Government Corruption Media Articles

Excerpts of Key Government Corruption Media Articles in Major Media

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

TERRY GROSS: James Risen [is] an investigative reporter for The New York Times. He, along with Eric Lichtbau, broke the story about warrantless wiretapping. Now Risen is facing a prison sentence for refusing to reveal his source or sources for that story. [Risen] has a new book called "Pay Any Price: Greed, Power And Endless War," which is a series of investigations into who's making money on the War on Terror and what are some of the secret operations within it. You recently wrote an article in The New York Times with Laura Poitras who broke the Edward Snowden story along with Glenn Greenwald. And you reported on how American intelligence is trying to harvest facial imagery with the intention of - what's it for? RISEN: Facial recognition ... in a way that no [one] really understood before has become a central focus of the NSA today. They can link that up with a signals intelligence, which is the communications that they intercept [and] basically find where you are, what you're doing, who you're seeing and virtually anything about you in real time. GROSS: So ... your big story turned out kind of differently than the celebrations facing Woodward and Bernstein. RISEN: I think the times have changed. We had this period in journalism for about 30 years where there was the government and the press. The government ... wouldn't go after whistleblowers or reporters very aggressively. It's only after the - after 9/11 and after the plane case, which you may remember where Judy Miller was sent to jail. I think the post-9/11 age, the government has decided to become much more aggressive against reporters and whistleblowers.

Note: The above quotes are from the transcript of a radio interview that you can listen to by clicking on the news story link provided. For more along these lines, see concise summaries of deeply revealing stories about high level manipulation of mass media from reliable sources.

The mysterious workings of a Pentagon office that oversees clandestine operations are unraveling in federal court, where a criminal investigation has exposed a secret weapons program ... to manufacture an untraceable batch of automatic-rifle silencers. The silencers — 349 of them — were ordered by a little-known Navy intelligence office at the Pentagon known as the Directorate for Plans, Policy, Oversight and Integration. The directorate is composed of fewer than 10 civilian employees, most of them retired military personnel. Court records filed by prosecutors allege that the Navy paid the auto mechanic — the brother of the directorate’s boss — $1.6 million for the silencers, even though they cost only $10,000 in parts and labor to manufacture. If the foreign-made weapons were equipped with unmarked silencers, the source said, the weapons could have been used by U.S. or foreign forces for special operations in other countries without any risk that they would be traced back to the United States. No documentation has surfaced in court to indicate that Navy officials formally signed off on the silencer project, although many pretrial motions have been filed under seal. Hall, the directorate official charged with illegally purchasing the silencers, has asserted that he received verbal approval for the secret program from Robert C. Martinage, a former acting undersecretary of the Navy, according to statements made during pretrial hearings. Martinage was forced to resign in January after investigators looking into the silencer deal found evidence that he had engaged in personal misconduct ... unrelated to the silencer contract.

Note: For more along these lines, see concise summaries of deeply revealing stories about questionable intelligence agency practices from reliable sources.

In 2003, caravans of trucks began to arrive at Andrews Air Force Base outside Washington on a regular basis, unloading an unusual cargo — pallets of shrink-wrapped $100 bills. The cash, withdrawn from Iraqi government accounts held in the United States, was loaded onto Air Force C-17 transport planes bound for Baghdad. Exactly what happened to that money after it arrived? Finding the answer became first the job and then the obsession of Stuart W Bowen Jr. His investigators finally had a breakthrough, discovering that $1.2 billion to $1.6 billion had been stolen and moved to a bunker in rural Lebanon. Bowen kept the discovery and his investigation of the cash-filled bunker ... secret. He has never publicly discussed it until now. “Billions of dollars have been taken out of Iraq over the last ten years illegally,” he said. The money ... came from the Development Fund of Iraq, which was created by a United Nations resolution in May 2003 to hold Iraqi oil revenue. An advantage of using the cash from the Development Fund instead of money appropriated by Congress for Iraq was that there were not a lot of rules governing its use, and no federal regulations or congressional oversight of what happened to it. The CIA expressed little interest in pursuing the matter, and the FBI said it lacked jurisdiction, Bowen recalled. An informant told [Bowen] about the bunker, which in addition to the cash, was believed to also have held approximately $200 million in gold belonging to the Iraqi government.

Note: For more along these lines, see concise summaries of deeply revealing news articles about wartime deceptions and government secrecy from reliable major media sources.

