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.

The National Security Agency isn't the only government entity secretly collecting data from people's cellphones. Local police are increasingly scooping it up, too. Armed with new technologies, including mobile devices that tap into cellphone data in real time, dozens of local and state police agencies are capturing information about thousands of cellphone users at a time, whether they are targets of an investigation or not. The records, from more than 125 police agencies in 33 states, reveal [that] about one in four law-enforcement agencies have used a tactic known as a "tower dump," which gives police data about the identity, activity and location of any phone that connects to the targeted cellphone towers over a set span of time, usually an hour or two. A typical dump covers multiple towers, and wireless providers, and can net information from thousands of phones. At least 25 police departments own a Stingray, a suitcase-size device that costs as much as $400,000 and acts as a fake cell tower. The system, typically installed in a vehicle so it can be moved into any neighborhood, tricks all nearby phones into connecting to it and feeding data to police. In some states, the devices are available to any local police department via state surveillance units. Organizations such as the American Civil Liberties Union and Electronic Privacy Information Center say the swelling ability by even small-town police departments to easily and quickly obtain large amounts of cellphone data raises questions about the erosion of people's privacy as well as their Fourth Amendment protections against unreasonable search and seizure.

Note: For more on massive government intrusions of citizens' privacy, see the deeply revealing reports from reliable major media sources available here.

Celiac disease, and, more generally, gluten intolerance, is a growing problem worldwide, but especially in North America and Europe, where an estimated 5% of the population now suffers from it. Symptoms include nausea, diarrhea, skin rashes, macrocytic anemia and depression. It is ... associated with numerous nutritional deficiencies as well as reproductive issues and increased risk to thyroid disease, kidney failure and cancer. Here, we propose that glyphosate, the active ingredient in the herbicide, Roundup, is the most important causal factor in this epidemic. Fish exposed to glyphosate develop digestive problems that are reminiscent of celiac disease. Celiac disease is associated with imbalances in gut bacteria that can be fully explained by the known effects of glyphosate on gut bacteria. Celiac disease patients have an increased risk to non-Hodgkin's lymphoma, which has also been implicated in glyphosate exposure. Reproductive issues associated with celiac disease, such as infertility, miscarriages, and birth defects, can also be explained by glyphosate. Glyphosate residues in wheat and other crops are likely increasing recently due to the growing practice of crop desiccation just prior to the harvest. We conclude with a plea to governments to reconsider policies regarding the safety of glyphosate residues in foods.

Note: As this is from a scientific journal, the language may not be easy to follow, yet the link between RoundUp, which contains glyphosate, and gluten intolerance is clear. This chart from the article shows how increasing incidence of thyroid cancer relates to increasing use of glyphosate on corn and soy crops in the US. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

The European Union has levied a record antitrust fine of €1.71 billion ($2.3 billion) on six European and U.S. banks and brokers for rigging benchmark interest rates. Deutsche Bank was hit with the single biggest penalty of €725.4 million for participating in illegal cartels to manipulate the Euro Interbank Offered Rate, or Euribor, and London interbank offered rate, or Libor. "What is shocking about the Libor and Euribor scandals is ... the collusion between banks who are supposed to be competing with each other," said Joaquin Almunia, Europe's top antitrust official. Other banks fined [were] Societe Generale (€446 million), Royal Bank of Scotland (€391 million), JP Morgan (€79.9 million) and Citigroup (€70 million). U.K.-based broker RP Martin was fined €247,000 for facilitating one infringement. EU investigators said the Euribor cartel operated for nearly three years between 2005 and 2008, as traders discussed submissions used to calculate the benchmark rate, and compared trading and pricing strategies. They also discovered illegal collusion in the setting of Libor in Japanese yen between 2007 and 2010. UBS and Barclays, [which] have already been fined by regulators in the U.K. and U.S. for Libor rigging, were spared further punishment because they cooperated with the European Commission investigation. They dodged new fines of €2.5 billion and €690 million respectively. The scandal broke in the middle of 2012 when Barclays admitted trying to manipulate Libor, which together with related rates is used to price trillions of dollars of financial products around the world.

Note: Notice that no one is going to jail and no one is being personally fined for these incredibly outrageous manipulations. For an analysis that argues the "record fines" are really just a "slap on the wrist" for the big banks, click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.

