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.

Blistering charges of misplaced power and a morally bankrupt culture in the nation’s “military-industrial complex” are rarely leveled by one of the defense establishment’s own. But that is exactly what ... Gregory D. Foster, a former Army officer and West Point graduate who now teaches national security studies at the National Defense University in Washington [did] when he went after the top brass, political leaders, and defense company executives [at a recent defense budget conference]. He accused them of allowing the nearly sacrosanct principle of civilian control of the military—an early building block of American democracy—to be turned on its head. How? By virtually never questioning the key assumptions of military planning and allowing a largely unchecked, destructive and highly militarized foreign policy to pose as a “properly subordinated military industrial complex.” [Foster said] “This is what I call civilian subjugation to the military. We face it in this administration, we faced it in the Clinton administration...we faced it in the Bush administration.” It all makes for a national security establishment, in Foster’s view, that perpetuates an approach to the world that is overly confrontational, lacks critical thinking about long term objectives, and even undercuts the strategic aims of democracy. For example, he said the accepted orthodoxy of never-ending global threats and the necessity to confront them militarily makes it nearly impossible to fashion a national security strategy that puts real security, crisis prevention, and the preservation of civil society ahead of institutional bias and private profit.

Note: For a penetrating analysis by a great general of the real purposes served by continuous war, click here.

Whatever the final outcome in the Cyprus crisis ... the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country. It will mark the end of an era for Cyprus, which has in effect spent the past decade advertising itself as a place where wealthy individuals who want to avoid taxes and scrutiny can safely park their money, no questions asked. But it may also mark at least the beginning of the end for something much bigger: the era when unrestricted movement of capital was taken as a desirable norm around the world. [With] the rise of free-market ideology, the assumption [is] that if financial markets want to move money across borders, there must be a good reason, and bureaucrats shouldn’t stand in their way. But the truth, hard as it may be for ideologues to accept, is that unrestricted movement of capital is looking more and more like a failed experiment. It’s hard to imagine now, but for more than three decades after World War II financial crises of the kind we’ve lately become so familiar with hardly ever happened. Since 1980, however, the roster has been impressive: Mexico, Brazil, Argentina and Chile in 1982. Sweden and Finland in 1991. Mexico again in 1995. Thailand, Malaysia, Indonesia and Korea in 1998. Argentina again in 2002. And, of course, the more recent run of disasters: Iceland, Ireland, Greece, Portugal, Spain, Italy, Cyprus. The best predictor of crisis is large inflows of foreign money: in all but a couple of the cases ... the foundation for crisis was laid by a rush of foreign investors into a country, followed by a sudden rush out.

Note: For deeply revealing reports from reliable major media sources on the collusion between the US government and corrupt financial corporations, click here.

Over the last two years, President Obama and Congress have put the country on track to reduce projected federal budget deficits by nearly $4 trillion. Yet when that process began, in early 2011, only about 12% of Americans in Gallup polls cited federal debt as the nation's most important problem. Two to three times as many cited unemployment and jobs as the biggest challenge facing the country. So why did policymakers focus so intently on the deficit issue? One reason may be that the small minority that saw the deficit as the nation's priority had more clout than the majority that didn't. We recently conducted a survey of top wealth-holders (with an average net worth of $14 million) in the Chicago area, one of the first studies to systematically examine the political attitudes of wealthy Americans. Our research found that the biggest concern of this top 1% of wealth-holders was curbing budget deficits and government spending. When surveyed, they ranked those things as priorities three times as often as they did unemployment — and far more often than any other issue. Our Survey of Economically Successful Americans [found that] two-thirds of the respondents had contributed money (averaging $4,633) in the most recent presidential election, and fully one-fifth of them "bundled" contributions from others. About half recently initiated contact with a U.S. senator or representative, and nearly half (44%) of those contacts concerned matters of relatively narrow economic self-interest rather than broader national concerns. This kind of access to elected officials suggests an outsized influence in Washington.

Note: For deeply revealing reports from reliable major media sources on the collusion between the US government and corrupt financial corporations, click here.

