Government Corruption Media Articles

Excerpts of Key Government Corruption Media Articles in Major Media

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On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential. Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk. In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group ... have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available. Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small. The size and reach of this market has grown rapidly over the past two decades. Pension funds today use derivatives to hedge investments. States and cities use them to try to hold down borrowing costs. Airlines use them to secure steady fuel prices. Food companies use them to lock in prices of commodities like wheat or beef.

Note: To explore highly revealing news articles on the powerful secret societies which without doubt back these top bankers, click here. For a treasure trove of reports from reliable sources detailing the amazing control of major banks over government and society, click here.

After World War II, American counterintelligence recruited former Gestapo officers, SS veterans and Nazi collaborators to an even greater extent than had been previously disclosed and helped many of them avoid prosecution or looked the other way when they escaped, according to thousands of newly declassified documents. With the Soviet Union muscling in on Eastern Europe, settling scores with Germans or German collaborators ... appeared counterproductive, said a government report published Friday by the National Archives. In chilling detail, the report also elaborates on the close working relationship between Nazi leaders and the grand mufti of Jerusalem, Haj Amin al-Husseini, who ... recruited Muslims for the SS, the Nazi Partys elite military command, [and] was allowed to flee after the war to Syria. The report, Hitlers Shadow: Nazi War Criminals, U.S. Intelligence and the Cold War, grew out of an interagency group created by Congress to identify, declassify and release federal records on Nazi war crimes and on Allied efforts to hold war criminals accountable. It is drawn from a sampling of 1,100 C.I.A. files and 1.2 million Army counterintelligence files that were not declassified until ... 2007. Hitlers Shadow adds a further dimension to a separate Justice Department history of American Nazi-hunting operations, which the government has refused to release ... and which concluded that American intelligence officials created a safe haven in the United States for certain other former Nazis.

Note: Following World War Two, more than 1500 Nazi's, including many war criminals, were brought to the US by "Operation Paperclip" and secretly embedded in the US scientific community and intelligence establishment. For more, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.

A report to Congress reveals details on how U.S. intelligence officials used and protected some Nazi Gestapo agents after World War II. The report was authored by historians hired by the U.S. National Archives and Records Administration. The report draws from an unprecedented trove of records on clandestine operations that the CIA was persuaded to declassify and from previously inaccessible Army intelligence files. "The CIA records give us a much better picture of the movements of Nazi war criminals in the postwar period. The Army records are voluminous, and will be keeping people busy for many years," said Richard Breitman, of the American University in Washington, D.C., who co-authored the report with Norman J.W. Goda, of the University of Florida. The records were made available under the Nazi War Crimes Disclosure Act of 1998. Nazi hunters and lawmakers have long raised questions about what U.S. government knew and its involvement with war criminals during the Cold War. The Nazi War Crimes Disclosure Act has so far resulted in more than 8 million documents being declassified; a landmark 2005 book on U.S. Intelligence and the Nazis in part authored by Breitman and Goda; and a final report to Congress.

Note: The CIA would never have declassified these documents were it not for pressure from caring citizens which caused Congress to act. For details of the CIA employment of Nazis in its post-war mind-control experimentation on humans without their consent, click here.

The world's biggest pharmaceutical company hired investigators to unearth evidence of corruption against the Nigerian attorney general in order to persuade him to drop legal action over a controversial drug trial involving children with meningitis, according to a leaked US embassy cable. Pfizer was sued by the Nigerian state and federal authorities, who claimed that children were harmed by a new antibiotic, Trovan, during the trial, which took place in the middle of a meningitis epidemic of unprecedented scale in Kano in the north of Nigeria in 1996. But the cable suggests that the US drug giant did not want to pay out to settle the two cases – one civil and one criminal – brought by the Nigerian federal government. The cable reports a meeting between Pfizer's country manager, Enrico Liggeri, and US officials at the Abuja embassy on 9 April 2009. It states: "According to Liggeri, Pfizer had hired investigators to uncover corruption links to federal attorney general Michael Aondoakaa to expose him and put pressure on him to drop the federal cases. He said Pfizer's investigators were passing this information to local media." The cable ... continues: "A series of damaging articles detailing Aondoakaa's 'alleged' corruption ties were published in February and March. Liggeri contended that Pfizer had much more damaging information on Aondoakaa and that Aondoakaa's cronies were pressuring him to drop the suit for fear of further negative articles."

Note: For more on this revealing case, see the New York Times article available here.