An alliance of corporations and conservative activists is mobilising to penalise homeowners who install their own solar panels – casting them as "freeriders" – in a sweeping new offensive against renewable energy. Over the coming year, the American Legislative Exchange Council (ALEC) will promote legislation with goals ranging from penalising individual homeowners and weakening state clean energy regulations, to blocking the Environmental Protection Agency, [the government's] main channel for climate action. Details of ALEC's strategy to block clean energy development at every stage – from the individual rooftop to the White House – are revealed as the group gathers for its policy summit in Washington this week. About 800 state legislators and business leaders are due to attend the three-day event, which begins ... with appearances by the Wisconsin senator Ron Johnson and the Republican budget guru and fellow Wisconsinite Paul Ryan. Other ALEC speakers will be a leading figure behind the recent government shutdown, US senator Ted Cruz of Texas, and the governors of Indiana and Wyoming. For 2014, ALEC plans to promote a suite of model bills and resolutions aimed at blocking Barack Obama from cutting greenhouse gas emissions, and state governments from promoting the expansion of wind and solar power through regulations known as Renewable Portfolio Standards. ALEC [wants] to lower the rate electricity companies pay homeowners for direct power generation – and maybe even charge homeowners for feeding power into the grid.

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

On December 4th it [was exactly] 44 years since a select unit of 14 Chicago Police officers, on special assignment to Cook County State's Attorney Edward Hanrahan, executed a pre-dawn raid on a west side apartment that left Illinois Black Panther Party leaders Fred Hampton and Mark Clark dead, several other young Panthers wounded, and the seven raid survivors arrested on bogus attempted murder charges. The physical evidence soon exposed the claims of a "shootout" that were made by Hanrahan and his men to be blatant lies, and that the murderous reality was that the police fired nearly 100 shots while the Panthers fired but one. But those lies were only the first layer of a massive cover-up that was dismantled and exposed over the next eight years -- a cover-up designed to suppress the central role of the Federal Bureau of Investigation and its COINTELPRO program in the assassination. The first documentation [of the operation and its cover-up] surfaced in March of 1971 when the Citizens Commission to Investigate the FBI broke into a small FBI office in Media Pennsylvania and expropriated over 1000 FBI documents. These documents exposed the FBI's super-secret and profoundly illegal COINTELPRO program and its focus in the 1960s on the black liberation movement and its leaders. Citing the assassinated Malcolm X as an example, Hoover directed all of the Bureau's Offices to "expose, disrupt, misdirect, discredit, and otherwise neutralize" African American organizations and leaders.

Note: For more on the realities of intelligence agency activity, see the deeply revealing reports from reliable major media sources available here.

Europe’s human rights court shone a rare public light [December 3] on the secret network of European prisons that the CIA used to interrogate terrorism suspects, reviving questions about the “extraordinary renditions” that angered many on this continent. At [the] hearing, attorneys for two terrorism suspects currently held by the United States at Guantanamo Bay, Cuba, accused Poland of human rights abuses. The lawyers say the suspects fell victim to the CIA’s rendition program, in which terrorism suspects were kidnapped and transferred to third countries; they allege that the two were tortured in a remote Polish prison. All the prisons were closed by May 2006. Interrogations at sea have replaced CIA “black sites” as the U.S. government’s preferred method for holding terrorism suspects and questioning them without access to lawyers. One of the cases heard [concerns] 48-year-old Saudi national Abd al-Rahim al-Nashiri, who faces U.S. terrorism charges for allegedly orchestrating the al-Qaeda attack on the USS Cole in 2000, a bombing in the Yemeni port of Aden that killed 17 sailors. The second case involves 42-year-old Abu Zubaida, a Palestinian also held in Guantanamo who has never been charged with a crime. Both men say they were brought in December 2002 to Poland, where they were detained and subjected to harsh questioning at a Polish military installation in Stare Kiejkuty, a village in the country’s remote northeast. There they were subject to mock executions, waterboarding and other tortures, including being told their families would be arrested and sexually abused, said Amrit Singh, a lawyer representing Nashiri.

Note: For more on war crimes by the US and UK in the "global war on terror", see the deeply revealing reports from reliable major media sources available here.