Declassified tapes of President Lyndon Johnson's telephone calls provide a fresh insight into his world. Among the revelations - he caught Richard Nixon sabotaging the Vietnam peace talks... but said nothing. By the time of the election in November 1968, LBJ had evidence Nixon had sabotaged the Vietnam war peace talks - or, as he put it, that Nixon was guilty of treason and had "blood on his hands". Now, for the first time, the whole story can be told. It begins in the summer of 1968. Nixon feared a breakthrough at the Paris Peace talks designed to find a negotiated settlement to the Vietnam war, and he knew this would derail his campaign. He therefore set up a clandestine back-channel involving Anna Chennault, a senior campaign adviser. At a July meeting in Nixon's New York apartment, the South Vietnamese ambassador was told Chennault represented Nixon and spoke for the campaign. If any message needed to be passed to the South Vietnamese president, Nguyen Van Thieu, it would come via Chennault. In late October 1968 there were major concessions from Hanoi which promised to allow meaningful talks to get underway in Paris - concessions that would justify Johnson calling for a complete bombing halt of North Vietnam. This was exactly what Nixon feared. Chennault was despatched to the South Vietnamese embassy with a clear message: the South Vietnamese government should withdraw from the talks, refuse to deal with Johnson, and if Nixon was elected, they would get a much better deal. So on the eve of his planned announcement of a halt to the bombing, Johnson learned the South Vietnamese were pulling out.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.

The CIA's chief technology officer outlined the agency's endless appetite for data in a far-ranging speech. Ira "Gus" Hunt said that the world is increasingly awash in information from text messages, tweets, and videos - and that the agency wants all of it. "The value of any piece of information is only known when you can connect it with something else that arrives at a future point in time," Hunt said. "Since you can't connect dots you don't have, it drives us into a mode of, we fundamentally try to collect everything and hang on to it forever." Hunt's comments come two days after Federal Computer Week reported that the CIA has committed to a massive, $600 million, 10-year deal with Amazon for cloud computing services. "It is really very nearly within our grasp to be able to compute on all human generated information," Hunt said. After that mark is reached, Hunt said, the agency would also like to be able to save and analyze all of the digital breadcrumbs people don't even know they are creating. "You're already a walking sensor platform," he said, noting that mobiles, smartphones and iPads come with cameras, accelerometers, light detectors and geolocation capabilities. "Somebody can know where you are at all times, because you carry a mobile device, even if that mobile device is turned off," he said. Hunt also spoke of mobile apps that will be able to control pacemakers - even involuntarily - and joked about a "dystopian" future. Hunt's speech barely touched on privacy concerns.

Note: The Internet of Things makes mass surveillance even easier. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy from reliable major media sources.

Documents reveal that the National Vaccine Injury Compensation Program (VICP) has paid out nearly $6 million in claims to victims of HPV (Human Papillomavirus) vaccine, including families of two dead. Judicial Watch announced today that it has received documents from the Department of Health and Human Services (HHS) revealing that its VICP has awarded $5,877,710 dollars to 49 victims in claims made against the highly controversial HPV vaccines. To date 200 claims have been filed with VICP, with barely half adjudicated. The documents came in response to a February 28, 2013, Judicial Watch lawsuit against HHS to force the department to comply with a November 1, 2012, Judicial Watch Freedom of Information Act (FOIA) request. From its inception, the use of HPV (human papillomavirus) vaccines for sexually transmitted diseases has been hotly disputed. According to the Annals of Medicine: "At present there are no significant data showing that either Gardasil or Cervarix (GlaxoSmithKline) can prevent any type of cervical cancer since the testing period employed was too short to evaluate long-term benefits of HPV vaccination." "This new information from the government shows that the serious safety concerns about the use of Gardasil have been well-founded," said Judicial Watch President Tom Fitton. "Public health officials should stop pushing Gardasil on children."

Note: For lots more on the risks and dangers of this vaccine being promoted by big pharma, click here.

