monsanto to court saying he got his terminal non-Hodgkin’s lymphoma from on-the-job exposure to Monsanto’s ubiquitous weed killer, Roundup, we were so captured by Johnson’s battle that we traveled to San Francisco to watch the trial. Johnson’s was the first of some 4,000 similar claims headed for courts across America. The judge appeared to be bending over backward to help Monsanto. Johnson’s jury heard evidence that, for four decades, Monsanto maneuvered to conceal Roundup’s carcinogenicity by capturing regulatory agencies, corrupting public officials, bribing scientists, ghostwriting science and engaging in scientific fraud. The jury found that these activities constituted “malice, fraud and oppression” warranting $250 million in punitive damages. We were among the many who applauded. However, California judges have the power to reduce, or even eliminate, a jury award. The jurors would be shocked to know that the product of their weeks of careful consideration ... could be thrown out at the whim of a judge who disagrees with the verdict. If a judge intervenes to alter their verdict, then what, after all, is the point of having jurors?

Note: The EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. A recent independent study published in a scientific journal also found a link between glyphosate and gluten intolerance. Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Child sex dolls have been pulled from sale by online retail giant Amazon.com Inc after widespread criticism from a watchdog and charities in Britain over concerns that people who use such lifelike dolls may go on to sexually abuse children. More than a dozen child sex dolls were removed from sale, having been listed by third-party sellers, according to Amazon. “All Marketplace sellers must follow our selling guidelines and those who don’t will be subject to action including potential removal of their account,” an Amazon spokesman said in a statement. England Children’s Commissioner, Anne Longfield, said Amazon should explain how the dolls were permitted to be posted on their website, and ensure they cannot be put back up for sale. Britain allows people to manufacture and own child sex dolls yet it is illegal to import them. A British man was convicted last year for doing so in what police said was a landmark case in the fight against a new form of sex crime against children. Opinion is divided over the use of child sex dolls, which have the appearance, weight and anatomy of real children. Some charities argue such dolls should be made available on prescription to help prevent people who are sexually attracted to children acting on their desires. Other organizations, such as the National Society for the Prevention of Cruelty to Children (NSPCC), say sex dolls can be dangerous proxies to act out fantasies like rape or child abuse.

Note: Though the US House of Representatives passed a bill in June of 2018 banning sex dolls that look like children, it has yet to be approved by the Senate as of Oct., 2018. And this article shows amazon is still selling child-like sex dolls, though they are not listed as children.

A major U.S. telecommunications company discovered manipulated hardware from Super Micro Computer Inc. in its network and removed it in August, fresh evidence of tampering in China of critical technology components bound for the U.S., according to a security expert working for the telecom company. The security expert, Yossi Appleboum, provided ... evidence of the discovery following the publication of an investigative report in Bloomberg Businessweek that detailed how China’s intelligence services had ordered subcontractors to plant malicious chips in Supermicro server motherboards over a two-year period ending in 2015. [Appleboum’s company] was hired to scan several large data centers belonging to the telecommunications company. Unusual communications from a Supermicro server and a subsequent physical inspection revealed an implant built into the server’s Ethernet connector. The executive said he has seen similar manipulations of different vendors' computer hardware made by contractors in China, not just products from Supermicro. “Supermicro is a victim - so is everyone else,” he said. There are countless points in the supply chain in China where manipulations can be introduced, and deducing them can in many cases be impossible. The manipulation of the Ethernet connector appeared to be similar to a method also used by the U.S. National Security Agency, details of which were leaked in 2013.

Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.

In order to get prescription drugs approved by the Food and Drug Administration, companies must conduct clinical trials to show that the drugs are safe and effective. But drug companies don’t have direct access to human subjects, so they’ve always contracted with academic researchers to conduct the trials on patients in teaching hospitals and clinics. Traditionally, they gave grants to the institutions for interested researchers to test their drugs, then waited for the results and hoped that their products looked good. That began to change in the 1980s, partly as a result of a new law that permitted researchers and their institutions, even if funded by the National Institutes of Health ... to patent their discoveries and license them exclusively to drug companies in return for royalties. That made them business partners, and the sponsors became intimately involved in all aspects of the clinical trials. Drug company involvement biases research in ways that are not always obvious, often by suppressing negative results. A review of 74 clinical trials of antidepressants, for example, found that 37 of 38 positive studies — that is, studies that showed that a drug was effective — were published. But 33 of 36 negative studies were either not published or published in a form that conveyed a positive outcome. Bias can also be introduced through the design of a clinical trial. It’s often possible to make clinical trials come out the way you and your sponsors want. Disclosure is better than no disclosure, but it does not eliminate the conflict of interest.