[The European Commission's] plans to create a single market incorporating Europe and the United States, progressing so nicely when hardly anyone knew, have been blown wide open. All over Europe people are asking why this is happening; why we were not consulted; for whom it is being done. The Commission insists that its Transatlantic Trade and Investment Partnership should include a toxic mechanism called investor-state dispute settlement. Where this has been forced into other trade agreements, it has allowed big corporations to sue governments before secretive arbitration panels composed of corporate lawyers, which bypass domestic courts and override the will of parliaments. This mechanism could threaten almost any means by which governments might seek to defend their citizens or protect the natural world. Already it is being used by mining companies to sue governments trying to keep them out of protected areas; by banks fighting financial regulation; by a nuclear company contesting Germany's decision to switch off atomic power. No longer able to keep this process quiet, the European commission has instead devised a strategy for lying to us. The message is that the trade deal is about "delivering growth and jobs" and will not "undermine regulation and existing levels of protection in areas like health, safety and the environment". Just one problem: it's not true. From the outset, the transatlantic partnership has been driven by corporations and their lobby groups, who boast of being able to "co-write" it.

Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.

The federal government’s main terrorist watch list has grown to at least 700,000 people, with little scrutiny over how the determinations are made or the impact on those marked with the terrorist label. The government refuses to confirm or deny whether someone is on the list, officially called the Terrorist Screening Database, or divulge the criteria used to make the decisions. Even less is known about the secondary watch lists that are derived from the main one, including the no-fly list (used to prevent people from boarding aircraft), the selectee and expanded selectee lists (used to flag travelers for extra screening at airport checkpoints), the TECS database (used to vet people entering or leaving the United States), the Consular Lookout and Support System (used to screen visa applications) and the known or suspected terrorists list (used by law enforcement in routine police encounters). For people who have landed on these lists, the terrorist designation has been difficult to challenge legally. The Terrorist Screening Center, which administers the main terrorist watch list, declined to discuss its procedures, or to release current data about the number of people on various watch lists, and how many of them are American citizens.

Note: For more on government threats to civil liberties, see the deeply revealing reports from reliable major media sources available here.

Chicago Mayor Rahm Emanuel wants to introduce a mandatory prison sentence for anyone caught with an illegal firearm. But reams of data shows that incarceration creates more crime. One in 100 adults in the U.S. lives behind bars. One in nine African-American men are imprisoned. This country’s addiction to incarceration has not made us safer, but has instead imposed upon us an untenable, senseless tax while unfairly targeting poor communities of color and perpetuating crime and violence in our neighborhoods. Lawmakers on both sides of the aisle and activists on the left and the right are taking action to roll back imprisonment rates. Chicago’s communities have been ravaged by mass imprisonment. The U.S. currently has the dubious distinction of having the highest per capita incarceration rate in the world. And communities on Chicago’s West and South sides have incarceration rates that are double—and sometimes triple—the national average. This is not because more crime occurs in these neighborhoods. A National Institute of Health study that focused on the effects of mass incarceration on Chicago’s neighborhoods found that communities marked by poverty and racial segregation experience incarceration rates that are more than three times higher communities with similar crime rates.

Note: For more on the devastating impacts on society of the government-prison-industrial complex, see the deeply revealing reports from reliable major media sources available here.

Canada allowed the U.S. National Security Agency (NSA) to conduct widespread surveillance during the 2010 Group of 20 summit in Toronto, according to a media report that cited documents from former NSA contractor Edward Snowden. The report by the Canadian Broadcasting Corp ... cited briefing notes it said showed the United States turned its Ottawa embassy into a security command post during a six-day spying operation by the top-secret U.S. agency as President Barack Obama and other world leaders met that June. One of the bylines on the CBC report was Glenn Greenwald, the U.S. journalist who has worked with Snowden on several other NSA stories. CBC ... quoted an NSA briefing note describing the operation as "closely coordinated with the Canadian partner". The Canadian equivalent of the NSA is the Communications Security Establishment Canada, or CSEC. CBC said the documents did not reveal the targets of the NSA operation, but described part of the U.S. eavesdropping agency's mandate at the Toronto summit as "providing support to policymakers". CSEC, which has a very low public profile, employs about 2,000 people. It is part of the so-called Five Eyes intelligence-sharing network that also includes the United States, Britain, New Zealand and Australia. Last month, Brazil angrily demanded an explanation for media reports which said CSEC agents had targeted its mines and energy industry.

Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.