Stricken Allied Irish Banks is preparing to hand out €40m (Ł34m) of bonuses next week – despite being on the brink of receiving another emergency bailout from the Irish government. As many as 2,400 bankers in its Dublin capital markets division are to receive the payments on 17 December under agreements struck with the bank in 2008. The bank, 19% owned by Ireland's taxpayers but expected to reach 95% state-ownership, had originally been blocked from making the payments under one of the government's bailout programmes. But legal action by a trader, John Foy, over a deferred €161,000 bonus awarded in 2008 has led the bank to conclude it will need to pay bonuses to many of the staff to whom they were awarded for that year. The bonuses are being handed out at a time when the government is instigating four years of tax rises and brutal cuts to benefits. Bankers are receiving much of the blame for forcing Ireland to take international assistance and implement the austerity budgetary measures.

Note: For lots more from reliable sources on the worldwide bailout by taxpayers of failed banks, click here.

Nigeria's anti-corruption agency on [December 7] charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during time he served as its top official. The charges stem from a case involving as much as $180 million allegedly paid in bribes to Nigerian officials, said Femi Babafemi, a spokesman for the Economic and Financial Crimes Commission. Halliburton and other firms allegedly paid the bribes to win a contract to build a $6 billion liquefied natural gas plant in Nigeria's oil-rich southern delta, he said. The Halliburton case involves its former subsidiary KBR, a major engineering and construction services firm based in Houston. In February 2009, KBR Inc. pleaded guilty in U.S. federal court to authorizing and paying bribes from 1995 to 2004 for the plant contracts in Nigeria. The spokesman said each charge in the 16-count indictment carried as much as three years in prison. Nigeria, a major oil supplier to the U.S., long has been considered by analysts and watchdog groups as having one of the world's most corrupt governments.

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Before the sun rose, the informant donned a white Islamic robe. A tiny camera was sewn into a button, and a microphone was buried in a device attached to his keys. The undercover FBI informant - a convicted forger named Craig Monteilh - then drove off for 5 a.m. prayers at the Islamic Center of Irvine, where he says he spied on dozens of worshipers in a quest for potential terrorists. Monteilh's mission as an informant backfired. Muslims were so alarmed by his talk of violent jihad that they obtained a restraining order against him. He had helped build a terrorism-related case against a mosque member, but that also collapsed. The Justice Department recently took the extraordinary step of dropping charges against the worshiper, who Monteilh had caught on tape agreeing to blow up buildings, law enforcement officials said. Prosecutors had portrayed the man as a dire threat. Compounding the damage, Monteilh has gone public, revealing secret FBI methods and charging that his "handlers" trained him to entrap Muslims as he infiltrated their mosques, homes and businesses. He is now suing the FBI. Officials ... confirm that he was a paid FBI informant. Court records and interviews corroborate not only that Monteilh worked for the FBI - he says he made $177,000, tax-free, in 15 months - but that he provided vital information on a number of cases.

Note: For lots more from reliable sources on the long series of fake terror scares used by governments to control their domestic populations by fear, click here.

There's a brief scene in "Inside Job," the locally produced documentary on the Great Financial Meltdown, in which a colleague of the head of the Commodity Futures Trading Commission in 1997 describes how "blood drained from her face" after receiving a phoned-in tongue-lashing from deputy Treasury Secretary Larry Summers. The target of Summers' wrath was Brooksley Born, ... the first female president of the Stanford Law Review and a recognized legal expert in the area of complex financial instruments. Her crime: Born had the temerity to push for regulation of the increasingly wild trading in derivatives, which, as we learned a decade later, helped bring the U.S. economy, and much of the world's, to its knees. Summers, with 13 bankers in his office, told Born to get off it "in a very grueling fashion," said the colleague. The story is told in much more detail in All the Devils are Here, the latest, but eminently worthwhile, book on the roots of the crisis, by Bethany McLean and ... Joe Nocera. It makes for dispiriting, even appalling, reading. Responding to growing evidence of manipulation and fraud in unregulated derivatives trading - "the hippopotamus under the rug," as Born and others referred to it - Born suggested the commission should perhaps be given some sort of oversight. She had a 33-page policy paper drawn up, full of questions and suggestions, like, for example, whether establishing a public exchange for derivatives might not be a bad idea. Responding to the policy paper, Summers, "screaming at her," according to the book, told Born the bankers sitting in his office "threatened to move their derivatives business to London," if she didn't stop.

Note: For key reports on financial fraud from reliable sources, click here.