One of the major governmental abuses denounced by the 1976 final report of the Church Committee was the FBI's domestic counter intelligence programs (COINTELPRO). Under that program, the FBI targeted political groups and individuals it deemed subversive and dangerous ... and infiltrated them with agents who, among other things, attempted to manipulate members into agreeing to commit criminal acts so that the FBI could arrest and prosecute them. What made the program so controversial was that the FBI was attempting to create and encourage crimes rather than find actual criminals - all in order to punish those whose constitutionally protected political activism the US government found threatening. Over the past decade, US Muslims have been routinely targeted with precisely this same tactic of preemptive or anticipatory prosecution. It's all designed to take people engaged in political and religious advocacy which the US government dislikes ... and use paid informants to trick them into saying just enough to turn them into criminals who are then prosecuted and imprisoned for decades. The same pattern repeats itself over and over. The FBI ensnares some random Muslim in a garden-variety criminal investigation involving financial fraud or drugs. Rather than prosecute him, the FBI puts the Muslim criminal suspect on its payroll, sending him into Muslim communities and mosques in order not only to spy on American Muslims, but to befriend them and then actively manipulate them into saying just enough to make their prosecution possible.

Note: For deeply revealing reports from reliable major media sources on illegal activities of intelligence agencies, click here.

The head of a UN team investigating US drone strikes in Pakistan has said that Islamabad does not consent to them and sees them as a territorial violation. American officials say privately that co-operation with Pakistan has not ended altogether - despite a cooling of relations - and key Pakistani military officers and civilian politicians continue to support the strikes. It is estimated that between 2004 and 2013, CIA drone attacks in Pakistan killed up to 3,460 people. About 890 of them were civilians and the vast majority of strikes were carried out under the President Barack Obama's administration. "The position of the government of Pakistan is quite clear," Mr Emmerson said on Friday. "It does not consent to the use of drones by the United States on its territory and it considers this to be a violation of Pakistan's sovereignty and territorial integrity." The drone campaign "involves the use of force on the territory of another state without its consent", he said. Furthermore Pakistan believes that drone strikes are radicalising a new generation of militants, he said, when it was capable of fighting Islamist extremists in the country by itself. The UN special rapporteur said that as a matter of international law, drone strikes were only lawful if they took place at the express request of the country concerned.

Note: Why are these drone strikes allowed to continue when Pakistan clear opposes them and when there is not doubt many civilians are killed? For deeply revealing reports from reliable major media sources on government corruption, click here.

In a blow against government secrecy, a federal judge ruled [on March 15] that the tens of thousands of "national security letters" the FBI sends each year demanding customer records from phone companies, banks and others, are unconstitutional because they forbid recipients from revealing that the letters exist. A gag order that makes it a crime to disclose one has received such a letter "restrains ... speech about government conduct" with little opportunity for judicial review, said U.S. District Judge Susan Illston of San Francisco. She directed the FBI to stop issuing national security letters that contain gag orders, but put her ruling on hold during an expected government appeal. Attorney Matt Zimmerman of the Electronic Frontier Foundation, which filed the suit in May 2011 on behalf of an unnamed telecommunications company, said [that] the gag orders "have truncated the public debate on these controversial surveillance tools." The USA Patriot Act, passed in response to the Sept. 11, 2001, terrorist attacks, authorized the FBI to issue national security letters on its own for information that it considers relevant to an investigation of international terrorism or spying. Virtually all of the letters include a permanent gag order. In 2008, a federal appeals court in New York found the gag orders constitutionally defective. Congress amended the law in 2006 to allow recipients to challenge national security letters on constitutional grounds, but left the government with near-total power over the gag orders, Illston said.

Note: For deeply revealing reports from reliable major media sources on illegal activities of intelligence agencies, click here.

A federal appeals court said [on March 15] that it will no longer accept the “fiction” from the Obama administration’s lawyers that the CIA has no interest in or documents that describe drone strikes. “It is neither logical nor plausible for the CIA to maintain that it would reveal anything not already in the public domain to say the Agency at least has an intelligence interest in such strikes,” said Chief Judge Merrick Garland. “The defendant is, after all, the Central Intelligence Agency.” The decision gave a partial victory to the American Civil Liberties Union in a Freedom of Information Act lawsuit that seeks documents on the government’s still-secret policy on drone strikes. The three judges ... rejected the administration’s position that it could simply refuse to “confirm or deny” that it had any such documents. A federal judge had rejected the ACLU’s suit entirely, but the three-judge appeals court revived the suit. The agency’s non-response does not pass the “straight face” test, Garland concluded. He cited public statements from President Obama, new CIA Director John Brennan and former Defense Secretary Leon Panetta that discussed the use of drone strikes abroad. “In this case, the CIA has asked the courts ... to give their imprimatur to a fiction of deniability that no reasonable person would regard as plausible,” Garland wrote in ACLU vs. CIA. ACLU attorney Jameel Jaffer called the decision a victory. “It requires the government to retire the absurd claim that the CIA’s interest in targeted killing is a secret,” he said. “It also means that the CIA will have to explain what records it is withholding and on what grounds it is withholding them."