It’s not just the NSA that has been caught spying on Americans. Some of our nation’s largest corporations have been conducting espionage as well, against civic groups. That’s the lesson of a new report on corporate espionage against nonprofit organizations by ... Essential Information. The title of the report is Spooky Business, and it is apt. Spooky Business is like a Canterbury Tales of corporate snoopery: Hiring investigators to pose as volunteers and journalists. Hacking. Wiretapping. Information warfare. Physical intrusion. Investigating the private lives of nonprofit leaders. Dumpster diving using an active duty police officer to gain access to trash receptacles. Electronic surveillance. Many different types of nonprofit civic organizations have been targeted by corporate spies: environmental, public interest, consumer, food safety, animal rights, pesticide reform, nursing home reform, gun control and social justice. A diverse constellation of corporations has planned or executed corporate espionage against these nonprofit civic organizations. Food companies like Kraft, Coca-Cola, Burger King, McDonald’s and Monsanto. Oil companies like Shell, BP and Chevron. Chemical companies like Dow and Sasol. Also involved are the retailers (Wal-Mart), banks (Bank of America), and, of course, the nation’s most powerful trade association: the U.S. Chamber of Commerce. Plenty of mercenary spooks have joined up to abet them, including former officials at the FBI, CIA, NSA, Secret Service and U.S. military. Sometimes even government contractors are part of the snooping.

Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.

British and U.S. intelligence officials say they are worried about a "doomsday" cache of highly classified, heavily encrypted material they believe former National Security Agency contractor Edward Snowden has stored on a data cloud. The cache contains documents generated by the NSA and other agencies and includes names of U.S. and allied intelligence personnel, seven current and former U.S. officials and other sources briefed on the matter said. One source described the cache of still unpublished material as Snowden's "insurance policy" against arrest or physical harm. U.S. officials and other sources said only a small proportion of the classified material Snowden downloaded during stints as a contract systems administrator for NSA has been made public. Some Obama Administration officials have said privately that Snowden downloaded enough material to fuel two more years of news stories. "The worst is yet to come," said one former U.S. official who follows the investigation closely. Snowden ... is believed to have downloaded between 50,000 and 200,000 classified NSA and British government documents. [It is] estimated that the total number of Snowden documents made public so far is over 500. Glenn Greenwald, who met with Snowden in Hong Kong and was among the first to report on the leaked documents for the Guardian newspaper, said the former NSA contractor had "taken extreme precautions to make sure many different people around the world have these archives to insure the stories will inevitably be published."

Note: For more on the realities of intelligence agency operations, see the deeply revealing reports from reliable major media sources available here.

In the early years after Sept. 11, 2001, the CIA turned some Guantanamo Bay prisoners into double agents, sending them home to help the United States kill terrorists, current and former U.S. officials said. The CIA promised the prisoners freedom, safety for their families and millions of dollars from the agencys secret accounts. It was a gamble. Officials knew there was a chance that some prisoners might quickly spurn their deal and kill Americans. Nearly a dozen current and former U.S. officials described aspects of the program to the Associated Press. Dozens of prisoners were evaluated, but only a handful, from a variety of countries, were turned into spies who signed agreements to work for the CIA. Prisoners agreed to cooperate for a variety of reasons, officials said. Some received assurances that the United States would resettle their families. Another agreed to cooperate after the agency insinuated that it would harm his children, a former official said, a threat similar to those interrogators made to self-proclaimed Sept. 11 mastermind Khalid Sheik Mohammed. All were promised money. Exactly how much each received remains unclear. But altogether, the government paid millions for their services, officials said. The money came from a secret CIA account, code-named Pledge, that is used to pay informants, officials said. Officials said the program ended in 2006 as the flow of detainees to Guantanamo Bay slowed to a trickle. The last prisoner arrived there in 2008.

Note: There is no doubt that the CIA used mind control techniques to control and likely program some of the prisoners. To read verifiable documentation on the U.S. governments secret mind control programs, click here. For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.