Hidden behind the save-the-world rhetoric of the global climate change negotiations lies the mucky realpolitik: money and threats buy political support; spying and cyberwarfare are used to seek out leverage. The [WikiLeaks] US diplomatic cables reveal how the US seeks dirt on nations opposed to its approach to tackling global warming; how financial and other aid is used by countries to gain political backing; how distrust, broken promises and creative accounting dog negotiations; and how the US mounted a secret global diplomatic offensive to overwhelm opposition to the controversial "Copenhagen accord", the unofficial document that emerged from the ruins of the Copenhagen climate change summit in 2009. Negotiating a climate treaty is a high-stakes game, not just because of the danger warming poses to civilisation but also because re-engineering the global economy to a low-carbon model will see the flow of billions of dollars redirected. Seeking negotiating chips, the US state department sent a secret cable on 31 July 2009 seeking human intelligence from UN diplomats across a range of issues, including climate change. The request originated with the CIA. As well as countries' negotiating positions for Copenhagen, diplomats were asked to provide evidence of UN environmental "treaty circumvention" and deals between nations.

WikiLeaks founder Julian Assange says Tom Flanagan — a former senior adviser to the [Canadian] prime minister — should be charged with incitement to commit murder for calling for Assange's assassination. "It is correct that Mr. Flanagan and the others seriously making these statements should be charged with incitement to commit murder," Assange replied. During a panel interview on the [CBC's "Power & Politics with Evan Solomon" show] Flanagan said U.S. President Barack Obama "should put out a contract and maybe use a drone or something." Assange ... disputed the contention of Flanagan and numerous governments that his organization's publishing of secret U.S. diplomatic cables has put people's lives in danger. "WikiLeaks has a four-year publishing history," Assange said. "During that time there has been no credible allegation, even by organizations like the Pentagon, that even a single person has come to harm as a result of our activities. This is despite much-attempted manipulation and spin trying to lead people to a counter-factual conclusion. We do not expect any change in this regard."

Note: For lots more from reliable sources on government and corporate secrecy, click here.

The newly created independent political groups known as super PACs, which raised and spent millions of dollars on last month's elections, drew much of their funding from private-equity partners and others in the financial industry, according to new financial disclosure reports. The 72 super PACs, all formed this year, together spent $83.7 million on the election. The figures provide the best indication yet of the impact of recent Supreme Court decisions that opened the door for wealthy individuals and corporations to give unlimited contributions. The financial disclosure reports also underscore the extent to which the flow of corporate money will be tied to political goals. Private-equity partners and hedge fund managers, for example, have a substantial stake in several issues before Congress, primarily the taxes they pay on their earnings. "Super PACs provide a means for the super wealthy to have even more influence and an even greater voice in the political process," said Meredith McGehee, a lobbyist for the Campaign Legal Center, which advocates for tighter regulation of money in politics.

Note: For key reports on growing threats to the US electoral process, click here.

New disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to ... foreign-owned banks in 2008 and 2009. The central bank's aid programs also supported U.S. subsidiaries of banks based in East Asia, Europe and Canada. The biggest users of the Fed lending programs were some of the world's largest banks, including Citigroup, Bank of America, Goldman Sachs, Swiss-based UBS and Britain's Barclays, according to more than 21,000 loan records released [December 1] under new financial regulatory legislation. The data reveal banks turning to the Fed for help almost daily in the fall of 2008 as the central bank lowered lending standards and extended relief to all kinds of institutions it had never assisted before. The extent of the lending to major banks - and the generous terms of some of those deals - heighten the political peril for a central bank that is already under the gun for a wide range of actions, including a recent decision to try to stimulate the economy by buying $600 billion in U.S. bonds. "The American people are finally learning the incredible and jaw-dropping details of the Fed's multitrillion-dollar bailout of Wall Street and corporate America," said Sen. Bernard Sanders (I-Vt.), a longtime Fed critic whose provision in the Wall Street regulatory overhaul required the new disclosures. "Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations." The Fed launched emergency programs totaling $3.3 trillion in aid, a figure reached by adding up the peak amount of lending in each program.

Note: The figure of $3.3 trillion cited in this article was simply the peak amount lent at one moment in time; the total amount lent by the Fed over the years covered by the data exceeded $20 trillion. For analysis of this data release, click here.