Note: The above was written by Marcia Angell, former editor of The New England Journal of Medicine. For more, see this mercola.com article. Then see concise summaries of deeply revealing Big Parma corruption news articles from reliable major media sources.

The mayor of the West Virginia city that has come to symbolize Americas opioid epidemic has called for the jailing of pharmaceutical company executives he likens to street corner drug dealers. Steve Williams, mayor of ... a city ravaged by prescription pill and heroin addiction, said he wants to see executives face criminal prosecution, after it was revealed that a member of the family that made billions of dollars from the painkiller that unleashed the epidemic stands to profit further after he was granted a patent for an anti-addiction medicine. They are drug dealers in Armani suits, said Williams. The decisions that have been made within the pharmaceutical industry have ravaged our nation. In June, Massachusetts became the first state to sue individual executives and owners of Purdue Pharma, the maker of the drug, OxyContin, which kicked off the biggest drug epidemic in American history, estimated to be killing more than 115 people a day. The lawsuit seeks to recover the billions of dollars in profit banked by members of the Sackler family, which owns Purdue. Massachusetts attorney general Maura Healey, accused the company and its officials of knowingly profiting from overdoses and death. Purdue Pharma and its executives built a multi-billion-dollar business based on deception and addiction. The more drugs they sold, the more money they made, she said in announcing the lawsuit.

Note: According to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

More than a year after his plan to privatize the Afghan war was first shot down by the Trump administration, Erik Prince returned late last month to Kabul to push the proposal on the beleaguered government in Afghanistan, where many believe he has the ear - and the potential backing - of the U.S. president. Prince swept through the capital, meeting with influential political figures within and outside the administration of President Ashraf Ghani. “He’s winning Afghans over with the assumption that he’s close to Trump,” said one well-informed Afghan. Prince also sparked what Ghani ... condemned as “a debate” within the country over “adding new foreign and unaccountable elements to our fight.” At the Pentagon, the head of the U.S. Central Command, Gen. Joseph Votel, told reporters that “I absolutely do not agree” with Prince’s contention that he could win the war more quickly and for less money with a few thousand hired guns. Prince, the brother of U.S. Education Secretary Betsy DeVos and a substantial contributor to Trump’s presidential campaign ... has made a controversial career out of providing security for hire. Since severing his ties to Blackwater - the company he founded that was accused of heavy-handed practices, including the killing of civilians, while under U.S. contract in Iraq - Prince has cycled through several iterations of the same business and now runs a Hong Kong-based company called Frontier Services.

Note: A 2015 article titled, "Former Blackwater gets rich as Afghan drug production hits record high" describes some of Eric Prince's previous business activities in Afghanistan. Prince's companies also got caught systematically defrauding the US government while serving as a "virtual extension of the CIA". For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

The Department of Justice said it is filing a lawsuit against the state of California over its new net neutrality protections, hours after Gov. Jerry Brown signed the bill into law on Sunday. The California law would be the strictest net neutrality protections in the country, and could serve as a blueprint for other states. Under the law, internet service providers will not be allowed to block or slow specific types of content or applications, or charge apps or companies fees for faster access to customers. The Department of Justice says the California law is illegal and that the state is "attempting to subvert the Federal Government's deregulatory approach" to the internet. Barbara van Schewick, a professor at Stanford Law School, says the California bill is on solid legal ground and that California is within its legal rights. California is the third state to pass its own net neutrality regulations, following Washington and Oregon. However, it is the first to match the thorough level of protections that had been provided by the Obama-era federal net neutrality regulations repealed by the Federal Communications Commission in June. At least some other states are expected to model future net neutrality laws on California's. The original FCC rules included a two page summary and more than 300 additional pages with additional protections and clarifications on how they worked. While other states mostly replicated the two-page summary, California took longer crafting its law in order to match the details in the hundreds of supporting pages.