By all outward indications, the U.S. Navy Veterans Association was a leader in the charitable community. Founded in 2002 to provide support to Navy veterans in need, the charity recorded astonishing financial success. In its first eight years, it raised around $100 million in charitable contributions, almost all of it through a direct marketing campaign. The organization, headed by Jack L. Nimitz, boasted of 41 state chapters and some 66,000 members. [But] virtually everything about the association turned out to be false: no state chapters, no members, no leader with the name redolent of naval history. Instead, there was one guy: a man calling himself Bobby Thompson. But the money raised was real enough, generated by a series of for-profit telemarketers. The victims, by and large, were unsuspecting small-money donors who received urgent solicitations asking for support for needy naval veterans. Most of the money raised stayed with the fund-raisers, though plenty apparently dripped through to Mr. Thompson and a succession of Republican lawmakers who received generous contributions from the association’s political arm. But little ever made it to the intended beneficiaries. From June 2010, Mr. Thompson was on the run, the search for him hamstrung by the fact that no one had any real idea of who he was. Finally, on April 30, 2012, federal marshals tracked him down in Portland, Ore., finding him with a card to a storage unit containing $981,650 in cash and almost two dozen fake identity cards. Authorities have identified him as John Donald Cody, a former Army intelligence officer and Harvard Law graduate.

Note: As we enter the annual giving season, donors should look to sources like the GiveWell website to find organizations with a track record of effectiveness. Seeking them out — instead of donating to charities that are first to call or that sound familiar or that we’ve heard are good — is the only way to ensure that money reaches those in need. For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.

My first year on Wall Street, 1993, I was paid 14 times more than I earned the prior year and three times more than my father's best year. For that money, I helped my company create financial products that were disguised to look simple, but which required complex math to properly understand. That first year I was roundly applauded by my bosses, who told me I was clever, and to my surprise they gave me $20,000 bonus beyond my salary. When I did ask, rather naively, if this was all kosher, I would be assured multiple times that multiple lawyers and multiple managers had approved the sales. One senior trader, consoling me late at night, reminded me, “You are playing in the big leagues now. If a customer wants a red suit, you sell them a red suit. If that customer is Japanese, you charge him twice what it costs. ”Being paid very well also helped ease any of my concerns. Feeling guilty, kid? Here take a big check. I was, for the first time in my life, feeling valued for my math skills. Ego and money are nice salves for any potential feeling of guilt. After a few years on Wall Street it was clear to me: you could make money by gaming anyone and everything. The more clever you were, the more ingenious your ability to exploit a flaw in a law or regulation, the more lauded and celebrated you became. Nobody seemed to be getting called out. No move was too audacious. Traders got more and more audacious, and corruption became more and more diffused through the system. By 2006 you could open up almost any major business, look at its inside workings, and find some wrongdoing.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.

Jimmy Wales, the founder of Wikipedia, has called on Barack Obama to rein in the National Security Agency as he described the whistleblower Edward Snowden as "a hero" whom history will judge "very favourably". Wales called for a "major re-evaluation" of the NSA, adding that the public "would have never approved this sweeping surveillance program" had it been put to a vote. The revelations, Wales said, had been "incredibly damaging and embarrassing to the US. It makes it very difficult for someone like me to go out, as I do, [to] speak to people in authoritarian countries, and say: 'You shouldn’t be spying on activists, you shouldn’t be censoring the internet', when we [in the US] are complicit in these acts of extraordinary intrusion into people’s personal lives. [Snowden] has exposed what I believe to be criminal wrongdoing, lying to Congress, and certainly [an] affront to the Fourth Amendment. I think that history will judge him very favourably. There is a growing sense of concern in Congress about this, a growing sense in Congress that public is angry about this, that they have been misled and I think we are going to see legislation to change this."

Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.

Much has been made of Bobby Kennedy’s impossible burden following the assassination of his brother. A review of [documents released as recently as a few months ago] by the Globe, fortified by the work of historians and new interviews with former Kennedy aides, paints a picture of a brother responding to the assassination with equal parts crippling grief and growing suspicions. In the five years between his brother’s murder and his own assassination in 1968, Bobby Kennedy voiced public support for the findings of the Warren Commission, namely that a pathetic, attention-seeking gunman had alone been responsible for the murder of President Kennedy. Privately, though, Bobby was dismissive of the commission, seeing it ... as a public relations tool. After hearing the news out of Dallas, it’s clear that he quickly focused his attention on three areas of suspicion: Cuba, the Mafia, and the CIA. Crucially, Bobby had become his brother’s point man in managing all three of those highly fraught portfolios. And by the time the president was gunned down, Bobby understood better than anyone how all three had become hopelessly interwoven, and how much all three bore his own imprint. For while John Kennedy was the one gunned down, Bobby had reason to believe he may have been the ultimate target. Walking the grounds of Hickory Hill just an hour after receiving confirmation of his brother’s death, Bobby confided in an aide something truly unsettling. That aide, Edwin Guthman, would later recount it in his book “We Band of Brothers.” “I thought they would get one of us,” Bobby said, adding, “I thought it would be me.”