Note: For deeply revealing reports from reliable major media sources on the lies required to sustain the illegal US/UK wars of aggression in the Middle East, Asia and Africa, click here.

It's beyond dispute that Jorge Mario Bergoglio, [the new Pope], failed to openly confront the 1976-1983 military junta as it kidnapped and killed thousands of people in a "dirty war" to eliminate leftist opponents. But human rights activists differ on how much responsibility Pope Francis personally deserves for the Argentine church's dark history of supporting the murderous dictatorship. Some leading Argentine human rights activists agree that Bergoglio, now 76, doesn't deserve to be lumped together with other church figures who were closely aligned with the dictatorship. "Perhaps he didn't have the courage of other priests, but he never collaborated with the dictatorship," Adolfo Perez Esquivel, who won the 1980 Nobel Peace Prize for documenting the junta's atrocities, said. But others say Bergoglio's rise through the Argentine church since then has put him in many positions of power where he could have done more to atone for the sins of Catholic officials who did actively conspire with the dictators. Some priests even worked inside torture centers, and blessed those doing the killing. Bergoglio twice invoked his right under Argentine law to refuse to appear in open court in trials involving torture and murder inside the feared Navy Mechanics School and the theft of babies from detainees.

Note: An entire edition of Democracy Now! was devoted to the record of Bergoglio, including an interview with the Argentine journalist Horacio Verbitsky. For more analysis, click here, here and here.

Last month a three-year-long federal prosecution of Blackwater collapsed. The government’s 15-felony indictment—on such charges as conspiring to hide purchases of automatic rifles and other weapons from the Bureau of Alcohol, Tobacco, Firearms, and Explosives—could have led to years of jail time for Blackwater personnel. In the end, however, the government got only misdemeanor guilty pleas by two former executives, each of whom were sentenced to four months of house arrest, three years’ probation, and a fine of $5,000. Prosecutors dropped charges against three other executives named in the suit and abandoned the felony charges altogether. But the most noteworthy thing about the largely failed prosecution wasn’t the outcome. It was the tens of thousands of pages of documents—some declassified—that the litigation left in its wake. These documents illuminate Blackwater’s defense strategy: to defeat the charges it was facing, Blackwater built a case not only that it worked with the CIA—which was already widely known—but that it was in many ways an extension of the agency itself. [CEO Erik] Prince [said] recently, “Blackwater’s work with the CIA began when we provided specialized instructors and facilities that the Agency lacked. In the years that followed, the company became a virtual extension of the CIA because we were asked time and again to carry out dangerous missions, which the Agency either could not or would not do in-house.”

Note: For deeply revealing reports from reliable major media sources on the growing privatization of intelligence agency functions, click here.

Japan’s ruling Liberal Democratic Party has removed most anti-nuclear researchers from a revamped post-Fukushima energy policy advisory board to the government. After a landslide victory in a December election, Prime Minister Shinzo Abe has said the previous administration’s policy to abandon atomic power needs to be reviewed. Six of eight members that voted for phasing out nuclear power on the board advising the previous government have been dropped from the LDP panel. Another ten members were reappointed, including Akio Mimura, an adviser for Nippon Steel & Sumitomo Metal Corp., as chairman. He headed an energy advisory board under a previous LDP government that promoted nuclear power. “It’s wrong to let the same man who led discussions on pre-Fukushima energy policy be in charge,” said Tetsunari Iida, the executive director of the Institute for Sustainable Energy Policies. Iida was one of those dropped from the advisory board. In September, the government led by the Democratic Party of Japan approved phasing out nuclear power by the end of the 2030s. Around 160,000 people were evacuated because of radiation fallout. Three options were considered for the country’s future energy supply: Zero nuclear, 15 percent nuclear, and 20 percent to 25 percent. A government poll in August found 47 percent of citizens favored zero, with the remainder split on the other choices. “The LDP wants to avoid the zero nuclear scenario at all costs and is looking for a point of compromise between 15 percent and 20 percent nuclear,” said Hiroshi Takahashi, a research fellow at Fujitsu Research Institute.

