Government Corruption Media ArticlesExcerpts of Key Government Corruption Media Articles in Major Media
Below are key excerpts of revealing news articles on government corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.
Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
The military is using the FBI to skirt legal restrictions on domestic surveillance to obtain private records of Americans' Internet service providers, financial institutions and telephone companies, the ACLU said Tuesday. The American Civil Liberties Union based its conclusion on a review of more than 1,000 documents turned over by the Defense Department after it sued the agency last year for documents related to national security letters. The letters are investigative tools used to compel businesses to turn over customer information without a judge's order or grand jury subpoena. ACLU lawyer Melissa Goodman said the documents the civil rights group studied "make us incredibly concerned that the FBI and DoD might be collaborating to evade limits" placed on the Defense Department's use of the letters. Goodman, a staff attorney with the ACLU National Security Project, said the military is allowed to demand financial and credit records in certain instances but does not have the authority to get e-mail and phone records or lists of Web sites that people have visited. That is the kind of information that the FBI can get by using a national security letter, she said. "That's why we're particularly concerned. The DoD may be accessing the kinds of records they are not allowed to get," she said. Goodman also noted that legal limits are placed on the Defense Department "because the military doing domestic investigations tends to make us leery.
Note: For further disturbing reports on threats to civil liberties, click here.
Get out the trough, it's feeding time. Congress has decided that an election year with recession written all over it is not the time to be giving up those job-producing "pork" projects bemoaned by both parties' presidential candidates. House Speaker Nancy Pelosi has quietly shelved the idea of a one-year moratorium on so-called earmarks, the $18 billion or so in pet projects that lawmakers sent to their home states this year. Senators in both parties have voted to kill the idea. The response to the Senate vote from rank-and-file lawmakers: They sent in so many last-minute earmark requests that a House Appropriations Committee web site seized up and the deadline for requesting pork had to be extended. Earmarks for road and bridge projects, contracts for local defense companies and grants to local governments and nonprofits can mean jobs back home. Then there's the political boost that lawmakers running for re-election reap from earmarks, especially endangered freshmen like Nancy Boyda, D-Kan. Boyda requested 67 earmarks this spring, ranging from $13,800 to help the Erie Police Department purchase surveillance cameras to $8.5 million for Kansas-produced ammunition for NATO allies fighting in Iraq and Afghanistan. Few if any of the 12 spending bills that carry earmarks are likely to be sent to President Bush before then, much less be signed by him. One possible exception is the annual defense appropriations bill, slated to exceed $500 billion for the budget year beginning Oct. 1. The ... version passed last year contained $6 billion in earmarks disclosed by lawmakers, according to Taxpayers for Common Sense, a watchdog group that tracks earmarks closely.
Note: Isn't it strange that this important story by the Associated Press was not picked up by most major newspapers? For many revealing reports on government corruption from reliable sources, click here.
When the nation's intelligence agencies wanted a computer network to better share information ... they turned to a big name in the technology industry to supply some of the equipment: Google Inc. The Mountain View company sold the agencies servers for searching documents. Many of the contracts are for search appliances - servers for storing and searching internal documents. Agencies can use the devices to create their own mini-Googles on intranets made up entirely of government data. Additionally, Google has had success licensing a souped-up version of its aerial mapping service, Google Earth. Spy agencies are using Google equipment as the backbone of Intellipedia, a network aimed at helping agents share intelligence. [The system] is maintained by the director of national intelligence and is accessible only to the CIA, FBI, National Security Agency and an alphabet soup of other intelligence agencies and offices. Google supplies the computer servers that support the network, as well as the search software that allows users to sift through messages and data. Because of the complexities of doing business with the government, Google uses resellers to process orders on its behalf. Google takes care of the sales, marketing and management of the accounts. Google is one of many technology vendors vying for government contracts. On occasion, Google is the target of conspiracy theories from bloggers who say it is working with spy agencies more closely than simply selling search equipment.