Note: In 2006, BBC reported that CIA operatives were directly involved in Robert Kennedy's assassination, and that Sirhan Sirhan may have been a programmed Manchurian Candidate. For more along these lines, see concise summaries of deeply revealing assassinations news articles from reliable major media sources.

Investigators planned to release a long-awaited report [on] the Newtown school shooting that could provide some of the first official answers to questions about the history of the gunman and the police response to one of the worst school shootings in history. The summary report by the lead investigator, State's Attorney Stephen Sedensky III, comes nearly a year after the massacre of 20 children and six women inside Sandy Hook Elementary School. The report ... will not include the full evidence file of Connecticut State Police, which is believed to total thousands of pages. The decision to continue withholding the bulk of the evidence is stirring new criticism of the secrecy surrounding the investigation. Dan Klau, a Hartford attorney who specializes in First Amendment law, said the decision to release a summary report before the full evidence file is a reversal of standard practice and one of the most unusual elements of the investigation. Sedensky has gone to court to fight release of the 911 tapes from the school and resisted calls from Connecticut's governor to divulge more information sooner. The withholding of 911 recordings, which are routinely released in other cases, has been the subject of a legal battle between The Associated Press and Sedensky before the state's Freedom of Information Commission, which ruled in favor of the AP, and now Connecticut's court system. If the recordings are released, the AP would review the content and determine what, if any, of it would meet the news cooperative's standards for publication.

Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.

Senator Elizabeth Warren, the champion of Main Street versus Wall Street, just got another boost to the presidential campaign she said she isn’t running. It lies in the $13 billion deal that JP Morgan Chase reached with the US Justice Department. The settlement, which ends the government’s probe into the bank’s risky mortgage business, reportedly represents the largest amount a single company has ever committed to pay Uncle Sam. That’s significant — but so is the bank’s unusual admission that it failed to disclose the risks of buying its mortgage securities. Warren was a force in both aspects of JP Morgan’s day of reckoning. After the economic collapse of 2008 — and before her election as senator — Warren led the charge for Wall Street accountability while overseeing the government response to the banking crisis. As senator from Massachusetts, she ... isn’t shy about acknowledging her role in achieving them. In September, Warren [said] that her lobbying of Mary Jo White, the newly installed chairwoman of the Securities and Exchange Commission, played a key role in getting government regulators to require more companies to admit wrongdoing, not just pay fines — which is what happened in JP Morgan’s case. The JP Morgan headlines play out as the stock market surges and unemployment ticks up. The gap between America’s rich and poor is growing bigger. The divide creates an opening for a Democrat who speaks to the shrinking middle class, as well as to those already squeezed out of it. Warren could be that candidate, if she chooses.

Note: For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.

When the fires from the 2007-08 financial crisis were still being fought, JPMorgan Chase looked like a winner. Not only was JPMorgan Chase able to scoop up former rivals Washington Mutual and Bear Stearns for bargain basement prices, but its stock value shot up by nearly 31 percent over the past 4 1/2 years. But this year has been a little less kind to JPMorgan Chase. On [November 20) JPMorgan Chase agreed to a $13 billion settlement with the federal government over selling toxic mortgage investments. It also admitted to wrongdoing in knowingly peddling the instruments. Both settlements are for the "incomplete information" JPMorgan Chase gave to the pension funds for their purchases of toxic securities during the years 2004 to 2008. Even for a colossus such as JPMorgan Chase, $13 billion is a lot of money - about half of its annual profit. Forcing JPMorgan to admit wrongdoing - a rare concession - may open the door to more headaches for the company, especially because the government is continuing a criminal probe into its mortgage prices. The scale of the devastation is still so enormous that the only question left for the Justice Department to answer is why no one from any of the big banks has yet to go to jail. Wall Street's wrongdoing was about more than a dollar cost - it was about the widespread human suffering that remains with us today. Jail time would be more than appropriate, but so far the banks have been able to pay their way out of it.

Note: Because JP Morgan Chase can write off $11 billion of the fine as tax deductible, the real fine is actually reduced by $4 billion to about $7 billion, just one-third of Chase's $21 billion profit in the year 2012. For more on financial fraud, see the deeply revealing reports from reliable major media sources available here.

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.