Note: For deeply revealing reports from reliable major media sources on the grave dangers posed by nuclear power, click here.

The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document. The proposed plan represents a major step by U.S. intelligence agencies to spot and track down [targeted persons] by bringing together financial databanks, criminal records and military intelligence. Financial institutions that operate in the United States are required by law to file reports of "suspicious customer activity," such as large money transfers or unusually structured bank accounts, to Treasury's Financial Crimes Enforcement Network (FinCEN). The Federal Bureau of Investigation already has full access to the database. However, intelligence agencies, such as the Central Intelligence Agency and the National Security Agency, currently have to make case-by-case requests for information to FinCEN. The Treasury plan would give spy agencies the ability to analyze more raw financial data than they have ever had before. Financial institutions file more than 15 million "suspicious activity reports" every year, according to Treasury. Banks, for instance, are required to report all personal cash transactions exceeding $10,000.

Note: For deeply revealing reports from reliable major media sources on the games intelligence agencies play, click here.

Jorge Mario Bergoglio - who will be now known as Pope Francis - has spent nearly his entire career at home in Argentina, overseeing churches and shoe-leather priests. The 76-year-old archbishop of Buenos Aires ... is the first Jesuit to be elected pope. In a lifetime of teaching and leading priests in Latin America, which has the largest share of the world's Catholics, Bergoglio has shown a keen political sensibility. Bergoglio is known to be conservative on spiritual issues. He opposes abortion, same-sex marriage and supports celibacy. Bergoglio's legacy as cardinal includes his efforts to repair the reputation of a church that lost many followers by failing to openly challenge Argentina's murderous 1976-83 dictatorship. Many Argentines remain angry over the church's acknowledged failure to openly confront a regime that was kidnapping and killing thousands of people as it sought to eliminate "subversive elements" in society. Bergoglio twice invoked his right under Argentine law to refuse to appear in open court, and when he eventually did testify in 2010, his answers were evasive, human rights attorney Myriam Bregman said. Bergoglio's own statements proved church officials knew from early on that the junta was torturing and killing its citizens, and yet publicly endorsed the dictators. The dictatorship could not have operated this way without this key support," [Bregman said.]

Note: An entire edition of Democracy Now! was devoted to the record of Bergoglio, including an interview with the Argentine journalist Horacio Verbitsky. For more analysis, click here, here and here.

The Denver Post, on February 15th, ran an Associated Press article entitled "Homeland Security aims to buy 1.6b rounds of ammo". It confirmed that the Department of Homeland Security has issued an open purchase order for 1.6 billion rounds of ammunition. Some of this purchase order is for hollow-point rounds, forbidden by international law for use in war, along with a frightening amount specialized for snipers. Also reported elsewhere, at the height of the Iraq War the Army was expending less than 6 million rounds a month. Therefore 1.6 billion rounds would be enough to sustain a hot war for 20+ years. DHS now is [also] showing off its acquisition of heavily armored personnel carriers, repatriated from the Iraqi and Afghani theaters of operation. The Department of Homeland Security is apparently taking delivery (apparently through the Marine Corps Systems Command, Quantico VA, via the manufacturer – Navistar Defense LLC) of an undetermined number of [recently retrofitted] ‘Mine Resistant Protected’ MaxxPro MRAP vehicles for service on the streets of the United States.” Why would they need such over-the-top vehicles on U.S. streets to withstand IEDs, mine blasts, and 50 caliber hits to bullet-proof glass? In a war zone… yes, definitely. [But] on the streets of America?

Note: For a U.S. Army field manual titled "Internment and Resettlement Operations" (FM 3-39.40) describing how large numbers of American citizens could be sent to internment camps if involved in "terrorist" activities, click here. The introduction to this document states, "Commanders will use technology and conduct police intelligence operations to influence and control populations, evacuate detainees and, conclusively, transition rehabilitative and reconciliation operations to other functional agencies." For a disturbing report on the massive expansion of drones over US skies, click here.