Last week, a federal judge told us what we already knew. Namely, that police in Ferguson, Mo. violated the rights of protesters demonstrating against the shooting death of Michael Brown. U.S. District Judge Catherine Perry struck down an ad hoc rule under which cops had said people could not stand still while peacefully protesting. Still, one’s sense of righteous vindication is tempered by the fact that police felt free to try this absurd stratagem in the first place — and by the fact that this was hardly the only recent example of police using the Constitution for Kleenex. Ferguson, let us not forget, is also the town where reporters were tear gassed and jailed and photographers ordered to stop taking pictures. In our unthinking mania for laws to “get tough on crime,” we actually made it tougher on ourselves, altering the balance of power between people and police to the point where a cop can now take your legally-earned money off your sovereign person and there’s little you can do about it. Indeed, at the height of the Ferguson protests, an L.A. cop named Sunil Dutta published in the Washington Post an Op-Ed advising that, “if you don’t want to get shot, tased, pepper-sprayed, struck with a baton or thrown to the ground, just do what I tell you.” Don’t argue, he said, even if you “believe (or know)” your rights are being violated. Deal with it later. It’s all well and good that now, several weeks after the fact, a court affirms the rights Ferguson police denied. But that’s a poor consolation prize. An argument can be made that rights which aren’t respected in the moment they are asserted are not really rights at all.

Note: For more on the history of civil rights violations in Ferguson, MO, see this deeply revealing news article. For more along these lines, see concise summaries of recent news articles about the erosion of our civil liberties from reliable major media sources.

[National security letters], the reach of which was expanded under the Patriot Act in 2001, let the FBI get business records from telephone, banking, and Internet companies with just a declaration that the information is relevant to a counterterrorism investigation. The FBI can get such information with a subpoena or another method with some judicial oversight. Can the government make demands for data entirely in secret? That was the question yesterday before a federal appeals court in San Francisco, where government lawyers argued that National Security Letters — FBI requests for information that are so secret they can’t be publicly acknowledged by the recipients — were essential to counterterrorism investigations. One of the judges seemed to question why there was no end-date on the gag orders, and why the burden was on the recipients of NSLs to challenge them. “It leaves it to the poor person who is subject to those requirements to just constantly petition the government to get rid of it,” said the judge, N. Randy Smith. The FBI sends out thousands of NSLs each year – 21,000 in fiscal year 2012. Google, Yahoo, Facebook and Microsoft filed a brief in support of the NSL challenge, arguing that they want to “publish more detailed aggregate statistics about the volume, scope and type of NSLs that the government uses to demand information about their users.” Twitter also announced this week that it was suing the U.S. government over restrictions on how it can talk about surveillance orders. Tech companies can currently make public information about the number of NSLs or Foreign Intelligence Surveillance Court orders they receive in broad ranges, but Twitter wants to be more specific.

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

America spends a fortune on drugs, more per person than any other nation on earth, even though Americans are no healthier than the citizens of other advanced nations. Of the estimated $2.7 trillion America spends annually on health care, drugs account for 10 percent of the total. Government pays some of this tab through Medicare, Medicaid and subsidies under the Affordable Care Act. But we pick up the tab indirectly through our taxes. We pay the rest of it directly, through higher co-payments, deductibles and premiums. Drug company payments to doctors are a small part of a much larger strategy by Big Pharma to clean our pockets ... The drug companies say they need the additional profits to pay for researching and developing new drugs. But the government supplies much of the research Big Pharma relies on, through the National Institutes of Health. Meanwhile, Big Pharma is spending more on advertising and marketing than on research and development -- often tens of millions to promote a single drug. And it's spending hundreds of millions more every year on lobbying. Last year alone, the lobbying tab came to $225 million, according to the Center for Responsive Politics. That's more than the formidable lobbying expenditures of America's military contractors. In addition, Big Pharma is spending heavily on political campaigns. In 2012, it shelled out over $36 million, making it the biggest political contributor of all American industries.

Note: Read how cancer research is crippled by the greed of drug companies in the New York Times article Profits Over Patients. For more along these lines, see concise summaries of deeply revealing health corruption news articles from reliable major media sources.

Addicted to each other’s power and money, the political parties and their corporate donors are constantly trying to enlarge their relationship out of sight of the American public. An accidental Internet disclosure last month showed that the stealthy form of political corruption known as “dark money” now fully permeates governor’s offices around the country, allowing corporations to push past legal barriers and gather enormous influence. This has been going on nationally for several years ... after wealthy interests claimed that a series of legal decisions allowed them to give unlimited and undisclosed amounts to “social welfare” groups that pretended not to engage in politics. (The tax code prohibits these groups from having politics as a primary purpose.) Now it turns out that both the Republican and Democratic governors’ associations have also set up social welfare groups ... with the purpose of raising secret political money. Thanks to the computer slip ... we now know some of the people and corporations that secretly contributed. Companies that gave at the highest level (more than $250,000) included Exxon Mobil, the Corrections Corporation of America, Pfizer and the Koch companies. In exchange for their private donations, “members” of [one key] group were invited to a symposium last year [where] they were allowed to meet with (and lobby) some of the highest-ranking officials and regulators in states with Republican governors. Big donors are given “the greatest opportunity possible to meet and talk informally with the Republican governors and their key staff members.” The Democratic Governors Association does exactly the same thing, regularly providing access to top state executives in exchange for large contributions. Both parties are routinely selling access to the nation’s governors and their staffs to those with the most resources.

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

Any doubts about whether Endless War ... is official American doctrine should be permanently erased by this week’s comments from two leading Democrats, both former top national security officials in the Obama administration. Leon Panetta, the long-time Democratic Party operative who served as Obama’s Defense Secretary and CIA Director, said this week of Obama’s new bombing campaign: “I think we’re looking at kind of a 30-year war.” He criticized Obama ... for being insufficiently militaristic. Then we have Hillary Clinton [who] at an event in Ottawa yesterday ... proclaimed that the fight against these “militants” will “be a long-term struggle” that should entail an “information war” as “well as an air war.” The new war, she said, is “essential” and the U.S. shies away from fighting it “at our peril.” Like Panetta (and most establishment Republicans), Clinton made clear ... that virtually all of her disagreements with Obama’s foreign policy were the by-product of her view of Obama as insufficiently hawkish, militaristic and confrontational. “Endless War” is not dramatic rhetorical license but a precise description of America’s foreign policy. It’s not hard to see why. A state of endless war justifies ever-increasing state power and secrecy and a further erosion of rights. It also entails a massive transfer of public wealth to the “homeland security” and weapons industry (which the US media deceptively calls the “defense sector”). The War on Terror ... was designed from the start to be endless. This war ... thus enables an endless supply of power and profit to flow to those political and economic factions that control the government regardless of election outcomes.

Note: Read the prophetic writings of one of the most highly decorated US generals ever describing how he discovered after retirement that war is created by bankers and mega-corporations to funnel ever more tax-payer money into their coffers. For more along these lines, see the excellent, reliable resources provided in our War Information Center.

As the United States charges once more into war, little debate has centered on the actual utility of war. Instead, policymakers and pundits have focused their comments on combating the latest danger to our nation and its interests. In late August, Secretary of Defense Chuck Hagel claimed Islamic State was an “imminent threat to every interest we have” and that the sophisticated group was “beyond anything we've seen.” With few dissenting voices, either in Congress or in the American media, U.S. air forces plunged again into the unstable region of the Middle East. For well over a decade — one might suggest over multiple decades — the United States has been engaged in war, yet so few in the public sphere seem willing to ask, as a Vietnam-era hit song did: “War, what is it good for?” It seems plausible to argue that war is a phenomenon increasingly serving itself rather than any durable political goals. War as a political tool has more and more demonstrated its inability to deliver. As historian Mary Dudziak has artfully suggested, “Military conflict has been ongoing for decades, yet public policy rests on the false assumption that it is an aberration.” If war provides meaning, why, as Dudziak asks, does military engagement no longer require “the support of the American people but instead their inattention”? If a theory of forward defense, of fighting on someone else's shores rather than our own, is the rationale for constant war, when will we achieve a sense of national security that no longer requires constant battle? What if peace never comes? What if war only engenders new enemies and new threats? War ... has not assuaged our fears of vulnerability. It has not left us with a more stable international environment. So we come back to that song's question: “War, what is it good for?” And we have to at least consider the song's answer: “Absolutely nothing.”

Note: Kudos to the LA Times for publishing this article, though it fails to mention that war is very good for lining the pockets of all involved with the huge warm industry. Read the prophetic writings of one of the most highly decorated US generals ever describing how he discovered after retirement that war is created by mega-corporations to funnel ever more tax-payer money into their coffers. For more along these lines, see the excellent, reliable resources provided in our War Information Center.

My biggest battle with the NSA came before my book [The Puzzle Palace] was even published. I had obtained the criminal file that the Justice Department had opened on the NSA. Marked as Top Secret, the file was so sensitive that only two original copies existed. Never before or since has an entire agency been the subject of a criminal investigation. Senior officials at the NSA were even read their Miranda rights. Issued on June 6, 1975, the report noted that both the NSA and CIA had engaged in questionable and possibly illegal electronic surveillance. As a result, Attorney General Edward Levi established a secret internal task force to look into the potential for criminal prosecution. Focusing particularly on NSA, the task force probed more deeply into domestic eavesdropping than any part of the executive branch had ever done before. The report’s prosecutive summary also pointed to the NSA’s top-secret “charter” issued by the Executive Branch, which exempts the agency from legal restraints placed on the rest of the government. This ... meant the NSA did not have to follow any restrictions placed on electronic surveillance “unless it was expressly directed to do so.” In short, the report asked, how can you prosecute an agency that is above the law? More than three decades later, the NSA, like a mom-and-pop operation that has exploded into a global industry, now employs sweeping powers of surveillance that Frank Church could scarcely have imagined in the days of wired phones and clunky typewriters. At the same time, the Senate intelligence committee he once chaired has done an about face, protecting the agencies from the public rather than the public from the agencies. Without adequate oversight, or penalties for abuse, the only protection that citizens have comes not from Congress or the courts, but from whistleblowers.

Note: James Bamford is the courageous ABC producer and investigative reporter who first exposed the declassified Operation Northwoods files in the May of 2001. These files showed beyond a shadow of a doubt that the top Pentagon generals were willing to carry out false flag terrorism activities which would kill innocent civilians in order to foment war fever against Cuba. Yet only ABC News out of all the major media outlets was willing to report this most shocking news. Don't miss the entire, highly revealing article by Bamford at the link above.

As part of their insurgency against the Sandinista government in Nicaragua, some of the C.I.A.-backed contras made money through drug smuggling, transgressions noted in a little-noticed 1988 Senate subcommittee report. Gary Webb, a journalist at The San Jose Mercury News, thought it was a far-fetched story to begin with, but in 1995 and 1996, he dug in and produced a deeply reported and deeply flawed three-part series called Dark Alliance. That groundbreaking series was among the first to blow up on the nascent web, and he was initially celebrated, then investigated and finally discredited. Pushed out of journalism in disgrace, he committed suicide in 2004. [The movie] Kill the Messenger ... suggests that he told a truth others were unwilling to. Mr. Webb was not the first journalist to come across [such matters]. In December 1985, The Associated Press reported that three contra groups had engaged in cocaine trafficking, in part to help finance their war against Nicaragua. Major news outlets mostly gave the issue a pass. Peter Landesman, an investigative journalist who wrote the screenplay, was struck by the reflex to go after Mr. Webb. Planeloads of weapons were sent south from the U.S., and everyone knows that those planes didnt come back empty, but the C.I.A. made sure that they never knew for sure what was in those planes, he said. But instead of going after that, they went after Webb." In 1998, Frederick P. Hitz, the C.I.A. inspector general, testified before the House Intelligence Committee that after looking into the matter at length, he believed the C.I.A. was a bystander or worse in the war on drugs. However dark or extensive, the alliance Mr. Webb wrote about was a real one.

Note: Webb's story was not deeply flawed, as reported in this article. His editor even commented that four Washington Post writers could not find one significant factual error, but then changed his mind after CIA leaders threatened the paper. Read a Sacrament Bee newspaper article for more on Webb and his story. For more along these lines, see the excellent, reliable resources provided in our Mass Media Information Center.

Did anyone ever doubt that the New York Fed was in hock to Wall Street? Or that Fed bank examiners ... might fear alienating the powerful financiers on whom they depend for information or future jobs? It’s one thing to know and another to hear in painful, crackling detail how the Fed’s financial cops slip on their velvet gloves to deal with Goldman Sachs. Or how Segarra, one of a group of examiners brought in after the financial crisis to keep a closer watch on the till, was fired, perhaps for doing her job. Consider one of the shady deals highlighted on the secret tapes of New York Fed meetings, which Segarra made with a spy recorder before she was let go and which were made public on Sept. 26. The Fed employees, who work inside the banks they examine (yes, it’s literally an inside job), knew the deal was dodgy. Numerous experts believe that the size of the financial sector is slowing growth in the real economy by sucking the monetary oxygen out of the room. Banks don’t want to lend; they want to trade, often via esoteric deals that do almost nothing for anyone outside Wall Street. This disconnect between the real economy and finance is now being closely studied by policymakers and academics. Adair Turner, a former British banking regulator, thinks that only about 15% of U.K. financial flows go to the real economy; the rest stay within the financial system, propping up existing corporate assets, supporting trading and enabling $40 million briefcase-watching fees. If the New York Fed really wants to redeem itself, it might consider commissioning a similar study to look at Wall Street’s contribution to the U.S. economy.

Note: For more along these lines, see concise summaries of deeply revealing financial news articles from reliable major media sources. For more along these lines, see the excellent, reliable resources provided in our Banking Corruption Information Center.

The Y-12 nuclear weapons plant in Oakridge, Tennessee, is supposed to be impregnable. But on July 28th 2012, an 84 year-old nun called Sister Megan Rice broke through a series of high-security fences surrounding the plant and reached a uranium storage bunker at the center of the complex. She was accompanied by Greg Boertje-Obed (57) and Michael Walli (63). The trio ... sat down for a picnic. When the security guards arrived they offered them some bread. Two years later, Rice, Walli and Boertje-Obed were sentenced to federal prison terms of between three and five years, plus restitution in the amount of $53,000 for damage done to the plant - far in excess of the estimates produced at their trial. When questioned about her actions at her trial by Judge Amul Thapar, Rice told him that her actions were intended to draw attention to the US stockpile of nuclear weapons that she and her co-defendants felt was illegal and immoral. They also wanted to expose the ineffectiveness of the security systems that were supposed to protect these weapons from theft or damage. “We were acutely mindful of the widespread loss to humanity that nuclear weapons have already caused,” wrote Rice afterwards in a letter to her supporters, “and we realize that all life on earth could be exterminated through intentional, accidental or technical error. Our action exposed the storage of weapons-making materials deliberately hidden from the general public.” All three defendants were found guilty of “sabotage of the national defense.” Just before they were sentenced, Rice made a statement to the court which ended like this: “We have to speak, and we’re happy to die for that. To remain in prison for the rest of my life is the greatest honor that you could give me. Please don’t be lenient with me. It would be an honor for that to happen.”

Note: If you would like to receive copies of Sister Rice’s letters to her supporters, please email [email protected]. Mailing addresses for Sister Rice and her co-defendants can be found here and here. You can also sign a petition requesting their pardon.

Sen. Elizabeth Warren, a Democrat from Massachusetts, says newly released recordings of conversations between Federal Reserve officials show that the same kind of cozy relationships that led to the 2008 financial crisis still dominate Wall Street. "You really do, for a moment, get to be the fly on the wall that watches all of it, and there it is to be exposed to everyone: the cozy relationship, the fact that the Fed is more concerned about its relationship with a too-big-to-fail bank than it is with protecting the American public," Warren says. The recordings don't reveal anything outright illegal. Instead, they reveal Fed officials discussing "legal but shady" transactions and then wringing their hands over how to delicately bring them up with the bank. Warren, who before coming into office led an effort to create the U.S. Consumer Financial Protection Bureau, says that trepidation is another thing wrong with regulators today. "The fact that Goldman could mount a legal defense here is not really the point of these tapes. The point of these tapes is that the regulators are backing off long before anyone's in court making a legal argument about whether or not they came right up to the line or they crossed over the line." The bottom line, Warren says, is that the United States needs regulators "who understand that they work for the American people, not for the big banks."

Note: For more on this, see concise summaries of deeply revealing financial corruption news articles from reliable major media sources.

Australia has changed radically since last week though it might not look like it on the surface. Late Thursday night the Senate passed the National Security Amendment Bill (No.1) 2014 giving unlimited power to spies and secret police. Now officials can break the law with immunity from prosecution - and without having to answer to a court. They can act in total secrecy. They will decide what they do and to whom and when. They do not have to ask permission. They will choose when to interfere in your life and when they won't. They can dip into your most private communications and they don't need a warrant to do so. Sometimes they will do it because it is necessary to fight crime. Sometimes because they enjoy it. If they mess up your life and you tell anybody, you will get 10 years' jail – even if it doesn't harm security. When a Special Intelligence Operation (SIO) is declared then any participant can break the law on you with no consequences, according to Schedule 3 section 35k. There are broad limits. They cannot kill or torture you, or cause significant physical injury. Minor injury or mental torment is fine. Anyone involved in an SIO will have these powers – but who are they? ASIO, with 1778 staff. The Australian Federal Police, with more than 6900 staff. NSW Police with about 16,370 officers and a spy database called COPS which has more than 30 million entries on the people of NSW. But not just them. Anyone involved in an SIO enjoys legal immunity, including affiliates and subcontractors – whoever they are. Many Senators clearly hadn't read the 128 pages of major legal changes in the NSA Bill. The citizen needs protection from the state built into the laws and that is what they smashed on Thursday.

Note: For more on this, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

As the Obama Administration prepared to bomb Syria without congressional or U.N. authorization, it faced two problems. The first was the difficulty of sustaining public support for a new years-long war against ISIS, a group that clearly posed no imminent threat to the “homeland.” A second was the lack of legal justification for launching a new bombing campaign. The solution to both problems was found in the wholesale concoction of a brand new terror threat that was branded “The Khorasan Group.” After spending weeks depicting ISIS as an unprecedented threat — too radical even for Al Qaeda! — administration officials suddenly began spoon-feeding their favorite media organizations ... tales of a secret group that was even scarier and more threatening than ISIS, one that posed a direct and immediate threat to the American Homeland. The unveiling of this new group was performed in a September 13 article by the Associated Press, who cited unnamed U.S. officials. AP depicted the U.S. officials who were feeding them the narrative as engaging in some sort of act of brave, unauthorized truth-telling. On the morning of September 18, CBS News broadcast a segment that is as pure war propaganda as it gets: directly linking the soon-to-arrive U.S. bombing campaign in Syria to the need to protect Americans from being exploded in civilian jets by Khorasan. As usual, anonymity was granted to U.S. officials to make these claims. As usual, there was almost no evidence for any of this. Nonetheless, American media outlets — eager, as always, to justify American wars — spewed all of this with very little skepticism. Worse, they did it by pretending that the U.S. government was trying not to talk about all of this — too secret! — but they, as intrepid, digging journalists, managed to unearth it from their courageous “sources.”

Note: Read the entire informative article to see how the media participates in manipulating unsuspecting citizens into more war. For more on this, see concise summaries of deeply revealing media corruption news articles from reliable major media sources.

U.S. Senator Elizabeth Warren called for congressional hearings into allegations that the Federal Reserve Bank of New York has been too deferential to the firms it regulates. A radio program about the regional Fed bank raised “disturbing issues.” “It’s our job to make sure our financial regulators are doing their jobs,” Warren, a Massachusetts Democrat and member of the Senate Banking Committee, said in a statement yesterday. The program “This American Life” released the transcript of a broadcast that includes excerpts of conversations it said were secretly recorded by Carmen Segarra, a former New York Fed bank examiner who was fired in 2012, with some of her colleagues and her supervisor. In the transcript, Segarra described how she felt that her Fed colleagues were afraid of Goldman Sachs Group Inc. and handled it with kid gloves. Senator Sherrod Brown, an Ohio Democrat who’s also on the banking committee, backed Warren’s call for a probe. Segarra sued the New York Fed last October, alleging she was fired in May 2012 after refusing to change her findings on the conflict-of-interest policy. In 2009, New York Fed President William C. Dudley commissioned a probe into his own institution’s practices by David Beim, a finance professor at Columbia Business School. In a report submitted that year and released by the Financial Crisis Inquiry Commission in 2011, Beim wrote that a number of people he interviewed at the reserve bank “believe that supervisors paid excessive deference to banks and as a result they were less aggressive in finding issues or in following up on them in a forceful way.”

Note: Listen to these revealing recordings and more. For more on this, see concise summaries of deeply revealing financial corruption news articles from reliable major media sources.

Helen Davis Chaitman, the lead attorney for Madoff’s victims and the author of The Law of Lender Liability, and Lance Gotthoffer, one of our nation’s premier litigators, are blowing the whistle on JPMorgan Chase big time. Their explosive ... book [is titled], “JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook.” This book is ... about the incestuous relationship between so-called U.S. federal prosecutors, politicians for whom they worked, and the flow of Wall Street money to those politicians. JPMC knew, for 20 years, that Madoff was conducting illegal transactions in his account at the Bank. JPMC had a unique window into Madoff’s crimes. And they said nothing to federal authorities ... in clear violation of our banking laws. In 1994 a JPMC officer wrote a memo analyzing the check kiting and calling it “outrageous.” But what he thought was outrageous was not that Madoff [was] violating the law, but that [he was] being paid interest by the Bank on uncleared funds. As a result, JPMC allowed the transactions to continue but required Levy and Madoff to pay back the interest the Bank had paid them on uncleared funds. In January 2014, JPMC paid over $3 billion to settle civil and criminal charges that it violated the law in its dealings with Madoff. They [had] waited until after Madoff confessed and was arrested to report to United States law enforcement that Madoff might have been operating illegally.

Note: JP Morgan Chase's role in the Madoff scandal is outrageous, but it is relatively minor in comparison to the massive securities fraud and cover-up perpetrated by this and other big banks in cooperation with corrupt government officials. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.

Qatar has become a hostile target for two nations with significant influence in the U.S.: Israel and the United Arab Emirates. Israel is furious over Qatar’s support for Palestinians ... while the UAE is upset that Qatar supports the Muslim Brotherhood in Egypt. This animosity has resulted in a new campaign in the west to demonize the Qataris as the key supporter of terrorism. The Israelis have chosen the direct approach of publicly accusing their new enemy in Doha of being terrorist supporters, while the UAE has opted for a more covert strategy: paying millions of dollars to a U.S. lobbying firm – composed of former high-ranking Treasury officials from both parties – to plant anti-Qatar stories with American journalists. That more subtle tactic has been remarkably successful, and shines important light on how easily political narratives in U.S. media discourse can be literally purchased. The Camstoll Group [has] key figures [who] are all former senior Treasury Department officials ... whose responsibilities included managing the U.S. government’s relationships with Persian Gulf regimes and Israel. Most have backgrounds as neoconservative activists. Camstoll’s Managing Director, Howard Mendelsohn, was Acting Assistant Secretary of Treasury, where he also had ample policy responsibilities involving the Emirates. In other words, a senior Treasury official responsible for U.S. policy toward the Emirates leaves the U.S. government and forms a new lobbying company, which is then instantly paid millions of dollars by the very same country for which he was responsible, all to use his influence, access and contacts for its advantage. The UAE spends more than any other country in the world to influence U.S. policy and shape domestic debate, and it pays former high-level government officials who worked with it ... to carry out its agenda within the U.S.

Led by Lockheed Martin Corp. (LMT), the biggest U.S. defense companies are trading at record prices as shareholders reap rewards from escalating military conflicts around the world. Investors see rising sales for makers of missiles, drones and other weapons as the U.S. hits Islamic State fighters in Syria and Iraq, said Jack Ablin, chief investment officer at Chicago-based BMO Private Bank. “As we ramp up our military muscle in the Mideast, there’s a sense that demand for military equipment and weaponry will likely rise,” said Ablin, who oversees $66 billion including Northrop Grumman Corp. (NOC) and Boeing Co. (BA) shares. “To the extent we can shift away from relying on troops and rely more heavily on equipment -- that could present an opportunity.” Bombardments of Islamic State strongholds added to tensions this year that include U.S.-led sanctions on Russia for backing Ukrainian rebels. The U.S. also is the biggest foreign military supplier to Israel, which waged a 50-day offensive against the Hamas Islamic movement in the Gaza Strip. A Bloomberg Intelligence gauge of the four largest Pentagon contractors ... rose 19 percent this year through yesterday, outstripping the 2.2 percent gain for the Standard & Poor’s 500 Industrials Index. Lockheed, the world’s biggest defense company, reached an all-time high of $180.74 on Sept. 19, when Northrop, Raytheon Co. (RTN) and General Dynamics Corp. (GD) also set records. That quartet and Chicago-based Boeing accounted for about $105 billion in federal contract orders last year. U.S. lawmakers including Representative Peter King, a New York Republican, have suggested that the new global threats could prompt Congress to reconsider planned reductions in defense spending.

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

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