WikiLeaks' publication starting Nov. 28 of more than 250,000 diplomatic cables was the largest unauthorized release of contemporary classified information in history. It contained 11,000 documents marked secret. The WikiLeaks revelations could change history. The number of documents and other communications [classified as secret] has skyrocketed nearly 10 times, from 5,685,462 in 1996 to 54,651,765 in 2009. Governments are calling more things secret when they are really not. The number of people with access to that Everest of information has grown too. In its deep investigation of American secrecy earlier this year, the Washington Post found that some 854,000 people inside and out of government had top-secret clearance, the highest classification. [Julian Assange] has launched a crusade predicated on the idea that nearly all information should be free and that confidentiality in government affairs is an affront to the governed. In the process, he has published everything from a video of U.S. troops killing civilians in Iraq to the documents behind the so-called Climategate scandal. "When trusted insiders no longer have faith in the judgment of government regarding secrets, then they start to substitute their own judgment," says William J. Bosanko, head of the Information Security Oversight Office. "The world is moving irreversibly in the direction of openness, and those who learn to operate with fewer secrets will ultimately have the advantage over those who futilely cling to a past in which millions of secrets can be protected," says a former intelligence-community official.

Note: For an abundance of major media articles showing the problems with excessive secrecy, click here.

As a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed. It is unfortunate that it took this long, and it is a shame that the biggest banks in America and Mr. Bernanke fought to keep this secret from the American public every step of the way. But, the details on this bailout are now on the Federal Reserve's website. This is a major victory for the American taxpayer and for transparency in government. After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed's multi-trillion-dollar bailout of Wall Street and corporate America. What have we learned so far from the disclosure of more than 21,000 transactions? We have learned that the $700 billion Wall Street bailout signed into law by President George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country.

Note: The author is Senator Bernie Sanders (I-VT). For key reports from reliable sources on the massive federal bailout of the biggest banks and financial firms, click here.

Mr. SANDERS. Mr. President, there is a war going on in this country, and I am not referring to the wars in Iraq or Afghanistan. I am talking about a war being waged by some of the wealthiest and most powerful people in this country against the working families of the United States of America, against the disappearing and shrinking middle class of our country. The reality is, many of the Nation's billionaires are on the warpath. They want more, more, more. Their greed has no end, and apparently there is very little concern for our country or for the people of this country if it gets in the way of the accumulation of more and more wealth and more and more power. The percentage of income going to the top 1 percent has nearly tripled since the 1970s. In the mid-1970s, the top 1 percent earned about 8 percent of all income. In the 1980s, that figure jumped to 14 percent. In the late 1990s, that 1 percent earned about 19 percent. And today, as the middle class collapses, the top 1 percent earns 23 1/2 percent of all income--more than the bottom 50 percent. Today, if you can believe it, the top one-tenth of 1 percent earns about 12 cents of every dollar earned in America.

Note: To see a video of this amazing speech by courageous Senator Bernie Sanders (Independent), click here.

The latest one snared Osman Mohamud, a Somali-American teenager in Portland, Oregon. The Associated Press report by William Mall and Nedra Pickler (11-27-10) ... makes it clear that it was a plot orchestrated by federal agents. Two sentences into the news report we have this: "The bomb was an elaborate fake supplied by the [FBI] agents and the public was never in danger, authorities said." The teenager was supplied with a fake bomb and a fake detonator. Documents released by US Attorney Dwight Holton "show the sting operation began in June." Obviously, the targeted Portland teenager was not hot to trot. The FBI had to work on him for six months. The reporters compare "the Portland sting" to the recent arrest in Virginia of Faroque Ahmed who was ensnared in a "bombing plot that was a ruse conducted over the past six months by federal officials." Think about this. The FBI did a year's work in order to convince two people to participate in fake plots. When the US government has to go to such lengths to create "terrorists" out of hapless people, an undeclared agenda is being served. What could this agenda be? The answer is many agendas. One agenda is to justify wars of aggression that are war crimes under the Nuremberg standard created by the US government itself. Another agenda is to create a police state. A police state can control people who object to their impoverishment for the benefit of the superrich much more easily than can a democracy endowed with constitutional civil liberties. Another agenda is to get rich. Terror plots, whether real or orchestrated, have created a market for security.

Note: Though the source of this article is not considered major media, the writer, Paul Craig Roberts, served as an Assistant Secretary of the Treasury in the Reagan administration, earning fame as a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps-Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.