When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggest that it may eventually cost as much as $3.7tn when ... the long-term costs of caring for the wounded and the families of those killed [are factored in]. The most striking fact about the cost of the war in Iraq has been the extent to which it has been kept "off the books" of the government's ledgers and hidden from the American people. This was done by design. The most obvious way in which the true cost of this war was kept hidden was with the use of supplemental appropriations to fund the occupation. By one estimate, 70% of the costs of wars in Iraq and Afghanistan between 2003 and 2008 were funded with supplemental or emergency appropriations approved outside the Pentagon's annual budget. With the Iraq war treated as an "off the books" expense, the Pentagon was allowed to keep spending on high-end military equipment and cutting-edge technology. The Bush administration masked the cost of the war with deficit spending to ensure that the American people would not face up to its costs while President Bush was in office. [It] encouraged the American people to keep spending and "enjoy life", while the government paid for the occupation of Iraq on a credit card they hoped never to have to repay.

Note: For deeply revealing reports from reliable major media sources on government corruption, click here.

Within weeks of setting off a geiger counter and scrubbing three layers of skin off his hands and arms, former Navy quartermaster Maurice Enis recalled being pressured to sign away U.S. government liability for any future health problems. Enis and about 5,000 fellow sailors aboard the USS Ronald Reagan aircraft carrier had finally left Japan, after 80-some days aiding victims of the March 11, 2011, Fukushima earthquake and tsunami, and were about to take a long-awaited port call in Thailand. But first, they were told they needed to fill out some paperwork. "They had us [to] sign off that we were medically fine, had no sickness, and that we couldn't sue the U.S. government," Enis [says], recalling widespread anger among the sailors who ... felt they had little choice. [On] the [second] anniversary of the Fukushima disaster, Enis joined a lawsuit with more than 100 other service members who participated in the rescue mission and who have since developed medical issues they contend are related to radioactive fallout from the disabled Fukushima Daiichi nuclear plant. Rather than targeting the U.S. government, the federal lawsuit names plant owner Tokyo Electric Power Co. the defendant. TEPCO, as the company is known, provided false information to U.S. officials about the extent of spreading radiation from its stricken reactors, according to Roger Witherspoon on his blog Energy Matters.

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

“The government of the United States,” wrote Chief Justice John Marshall in his famous decision in Marbury v. Madison, “has been emphatically termed a government of laws, and not of men.” This principle — grounded in the Constitution, enforced by an independent judiciary — is central to the American creed. Citizens have rights, and fundamental to these is due process of the law. Yet last week Attorney General Eric Holder, speaking for the administration with an alarmingly casual nonchalance, traduced the whole notion of a nation of laws. First, the attorney general responded to Sen. Rand Paul’s inquiry as to whether the president claimed the “power to authorize a lethal force, such as a drone strike, against a U.S. citizen on U.S. soil and without trial.” Holder wrote that, speaking hypothetically, it is “possible to imagine” an extraordinary circumstance in which that power might become “necessary and appropriate.” In response to the growing furor, Holder sent Paul another letter, stating clearly that the president has no authority to use a “weaponized drone” against an American in the United States who is “not engaged in combat.” But that, of course, only underscores the issue. The country is waging a war on terrorism that admits no boundary and no end. Now Holder is saying that the president has the authority to kill Americans in the United States if they are “engaged in combat.” No hearing, no review, no due process of law.

Note: For a disturbing report on the massive expansion of drones over US skies, click here.

Are banks too big to jail? If there was any doubt about the answer to that question, Eric H. Holder Jr., the nation’s attorney general, last week blurted out what we’ve all known to be true but few inside the Obama administration have said aloud: Yes, they are. “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy,” Mr. Holder told the Senate Judiciary Committee. “I think that is a function of the fact that some of these institutions have become too large.” Mr. Holder continued, acknowledging that the size of banks “has an inhibiting influence.” To put this in the proper perspective, Mr. Holder said, for the first time, that he has not pursued prosecutions of big banks out of fear that an indictment could jeopardize the financial system. Does this mean that our banks are still too big to fail? Should we prosecute corporations? Should the size of an institution or its systemic importance influence the decision of prosecutors? “It has been almost five years since the financial crisis, but the big banks are still too big to fail,” [Senator Elizabeth] Warren, a Democrat, said in a statement. “Attorney General Holder’s testimony that the biggest banks are too-big-to-jail shows once again that it is past time to end too-big-to-fail.”

Note: For deeply revealing reports from reliable major media sources on the collusion between government and finance, click 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.