Note: Read how the Federal Communications Commission's net-neutrality policymaking process was heavily manipulated. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

Former fugitive Pablo Duran, Sr., who sat down in an exclusive interview with FRONTLINE for its investigation Trafficked in America, has pleaded guilty to encouraging illegal entry of Guatemalan nationals, some of them minors, for financial gain. His plea and conviction are part of a major trafficking plot in 2014 that saw Guatemalan teenagers smuggled across the border into America and compelled into grueling labor at egg farms in Ohio against their will. Duran, Sr., also known as Pablo Duran Ramirez, is one of seven people to have been convicted for their role in the case. Duran Ramirez admitted he had been fully aware some of the people brought on at Trillium Farms in Ohio were undocumented minors, and that the process of getting them to Ohio involved bullying and strong-arm tactics. Duran Ramirez co-owned a contracting company, Haba Corporate Services, which Trillium Farms hired and paid approximately $6 million to between 2013 and 2014 to find workers. One family ... owed Castillo-Serrano $15,000 for shuttling their son into the United States. The family put the deed of their house on the line as collateral. Once in the U.S., the young Guatemalans were sent to the egg farm to work off their parents’ debt - and routinely had most of their paycheck confiscated to cover it. If they complained, they became targets. “Many of my friends told me that they received death threats,” one former Trillium employee [said]. “They would kill their father or mother, if they didn’t want to pay or work.”

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world.

As the 2018 elections approach, the American intelligence community is issuing increasingly dire warnings about potential interference from Russia and other countries. D.H.S. has now conducted remote-scanning and on-site assessments of state and county election systems. These [measures] don't address core vulnerabilities in voting machines or the systems used to program them. And they ignore the fact that many voting machines that elections officials insist are disconnected from the internet – and therefore beyond the reach of hackers – are in fact accessible by way of the modems they use to transmit vote totals on election night. Add to this the fact that states don't conduct robust postelection audits ... and there's a good chance we simply won't know if someone has altered the digital votes in the next election. How did our election system get so vulnerable, and why haven't officials tried harder to fix it? The answer, ultimately, comes down to politics and money: The voting machines are made by well-connected private companies that wield immense control over their proprietary software, often fighting vigorously in court to prevent anyone from examining it when things go awry. The stakes are high. But the focus on Russia, or any would-be election manipulators, ignores the underlying issue – the myriad vulnerabilities that riddle the system and the ill-considered decisions that got us here.

Note: Why is it that the U.S. government is not allowed to have oversight over the companies that build and maintain voting machines and databases? What if one or more of them is bought off by a foreign or event domestic interest? Isn't this crazy? The major media have severely neglected reporting on elections manipulations that have been going on for many decades. For undeniable evidence of this, see our Elections Information Center.

The Congressional Pollinator Protection Caucus, which is an actual thing, held a bipartisan twilight event that involved the release of 50 monarch butterflies into the darkening sky. This was a nice moment. As Rep. Marcy Kaptur, Democrat of Ohio, said, "We should all be able to agree on butterflies." The CPPC is serious business. Between the destruction of monarch habitats ... and the ongoing mystery of colony collapse among the bees, American agriculture is endangered. In 2017, according to the Center For Biological Diversity, the overwintering population of monarchs dropped by a third. The butterfly's dramatic decline has been driven in large part by the widespread planting of genetically engineered crops. The vast majority of U.S. corn and soybeans are genetically engineered for resistance to Monsanto's Roundup herbicide, a potent killer of milkweed, the monarch caterpillar's only food. The dramatic surge in the use of Roundup ... has virtually wiped out milkweed plants in the Midwest's corn and soybean fields. Overall monarchs have declined by more than 80 percent over the past two decades. In the mid-1990s the population was estimated at nearly one billion butterflies, but this year’s population is down to approximately 93 million butterflies. The [Trump] administration is determined to defang the Endangered Species Act while a review of the monarch's status under the ESA is pending.

Note: Recently, Monsanto's Roundup herbicide was also linked to the rapid decline of bee populations by a major study. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and GMOs.

Dewayne Johnson tries not to think about dying. Doctors have said the 46-year-old cancer patient could have months to live. The father of three and former school groundskeeper has been learning to live with the gift and burden of being in the spotlight in the month since a California jury ruled that Monsanto caused his terminal cancer. The historic verdict against the agrochemical corporation, which included an award of $289m, has ignited widespread health concerns about the world’s most popular weedkiller. Johnson ... was the first person to take Monsanto to trial on allegations that the global seed and chemical company spent decades hiding the cancer risks of its herbicide. He is also the first to win. The groundbreaking verdict further stated that Monsanto “acted with malice” and knew or should have known that its chemicals were “dangerous”. The chemical that changed Johnson’s life is glyphosate, which Monsanto began marketing as Roundup in 1974. The corporation presented the herbicide as a technological breakthrough that could kill nearly every weed without posing dangers to humans or the environment. Roundup products are now registered in 130 countries. Glyphosate can be found in food, water sources and agricultural workers’ urine. Research ... has repeatedly raised concerns about potential harms linked to the herbicide. In 2015, the World Health Organization’s international agency for research on cancer classified glyphosate as “probably carcinogenic to humans”.