After the 2001 attack on the World Trade Center and the levee failures caused by Hurricane Katrina in 2005, the federal government paid the American Society of Civil Engineers to investigate what went wrong. Critics now accuse [ASCE] of covering up engineering mistakes ... and using the investigations to protect engineers and government agencies from lawsuits. In the World Trade Center case, critics contend the engineering society wrongly concluded skyscrapers cannot withstand getting hit by airplanes. The Federal Emergency Management Agency paid the group about $257,000 to investigate the World Trade Center collapse. In 2002, the society's report on the World Trade Center praised the buildings for remaining standing long enough to allow tens thousands of people to flee. But, the report said, skyscrapers are not typically designed to withstand airplane impacts. Abolhassan Astaneh-Asl, a structural engineer and forensics expert, contends his computer simulations disprove the society's findings that skyscrapers could not be designed to withstand the impact of a jetliner. Astaneh-Asl, who received money from the National Science Foundation to investigate the collapse, insisted most New York skyscrapers built with traditional designs would survive such an impact. He also questioned the makeup of the society's investigation team. On the team were the wife of the trade center's structural engineer and a representative of the buildings' original design team. "I call this moral corruption," said Astaneh-Asl, who is on the faculty at the University of California, Berkeley.
Note: For a revealing two-page summary of many unanswered questions about 9/11 raised by major media sources, click here.
Months before New York Gov. Eliot Spitzer resigned, a lawyer for a GOP political operative contacted the FBI, alleging that Spitzer had hired prostitutes while in Florida. A letter, dated Nov. 19, said Roger Stone, who lives in Miami Beach, learned the information from “a social contact in an adult-themed club.” Stone, known for shutting down the 2000 presidential election re-count in Miami-Dade County, is a longtime nemesis of Spitzer. His lawyer wrote the letter after FBI agents had asked to speak to Stone, though he said the FBI did not specify why he was contacted. “Mr. Stone respectfully declines to meet with you at this time,” the letter stated, before going on to offer “certain information” about Spitzer. “The governor has paid literally tens of thousands of dollars for these services. It is Mr. Stone’s understanding that the governor paid not with credit cards or cash but through some pre-arranged transfer,” it said. “It is also my client’s understanding from the same source that Gov. Spitzer did not remove his mid-calf-length black socks during the sex act. Perhaps you can use this detail to corroborate Mr. Stone’s information,” the letter said. It was signed by attorney Paul Rolf Jensen. Another of Stone’s lawyers, Robert Buschel, said the letter’s release is an attempt to set the record straight. “The conspiracy enthusiasts on the Internet are going wild over Roger Stone’s role in the fall of Eliot Spitzer. We felt it was important to lay out for the public exactly what Mr. Stone did tell the government,” Buschel said.
Note: Roger Stone, the "longtime nemesis of Spitzer", is also a notorious Republican "dirty trickster" since the Nixon era.
The Justice Department used some of its most intrusive tactics against Eliot Spitzer, examining his financial records, eavesdropping on his phone calls and tailing him during its criminal investigation of the Emperor’s Club prostitution ring. The scale and intensity of the investigation of Mr. Spitzer, then the governor of New York, seemed ... to be a departure for the Justice Department, which aggressively investigates allegations of wrongdoing by public officials, but almost never investigates people who pay prostitutes for sex. A review of recent federal cases shows that federal prosecutors go sparingly after owners and operators of prostitution enterprises, and usually only when millions of dollars are involved or there are aggravating circumstances, like human trafficking or child exploitation. The focus on Mr. Spitzer was so intense that the F.B.I. used surveillance teams to follow both him and the prostitute in Washington in February. Stakeouts and surveillance are labor-intensive and often involve teams of a dozen or more agents and non-agent specialists. An affidavit filed in the prostitution case did not identify Mr. Spitzer by name, only as Client 9, but it provided far more detail, some of it unusually explicit, about Client 9’s encounter with the prostitute than about any of the nine other clients identified by number in the document. Several current and former federal prosecutors and prominent defense lawyers who reviewed the document said the inclusion of such salacious details about Mr. Spitzer’s encounter with the prostitute went far beyond what was necessary to provide probable cause for the arrests and for searches, the purpose of the affidavit. The government has not accused Mr. Spitzer, a Democrat, of any wrongdoing.
Note: A point left out by this report in the New York Times, which so prominently broke the Spitzer revelations, is that the names of the other "Clients" were never released. Could this be because the investigation and leaks to the media were politically motivated?
Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector. It is part of a broader fundraising shift toward Democrats, compared to past campaigns when Republicans were the favorites of Wall Street. The flow of campaign cash is a measure of how open-fisted banks and other financial institutions have been to politicians of both parties. Concern is rising that "no matter who the Democratic nominee is and who wins in November, Wall Street will have a friend in the White House," said Massie Ritsch of the nonprofit Center for Responsive Politics, which tracks campaign donations. "The door will be open to these big banks." Sen. Clinton of New York is leading the way, bringing in at least $6.29 million from the securities and investment industry, compared with $6.03 million for Sen. Obama of Illinois and $2.59 million for McCain. Those figures include donations from the investment companies' employees and political action committees. The candidates' receipts reflect a broader trend that demonstrates how money follows power in Washington. It suggests that the nation's money managers are betting heavily that either Clinton or Obama will capture the White House and that Democrats will retain control of Congress. "What that Wall Street money means is that few people in Washington, including the leading presidential candidates, say a thing when the government moves to bail out Wall Street before it helps homeowners," said David Sirota, a liberal activist and former congressional aide.
Note: For more insight into the relationship between big finance and big government, click here.
A sheaf of documents that a federal court forced the Treasury Department to release indicate there have been repeated complaints from American consumers who have been falsely linked to terrorism or drug trafficking during routine credit checks, the organization that sought the documents in a lawsuit said Tuesday. The more than 100 pages of documents released Monday to the organization, the Lawyers’ Committee for Civil Rights in San Francisco, include a variety of complaints about the list maintained by the Office of Foreign Asset Control in the Treasury Department, said Philip Hwang, a lawyer for the group. The released documents include e-mail messages and letters from consumers who have been denied cars or home loans or faced difficulties with other financial transactions because their names allegedly appear on the list. Financial institutions are supposed to check clients’ names against the list, which is known officially as the Specially Designated Nationals List. A Federal District Court judge in San Francisco last month ordered the Treasury Department to release all the complaints after a Freedom of Information Act request, Mr. Hwang said. He said his organization believed that what they received was only a small fraction of the complaints filed. Among other indications, he said, was that Henry Paulson Jr., the Treasury secretary, said in Congressional testimony last year that his department fielded up to 90,000 telephone complaints about the list over one year. Mr. Hwang said most consumers discovered the problem only when they asked for a credit report and were shocked to find a notation on it associating them with terrorists or drug traffickers.
Note: For many disturbing reports of increasing threats to civil liberties, click here.
Despite ordering improvements more than two years ago, President Bush has barely made a dent in the huge backlog of unanswered requests under the Freedom of Information Act. At the same time, an audit by the National Security Archive found that Bush has provided citizens someone to talk to about how long it is going to take to get the government records they want or to be turned down. The archive, a private research group at The George Washington University, released its seventh audit ... of the 1967 law that gives people the power to request information from federal government files. The audit of 90 government agencies found mixed results from Bush's executive order on Dec. 14, 2005, to agencies to clear the backlog and be more responsive to requesters. "Behind its ambitious facade, the order lacked both carrot and stick," the audit said, because it provided no additional money to do the job and no way to force agencies to set substantial goals or step up their efforts if they fell short. "Many of the same old scofflaw agencies are still shirking their responsibilities to the public," said Tom Blanton, director of the archive, whose FOIA audits are funded by the John S. and James L. Knight Foundation. The archive found that unanswered requests government-wide dropped just over 2 percent, from 217,000 to 212,000, from the end of 2005 to the end of 2007. Of those agencies with backlogs, 31 percent even saw pending requests rise during the two years, including some agencies that significantly reduced very old unanswered requests but saw gains wiped out by a surge of new requests. The audit particularly criticized the Treasury Department for trying to "wait out the requester."
Note: For many key articles on government secrecy, click here.
What are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have witnessed at banks and brokerage firms for the past year? Or all of the above? Stick around, because we’ll soon find out. And it’s not going to be pretty. Agreeing to guarantee a 28-day credit line to Bear Stearns, by way of JPMorgan Chase, the Federal Reserve Bank of New York conceded last Friday that no sizable firm with a book of mortgage securities or loans out to mortgage issuers could be allowed to fail right now. It was the most explicit sign yet of the Fed’s “Rescues ‘R’ Us” doctrine that already helped to force the marriage of Bank of America and Countrywide. But why save Bear Stearns? “Why not set an example of Bear Stearns, the guys who have this record of dog-eat-dog, we’re brass knuckles, we’re tough?” asked William A. