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Revealing News For a Better World

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.


JPMorgan's Dangerous Derivatives
2009-05-07, Bloomberg/Businessweek
http://www.businessweek.com/magazine/content/09_20/b4131069034013.htm

Gillian Tett [is the author of] Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. Tett is a respected business journalist at the Financial Times. Tett successfully pieces together the colorful backstory of the bank's work to win acceptance in the market for its brainchild, turning credit derivatives "from a cottage industry into a mass-production business." With the benefit of hindsight, we know that while these inventions were intended to control risk, they amplified it instead. This novel idea turned noxious when applied broadly to residential mortgages, a game that the rest of Wall Street later entered into with gusto. We learn in deep detail about not only how collateralized debt obligations are assembled but also their many iterations. Perhaps it's noteworthy that Tett's book begins when JPMorgan had the face-value equivalent of $1.7 trillion in derivatives on its books. Today that number has jumped to a mind-boggling $87 trillion. Part of that portfolio includes almost $8.4 trillion in credit derivatives, more than Bank of America's (BAC), Citi's, and Goldman Sachs' (GS) holdings combined.

Note: So JP Morgan has $87 trillion in derivatives, a mass market it helped to create. That is greater than the GDP for the entire world! To verify this, click here. For a New York Times review of this revealing book, click here.


Justice Dept. Finds Flaws in F.B.I. Terror List
2009-05-07, New York Times
http://www.nytimes.com/2009/05/07/us/07terror.html

The Federal Bureau of Investigation has incorrectly kept nearly 24,000 people on a terrorist watch list on the basis of outdated or sometimes irrelevant information. By the beginning of 2009, the report said, this consolidated government watch list comprised about 400,000 people, recorded as 1.1 million names and aliases, an exponential growth from the days before the attacks of Sept. 11, 2001. The new report, by the office of the Justice Department’s inspector general, provides the most authoritative statistical account to date of the problems connected with the list. An earlier report by the inspector general, released in March 2008, looked mainly at flaws in the system, without an emphasis on the number of people caught up in it. The list has long been a target of public criticism, particularly after well-publicized errors in which politicians including Senator Edward M. Kennedy and Representative John Lewis showed up on it. People with names similar to actual terrorists have complained that it can take months to be removed from the list, and civil liberties advocates charge that antiwar protesters, Muslim activists and others have been listed for political reasons. One of the biggest problems identified in the report was the use of outdated information, or material unconnected to terrorism, to keep people on the bureau’s own terror watch list, which is incorporated in the consolidated list. The report, examining nearly 69,000 referrals to the F.B.I. list that were either brought or processed by the bureau, found that 35 percent of those people, both Americans and foreigners, remained on the list despite inadequate justification.

Note: For many detailed reports from reliable sources indicating the "war on terror" isn't really what it's claimed to be, click here.


The Torture Debate: The Missing Voices
2009-05-07, New York Times
http://www.nytimes.com/2009/05/07/opinion/07thu1.html

Last month’s release of memos prepared by the Bush Justice Department and the disclosure of a report by the International Committee of the Red Cross on the brutal treatment of detainees expanded public knowledge of an ignominious chapter in the nation’s history. But these and other related disclosures do not provide a complete record of the government’s abuse of detainees. One missing element is the words of those prisoners subjected to waterboarding and other brutality. Those voices remain muffled by a combination of Bush-era resistance to a reasonable Freedom of Information Act request by the American Civil Liberties Union, and the gag order imposed on lawyers representing Guantánamo detainees. For two years, the A.C.L.U. has been seeking complete transcripts of the hearings at Guantánamo for 14 men who were previously in C.I.A. custody, including Abu Zubaydah, who has been described as an operative of Al Qaeda and was waterboarded at least 83 times. But the publicly released version of these transcripts deleted all detainee statements about their ordeals. The Bush team’s national security claim always had the odor of a cover-up. The interrogation program it was protecting has been discontinued, and crucial details are known. It is unsupportable to blank out grim details. The same considerations apply to the protective order that prohibits lawyers for Guantánamo detainees from speaking publicly about their clients’ treatment unless they receive the government’s permission or the information otherwise becomes public. Disclosure of the torture memos and the Red Cross report gives detainee lawyers more leeway, but they should not have to parse their words under a threat of prosecution.

Note: For many reports from major media sources detailing the disturbing government threats to civil liberties, click here.


Inspector at Pentagon Says Report Was Flawed
2009-05-06, New York Times
http://www.nytimes.com/2009/05/06/us/06generals.html

In a highly unusual reversal, the Defense Department’s inspector general’s office has withdrawn a report it issued in January exonerating a Pentagon public relations program that made extensive use of retired officers who worked as military analysts for television and radio networks. Donald M. Horstman, the Pentagon’s deputy inspector general for policy and oversight, said in a memorandum released on Tuesday that the report was so riddled with flaws and inaccuracies that none of its conclusions could be relied upon. In addition to repudiating its own report, the inspector general’s office took the additional step of removing the report from its Web site. The inspector general’s office began investigating the public relations program last year, in response to articles in The New York Times that exposed an extensive and largely hidden Pentagon campaign to transform network military analysts into “surrogates” and “message force multipliers” for the Bush administration. The articles also showed how military analysts with ties to defense contractors sometimes used their special access to seek advantage in the competition for contracts related to Iraq and Afghanistan. The report released in January took issue with the articles. [It] has been the subject of controversy, with some members of Congress calling it a “whitewash” marred by obvious factual errors. For example, the report erroneously listed many military analysts as having no ties whatsoever to defense contractors.

Note: The author of this article, David Barstow, won a 2009 Pulitzer prize for exposing military corruption, yet the press gave virtually no coverage to his prize. Why does it seem that the media don't want us to know about military influence on the news we receive?


Torture Memos Will Not Result in Prosecutions
2009-05-06, New York Times
http://www.nytimes.com/2009/05/06/us/politics/06inquire.html

An internal Justice Department inquiry has concluded that Bush administration lawyers committed serious lapses of judgment in writing secret memorandums authorizing brutal interrogations but that they should not be prosecuted, according to government officials briefed on its findings. The report by the Office of Professional Responsibility, an internal ethics unit within the Justice Department, is also likely to ask state bar associations to consider possible disciplinary action, which could include reprimands or even disbarment, for some of the lawyers involved in writing the legal opinions, the officials said. The findings, growing out of an inquiry that started in 2004, would represent a stinging rebuke of the lawyers and their legal arguments. But they would stop short of the criminal referral sought by some human rights advocates, who have suggested that the lawyers could be prosecuted as part of a criminal conspiracy to violate the anti-torture statute. President Obama has said the Justice Department would have to decide whether the lawyers who authorized the interrogation methods should face charges, while pledging that interrogators would not be investigated or prosecuted for using techniques that the lawyers said were legal. The draft report is described as very detailed, tracing e-mail messages between the Justice Department lawyers and officials at the White House and the Central Intelligence Agency. Among the questions it is expected to consider is whether the memos were an independent judgment of the limits of the federal anti-torture statute or were deliberately skewed to justify the use of techniques proposed by the C.I.A.

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


'Maverick' DHS Office Issues Glossary of Domestic Extremist Groups
2009-05-05, Fox News
http://www.foxnews.com/politics/2009/05/05/maverick-dhs-office-issues-diction...

The Department of Homeland Security is reining in a "maverick" division of the agency following criticism of a report it issued that details domestic "extremists" ranging from anti-tax movements to pro-environment groups, a DHS official told FOX News on Tuesday. The report, released in March ... was on top of a controversial document the same office produced last month that said U.S. veterans were ripe for recruitment by terrorist groups. The quickly withdrawn report, titled the "Domestic Extremism Lexicon," comes from the department's Office of Intelligence and Analysis, the same unit that produced the report on right-wing extremists recruiting vets. The document, first uncovered by The Washington Times, uses a broad brush to define terms used when analyzing dozens of supposedly extremist ideologies inside the United States. They cover: Jewish extremists, animal rights extremists, Christian identity extremists, black separatism extremists, anti-abortion extremists, anti-immigration extremists, anti-technology extremists, Cuban independence extremists and tax resistance extremists, to name a few. In addition to the report on right-wing threats issued last month -- for which DHS Secretary Janet Napolitano apologized -- DHS detailed left-wing threats in a similar report released in January. The "Domestic Extremism Lexicon" covers ideologies across the spectrum. The top of the document also defines "alternative media" as something sinister -- though the term is commonly used to describe blogs and popular publications like New York's Village Voice.

Note: How strange that Fox News posted this report, yet other major media largely ignored this important news. Click here to read the extremism report.


666: Goldman's latest bonus bears the mark of the beast
2009-05-03, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/news/business/analysis-and-features/666-goldmans...

Something strange is afoot when Popbitch – provider of a weekly email beloved of students, stuffed full of celebrity tittle-tattle and links to the silliest miscellany of the web – breaks off from such glorious trivia to encourage readers to support GoldmanSachs666.com, a deadly serious website measuring the political tentacles of the mighty investment bank. The credit-market catastrophe that has plunged the world into recession is everywhere stirring new ways of thinking about how banking relates to the wider world, but nowhere more so than among a generation coming into political consciousness in these searing times. Something is brewing, some argue, that could make the "regulatory-financial complex" something to rail against in the same way that the military-industrial complex was in the Cold War. This should worry Goldman Sachs. More so than any other firm, it exists at the intersection of politics and high finance. "It was listening to the news coming out of AIG that got me fired up," says Mike Morgan, founder of GoldmanSachs666.com. "While politicians were screaming about $165m paid out to AIG executives in bonuses, $180bn was walking out the door." The Federal Reserve and the then-treasury secretary, Hank Paulson, decided to funnel public funds to AIG, and its counterparties were paid in full. You don't have to scratch far into the internet to find conspiracy theories: Mr Paulson was chief executive of Goldman before going into government; he appointed Edward Liddy, formerly of Goldman, to run AIG; Goldman was AIG's biggest counterparty, receiving $12.9bn from AIG after the bailout.

Note: For lots more on the Wall Street bailout, click here.


We're really sorry about that $650 billion. Here's a lollipop.
2009-05-01, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/01/DDLO17BB2Q.DTL

Like most of us, I guess, I was caught absolutely flat-footed by the economic crisis. I got the part about subprime loans, and why they were both stupid and greedy, but I did not get how that bit of banker's nonsense instantly spread to the national economy and the world economy. Finally I read an article that actually put the thing together in a coherent way. It's in the May 14 issue of the New York Review of Books, and it's by Robert M. Solow, who won the Nobel Prize for economics, so presumably he's not just pulling ideas out of his nose. He starts by talking about leverage, and how very tempting it is as long as prices continue to rise. In the 1990s, it was typical for brokerages (or banks - the difference between the two became blurred) to use a 10-1 model; they used $100,000 to borrow $1 million, and everything was rosy. But it was rosier still at 20-1, and even rosier at 30-1. I am summarizing here - the whole article can be found [here]. [In Solow's words,] "According to data compiled by the Federal Reserve, household wealth in the U.S. peaked at $64.4 trillion in mid-2007, and had plummeted to $51.5 trillion at the end of 2008. Something like $13 trillion of perceived wealth vanished in not much more than a year. Nothing concrete had changed. Buildings still stood; factories were still just as capable of functioning; people had not lost their ability to work or their skills or their knowledge of technology. But a population that thought in 2007 that they had $64.4 trillion with which to plan their lives discovered in 2008 that they had lost 20 percent of that."

Note: Think about it. Simply because of financial manipulations, hundreds of thousands of homes and factory workplaces are now empty, while the numbers living on the street and in camps along rivers has increased dramatically. Yet many of the richest have only grown richer as a result of mergers and more. For lots more on the Wall Street bailout, click here.


Hints That Detainees May Be Held on U.S. Soil
2009-05-01, New York Times
http://www.nytimes.com/2009/05/01/us/politics/01gitmo.html

As many as 100 detainees at the prison at Guantánamo Bay, Cuba, could end up held without trial on American soil, Defense Secretary Robert M. Gates suggested Thursday, a situation that he acknowledged would create widespread if not unanimous opposition in Congress. The estimate was the most specific yet from the Obama administration about how many of the 241 prisoners at Guantánamo could not be safely released, sent to other countries or appropriately tried in American courts. Mr. Gates said discussions had started this week with the Justice Department about determining how many of the Guantánamo detainees could not be sent to other countries or tried in courts. He did not say which detainees might be in that group, but independent experts have said it probably would include terrorism suspects whom the military has not yet brought charges against, among them detainees from Yemen and the Qaeda figure Abu Zubaydah, who was subjected to brutal interrogation in secret prisons run by the Central Intelligence Agency. He did not say ... under what law they would be held. The Obama administration is debating how to establish a legal basis for incarcerating detainees deemed too dangerous to be released but not appropriate to be tried because of potential problems posed by their harsh interrogations, the evidence against them or other issues. Mr. Gates said he had asked for $50 million in supplemental financing in case a facility needed to be built quickly for the detainees.

Note: Ironically, it would seem from these plans revealed by Gates that closing the prison in Guantanamo is going to be used as the pretext to establish indefinite detention, without the right of habeas corpus, on American soil. But the reason for the widespread demand to close the prison is precisely to end such detentions! Do they think no one will notice? For many revealing reports from reliable sources on government attempts to erode civil liberties, click here.


Waterboarding, Interrogations: The CIA's $1,000 a Day Specialists
2009-04-30, ABC News
http://www.abcnews.go.com/Blotter/story?id=7471217

According to current and former government officials, the CIA's secret waterboarding program was designed and assured to be safe by two well-paid psychologists now working out of an unmarked office building in Spokane, Washington. Bruce Jessen and Jim Mitchell, former military officers, together founded Mitchell Jessen and Associates. Both men declined to speak to ABC News citing non-disclosure agreements with the CIA. But sources say Jessen and Mitchell together designed and implemented the CIA's interrogation program. "It's clear that these psychologists had an important role in developing what became the CIA's torture program," said Jameel Jaffer, an attorney with the American Civil Liberties Union. Former U.S. officials say the two men were essentially the architects of the CIA's 10-step interrogation plan that culminated in waterboarding. Associates say the two made good money doing it, boasting of being paid a $1,000 a day by the CIA to oversee the use of the techniques on top al Qaeda suspects at CIA secret sites. Both Mitchell and Jessen were previously involved in the U.S. military program to train pilots how to survive behind enemy lines and resist brutal tactics if captured. But it turns out neither Mitchell nor Jessen had any experience in conducting actual interrogations before the CIA hired them. The new documents show the CIA later came to learn that the two psychologists' waterboarding "expertise" was probably "misrepresented" and thus, there was no reason to believe it was "medically safe" or effective. The waterboarding used on al Qaeda detainees was far more intense than the brief sessions used on U.S. military personnel in the training classes.

Note: For lots more on CIA torture and other recent government attacks on civil liberties, click here.


The State-Secrets Privilege, Tamed
2009-04-30, New York Times
http://www.nytimes.com/2009/04/30/opinion/30thu1.html?partner=rss&emc=rss&pag...

Of the many ways that the Bush administration sought to evade accountability for its violations of the law and the Constitution under the cover of battling terrorism, one of the most appalling was its attempt to use inflated claims of state secrecy to slam shut the doors of the nation’s courthouses. Sadly, the Obama administration also embraced this tactic, even though President Obama criticized the cult of secrecy while running for office, leaving it to the courts to stand up for transparency and accountability. And that is just what a panel of the federal appeals court in San Francisco did on Tuesday by firmly rejecting the claim that the government can prevent a judge from even hearing those who say they were hurt by federal policies and actions. The unanimous ruling by a three-judge panel of the United States Court of Appeals for the Ninth Circuit reinstated a civil lawsuit brought against a government contractor by five victims of the extraordinary rendition program, under which foreigners were kidnapped and flown to other countries for interrogation and torture. The panel said the government can ask a judge to decide on a case-by-case basis whether disclosing particular evidence would jeopardize national security. But it recognized the affront to civil liberties and the constitutional separation of powers in the Justice Department’s argument that the executive branch is entitled to have lawsuits shut down whenever an official makes a blanket claim of national security.

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


How ’07 ABC Interview Tilted a Torture Debate
2009-04-28, New York Times
http://www.nytimes.com/2009/04/28/business/media/28abc.html?partner=rss&emc=r...

In late 2007, there was the first crack of daylight into the government’s use of waterboarding during interrogations of Al Qaeda detainees. On Dec. 10, John Kiriakou, a former C.I.A. officer who had participated in the capture of the suspected terrorist Abu Zubaydah in Pakistan in 2002, appeared on ABC News to say that while he considered waterboarding a form of torture, the technique worked and yielded results very quickly. Mr. Zubaydah started to cooperate after being waterboarded for “probably 30, 35 seconds,” Mr. Kiriakou told the ABC reporter Brian Ross. “From that day on he answered every question.” His claims — unverified at the time, but repeated by dozens of broadcasts, blogs and newspapers — have been sharply contradicted by a newly declassified Justice Department memo that said waterboarding had been used on Mr. Zubaydah “at least 83 times.” Some critics say that the now-discredited information shared by Mr. Kiriakou and other sources heightened the public perception of waterboarding as an effective interrogation technique. “I think it was sanitized by the way it was described” in press accounts, said John Sifton, a former lawyer for Human Rights Watch. On “World News,” ABC included only a caveat that Mr. Kiriakou himself “never carried out any of the waterboarding.” Still, he told ABC that the actions had “disrupted a number of attacks, maybe dozens of attacks.” A video of the interview was no longer on ABC's website.

Note: For the transcript of the original ABC interview of John Kiriakou, click here. To watch a video of the interview which ABC News removed from its website, click here.


Jet Flyover Frightens New Yorkers
2009-04-28, New York Times
http://www.nytimes.com/2009/04/28/nyregion/28plane.html?partner=rss&emc=rss&p...

It was supposed to be a photo opportunity, a showcase of Air Force One alongside the sweep of New York City skyline. But as the low-flying Boeing 747 speeded in the shadows of skyscrapers, trailed by two fighter jets, the sight instead awakened barely dormant fears of a terrorist attack, causing a momentary panic that sent workers pouring out of buildings on both sides of the Hudson River. “I thought there was some kind of an attack,” said Paul Nadler, who sprinted down more than 20 flights of stairs after watching the plane from his office in Jersey City shortly after 10 a.m. “We ran like hell.” Witnesses described the engine roar as the planes swooped by office towers close enough to rattle the windows and prompt evacuations at scores of buildings. Some sobbed as they made their way to the street. “As soon as someone saw how close it got to the buildings, people literally ran out,” said Carlina Rivera, 25, who works at an educational services company on the 22nd floor of 1 Liberty Plaza, adjacent to the site of the Sept. 11, 2001, attack. “Probably about 80 percent of my office left within two minutes of seeing how close it got to our building.” Neither the White House nor the F.A.A. explained why the mission was deemed a secret, even though officials conceded the primary purpose was picture taking. Officials at the Department of Transportation and at the Pentagon each denied responsibility for the secrecy.

Note: The official lack of explanation for the government secrecy prior to this terrifying overflight of traumatized Manhattan certainly raises further questions. For lots more on the hidden realities behind the fake "war on terror", click here.


How to Deal with Swine Flu: Heeding the Mistakes of 1976
2009-04-27, Time Magazine
http://www.time.com/time/health/article/0,8599,1894129,00.html

In February 1976, an outbreak of swine flu struck Fort Dix Army base in New Jersey, killing a 19-year-old private and infecting hundreds of soldiers. Concerned that the U.S. was on the verge of a devastating epidemic, President Gerald Ford ordered a nationwide vaccination program at a cost of $135 million (some $500 million in today's money). Within weeks, reports surfaced of people developing Guillain-Barré syndrome, a paralyzing nerve disease that can be caused by the vaccine. By April, more than 30 people had died of the condition. Facing protests, federal officials abruptly canceled the program on Dec. 16. The epidemic failed to materialize. Medical historians and epidemiologists say ... the decisions made in the wake of the '76 outbreak — and the public's response to them — provide a cautionary tale for public health officials, who may soon have to consider whether to institute draconian measures to combat the disease. "I think 1976 provides an example of how not to handle a flu outbreak," says Hugh Pennington, an emeritus professor of virology at Britain's University of Aberdeen. Despite modern advances in microbiology, today's health officials still make decisions in a "cloud of uncertainty," Pennington says. "At the moment, our understanding of the current outbreak is similarly limited. For example, we don't yet understand why people are dying in Mexico but not elsewhere." Howard Markel, director of the Center for the History of Medicine at the University of Michigan and a historical consultant to the CDC on flu pandemics, says the most vexing decision facing health officials is when to institute mass vaccination programs.

Note: To watch two short commercials made in 1976 showing clear scare tactics, click here. Then read about and watch a highly revealing 60 Minutes segment covering this deception. Only one person died from the actual flu in this 1976 "epidemic," yet more than 30 died of the flu vaccine. To explore the serious risks of vaccines reported in the media, click here. For lots more on bird and swine flu scares, click here.


Gonzales Said to Have Intervened on Wiretap
2009-04-24, New York Times
http://www.nytimes.com/2009/04/24/us/politics/24harman.html?partner=rss&emc=r...

The director of the Central Intelligence Agency concluded in late 2005 that a conversation picked up on a government wiretap was serious enough to require notifying Congressional leaders that Representative Jane Harman, Democrat of California, could become enmeshed in an investigation into Israeli influence in Washington, former government officials said Thursday. But Attorney General Alberto R. Gonzales told the director of the agency, Porter J. Goss, to hold off on briefing lawmakers about the conversation, between Ms. Harman and an Israeli intelligence operative, despite a longstanding government policy to inform Congressional leaders quickly whenever a member of Congress could be a target of a national security investigation. One reason Mr. Gonzales intervened, the former officials said, was to protect Ms. Harman because they saw her as a valuable administration ally in urging The New York Times not to publish an article about the National Security Agency’s program of wiretapping without warrants. The accounts provided new details about tension between senior C.I.A. officials and the attorney general over what to make of the wiretapped conversations involving Ms. Harman, which the former government officials said first occurred in spring 2005. In the wiretapped conversation, Ms. Harman was overheard agreeing to a request made by an Israeli intelligence operative that she try to obtain leniency for two pro-Israel lobbyists in exchange for help in securing the chairmanship of the House Intelligence Committee, former officials said.

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


US authorites divert Air France flight carrying 'no-fly' journalist to Mexico
2009-04-24, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/5217186/US-authori...

American authorities reportedly refused an Air France flight from Paris to Mexico entry into US airspace because a left-wing journalist writing a book on the CIA was on board. Hernando Calvo Ospina, who works for Le Monde Diplomatique and has written on revolutionary movements in Cuba and Colombia , figured on the US authorities' "no-fly list". A spokesman for Mr Ospina's French publisher, Le Temps des Cerises, said: "Hernando, who was heading to Nicaragua to research a report, thus found out that he is on a 'no-fly list' that bans a number of people from flying to or even over the United States." Some 50,000 people are said to be on the list set up under George W. Bush, the former US president. The publisher accused the Central Intelligence Agency of being behind Mr Ospina's blacklisting, pointing out that the journalist was currently researching a book about the spy agency. "It shows to what degree its paranoia (has reached)," it said. Critics claim that [the list] has been abusively extended to peaceful critics of US policy.

Note: For many disturbing reports from major media sources on the increasing threats to civil liberties under the pretext of the "war on terrorism," click here.


Reported Suicide Is Latest Shock at Freddie Mac
2009-04-23, New York Times
http://www.nytimes.com/2009/04/23/business/23freddie.html?partner=rss&emc=rss...

The pressures were already immense when David B. Kellermann was promoted to the top financial position at the mortgage giant Freddie Mac last September. Mr. Kellermann's boss and other top executives were ousted when the Treasury secretary seized Freddie Mac and its sibling company, Fannie Mae; others left on their own and were not replaced. Early on Wednesday, Mr. Kellermann went to the basement of his brick home and hanged himself, according to people familiar with the situation who were not authorized to speak. His body was removed five hours later, through a throng of neighbors, television crews and others. "David was such an honest and humble person," said Tim Bitsberger, Freddie Mac"s treasurer until he left in December. "It just doesn't make sense," Mr. Bitsberger said. The roots and causes of suicide are often unclear. It is not known if Mr. Kellermann succumbed to the pressures of his job. But in the aftermath of his death, it is plain that at Freddie Mac, as at many of the companies in the center of this economic storm, there are forces so strong they can overwhelm almost anyone. Mr. Kellermann ... was at the intersection of some of the most difficult issues facing the company. Mr. Kellermann was also working in a poisonous political atmosphere. He was recently involved in tense conversations with the company's federal regulator over its routine financial disclosures. Freddie Mac executives wanted to emphasize to investors that they believed the company was being run to benefit the government, rather than shareholders.

Note: For a revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.


Restrain the credit card industry
2009-04-23, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/22/EDK817761J.DTL

While American consumers have been struggling, credit card companies have been enjoying a field day. Not only are most of them receiving federal bailout money, but they've been jacking up interest rates (there were rate hikes on nearly 25 percent of accounts between 2007 and 2008) and switching the terms of agreements with consumers. Why the rush to gouge consumers in the depths of a recession? In July 2010, the Federal Reserve will impose new, consumer-friendly disclosure and administrative restrictions on the credit card industry. Scrambling to get ahead of the deadline, the card companies have been raising interest rates, slicing credit lines and, in too many cases, simply dumping customers with little rhyme or reason. Defaults and delinquencies have skyrocketed - and consumers are livid. "It's off the charts in terms of their ire about paying higher interest rates, particularly when their money, as they see it, is being given to the banks to prop them up," said Rep. Jackie Speier, D-Hillsborough. Speier's staff says her office has been "flooded" with calls from furious constituents. Speier is ... a co-sponsor of HR627, better known as "The Credit Cardholders' Bill of Rights." The bill - which has the support of the Obama administration - would prevent card issuers from raising interest rates without advance notice and end the practice of "double-cycle billing" so that consumers do not have to pay interest on debts they've already paid.

Note: For a highly revealing archive of reports on the hidden realities underlying the Wall Street bailout, click here.


Congresswoman Outraged Over Wiretapped Conversations
2009-04-22, CNN
http://transcripts.cnn.com/TRANSCRIPTS/0904/22/ltm.02.html

An influential Democrat in Congress, California's Jane Harman, is at the center of a national security scandal that's threatening her political career. Harman is fighting mad after reports that her phone conversation was intercepted by a national security agency wiretap ... in 2005 and 2006. Sources say Harman was overheard talking to an investigative target whose conversations were being legally intercepted. Congressional Quarterly and The New York Times report that Harman discussed using her influence to reduce espionage-related charges against two officials of the American Israeli Public Affairs Committee. In return, the person with whom she was speaking would lobby then-House Minority Leader Nancy Pelosi to appoint Harman chair of the House Intelligence Committee. Harman reportedly ended the conversation by saying, "This conversation doesn't exist." [Congressional Quarterly] also reports that after the intercept, the FBI tried to open an investigation of Harman. But Attorney General Alberto Gonzales pulled the plug because he wanted Harman's help defending the controversial domestic warrantless wiretapping program. The former attorney general had no comment.

Note: For lots more from major media sources on the clandestine operations of the FBI and other intelligence agencies, click here.


Aliens exist and UFOs are covered-up by US government, says ex-astronaut
2009-04-22, The Telegraph (One of the U.K.'s leading newspapers)
http://www.telegraph.co.uk/scienceandtechnology/science/space/5198506/Aliens-...

Alien life does exist but the truth is being covered up by the United States government, former NASA astronaut Edgar Mitchell has claimed. Mr Mitchell, who was part of the 1971 Apollo 14 moon mission, made the claims in a talk to the fifth annual X-Conference – a meeting of those who believe in UFOs and other life forms. He also said he had attempted to investigate the 1947 'Roswell Incident', which some believe was the crash-landing of a UFO, but had been thwarted by military authorities. The former astronaut, 78, said: "We're not alone. Our destiny, in my opinion, and we might as well get started with it, is [to] become a part of the planetary community. ... We should be ready to reach out beyond our planet and beyond our solar system to find out what is really going on out there." Mitchell grew up in Roswell, New Mexico, which some UFO believers maintain was the site of a UFO crash in 1947. He said residents "had been hushed and told not to talk about their experience by military authorities." He claimed he had raised the issue of evidence from local residents with the Pentagon 10 years ago. An unnamed admiral working for the Joint Chiefs of Staff promised to uncover more information for Mitchell but was denied access when he "tried to get into the inner workings of that process." Mitchell claimed the admiral now denies the story. "I urge those who are doubtful: Read the books, read the lore, start to understand what has really been going on. Because there really is no doubt we are being visited," Mitchell said. "The universe that we live in is much more wondrous, exciting, complex and far-reaching than we were ever able to know up to this point in time."

Note: For a powerful summary of evidence of UFOs presented by highly respected military and government officials, including Edgar Mitchell, click here.


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