Early next year, Julian Assange says, a major American bank will suddenly find itself turned inside out. Tens of thousands of its internal documents will be exposed on Wikileaks.org. The data dump will lay bare the finance firm’s secrets on the Web for every customer, every competitor, every regulator to examine and pass judgment on. When? Which bank? What documents? Cagey as always, Assange won’t say. He compares what he is ready to unleash to the damning e-mails that poured out of the Enron trial: a comprehensive vivisection of corporate bad behavior. “You could call it the ecosystem of corruption,” he says, refusing to characterize the coming release in more detail. Does Assange have unpublished, damaging documents on pharmaceutical companies? Yes, he says. Finance? Yes, many more than the single bank scandal we’ve been discussing. Energy? Plenty, on everything from BP to an Albanian oil firm that he says attempted to sabotage its competitors’ wells. Like informational IEDs, these damaging revelations can be detonated at will. Long gone are the days when Daniel Ellsberg had to photocopy thousands of Vietnam War documents to leak the Pentagon Papers. Modern whistleblowers ... can zip up their troves of incriminating documents on a laptop, USB stick or portable hard drive, spirit them out through personal e-mail accounts or online drop sites—or simply submit them directly to WikiLeaks.

Note: For lots more from reliable sources on government and corporate secrecy, click here.

The Obama administration has doled out about $2 billion in stimulus money to some of the nation's biggest polluters while granting them exemptions from a basic form of environmental oversight, a Center for Public Integrity investigation has found. The administration has awarded more than 179,000 "categorical exclusions" to stimulus projects funded by federal agencies, freeing the projects from review under the National Environmental Policy Act, or NEPA. Officials said they did not consider companies' pollution records in deciding whether to grant the waivers. The projects include: - An electrical-grid upgrade project in Kansas led by Westar Energy, the state's largest coal-burning utility, which settled a major air pollution case by paying half a billion dollars in penalties and remediation costs. - A project to create clean-burning biofuel from seaweed led by chemical giant DuPont, which received $8.9 million in stimulus funds in February. In all, about three dozen of the country's biggest polluters with past environmental problems won NEPA exemptions for the stimulus grants totaling $2 billion from the Energy Department - about 6 percent of the department's total money awarded so far.

Note: For lots more from reliable sources on government corruption, click here.

The class war that no one wants to talk about continues unabated. Even as millions of out-of-work and otherwise struggling Americans are tightening their belts for the holidays, the nation’s elite are lacing up their dancing shoes and partying like royalty as the millions and billions keep rolling in. Recessions are for the little people, not for the corporate chiefs and the titans of Wall Street who are at the heart of the American aristocracy. They have waged economic warfare against everybody else and are winning big time. The ranks of the poor may be swelling and families forced out of their foreclosed homes may be enduring a nightmarish holiday season, but American companies have just experienced their most profitable quarter ever. The corporate fat cats are becoming alarmingly rotund. Their profits have surged over the past seven quarters at a pace that is among the fastest ever seen, and they can barely contain their glee. On the same day that The Times ran its article about [record corporate] profits, it ran a piece on the front page that carried the headline: “With a Swagger, Wallets Out, Wall Street Dares to Celebrate.” Anyone who thinks there is something beneficial in this vast disconnect between the fortunes of the American elite and those of the struggling masses is just silly. It’s not even good for the elite. The rich may think that the public won’t ever turn against them. But to hold that belief, you have to ignore the turbulent history of the 1930s.

Note: For many reports from reliable souces on corporate profiteering, click here.

In 1961, a top CIA scientist reported in an internal memo that "the feasibility of remote control of activities in several species of animals has been demonstrated ... Special investigations and evaluations will be conducted toward the application of selected elements of these techniques to man," according to The Search for the "Manchurian Candidate: The CIA and Mind Control, a 1979 book by former State Department intelligence officer John Marks. “[T]his cold-blooded project,” Marks wrote, “was designed ... for the delivery of chemical and biological agents or for ‘executive action-type operations,’ according to a document. ‘Executive action’ was the CIA's euphemism for assassination.” Victims have sought justice for years, in vain. Now, almost 40 years later, a federal magistrate has ordered the CIA to produce records and witnesses about the LSD and other experiments “allegedly conducted on thousands of soldiers from 1950 through 1975.” U.S. Magistrate Judge John Larsen’s Nov. 17 order exempted the agency from having to testify about electrode tests on humans, but Gordon P. Erspamer, lead attorney for the veterans, says “we are pursuing this as well.” Papers filed in the case describe “electrical devices implanted in brain tissue with electrodes in various regions, including the hippocampus, the hypothalamus, the frontal lobe (via the septum), the cortex and various other places,” Erspamer said.

Note: For a revealing summary of CIA mind-control experimentation, 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.