Note: The EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. A recent independent study published in a scientific journal also found a link between glyphosate and gluten intolerance. Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Recently, secret documents have been unearthed detailing what the energy industry knew about the links between their products and global warming. In the 1980s, oil companies like Exxon and Shell carried out internal assessments of the carbon dioxide released by fossil fuels, and forecast the planetary consequences of these emissions. In 1982, for example, Exxon predicted that by about 2060, CO2 levels would reach around 560 parts per million double the preindustrial level and that this would push the planets average temperatures up by about 2C over then-current levels. in 1988, an internal report by Shell projected similar effects but also found that CO2 could double even earlier, by 2030. Privately, these companies did not dispute the links between their products, global warming, and ecological calamity. On the contrary, their research confirmed the connections. The effect is all the more chilling in view of the oil giants refusal to warn the public about the damage that their own researchers predicted. Although the details of global warming were foreign to most people in the 1980s, among the few who had a better idea than most were the companies contributing the most to it. Despite scientific uncertainties, the bottom line was this: oil firms recognized that their products added CO2 to the atmosphere, understood that this would lead to warming, and calculated the likely consequences. And then they chose to accept those risks on our behalf, at our expense, and without our knowledge.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and climate change.

A little-known, billionaire-funded organization, called Americans for Prosperity (AFP), has tilted American politics to the right. [It] is at the center of the political network created and directed by the billionaire conservative industrialists, Charles and David Koch. AFP has quietly pushed behind the scenes for many of the most important conservative victories across the nation, including the anti-union bills that passed in former union strongholds such as Wisconsin, Michigan, and Ohio. AFP’s laser-like focus on anti-union legislation ... reflects strategic calculations. AFP has recognized that to make lasting change in US politics, the Koch network would need to permanently weaken the organizations that support liberal candidates and causes – and above all, the labor movement. In constructing AFP, the Kochs have created a vehicle that is perfectly positioned to reshape American politics. AFP focuses on both elections and policy battles at all levels of government. Its activities are mostly centrally directed. And even though grassroots participants do not have much say in the direction of the group, AFP has nearly 3 million citizen activists signed up to mobilize for candidates and policy causes. Taken together, AFP’s grassroots volunteers and staffing rival those of the Republican party itself. By providing resources to support GOP candidates and officials, and exerting leverage on them once elected, AFP has been able to pull the Republican party to the far right on economic, tax and regulatory issues.

Note: The Koch brothers' secretive empire spent nearly $1 billion on US elections in 2016. Along with opposing organized labor, this empire has been killing public transit projects across the country. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the manipulation of public perception.

On Saturday, September 13th, 2008, the world was about to end. The New York Federal Reserve was a zoo. The crowd included future Treasury Secretary Timothy Geithner, then-Treasury Secretary (and former Goldman Sachs CEO) Hank Paulson, the representatives of multiple regulatory offices, and the CEOs of virtually every major bank in New York. In the twin collapses of top-five investment bank Lehman Brothers and insurance giant AIG, Wall Street saw a civilization-imperiling ball of debt hurtling its way. The legend of that meeting ... is that the tough-minded bank honchos found a way to scrape up just enough cash to steer the debt-comet off course. The plan included a federal bailout of incompetent AIG, along with key mergers – Bank of America buying Merrill, Barclays swallowing the sinking hull of Lehman, etc. The legend is bull. Accurate chronicles of the crisis period [include] the just-released Financial Exposure by Elise Bean of the Senate Permanent Subcommittee on Investigations. The crisis response dramatically accelerated two huge problems. First, we made Too Big To Fail worse by making the companies even bigger and more dangerous through ... state-aided mergers. In the next crisis, letting losers lose will be even more unimaginable. Secondly, an already-serious economic inequality issue became formalized. The people responsible for the crisis weren’t just saved, but made beneficiaries of another decade of massive unearned profits.

Note: For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and income inequality.

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.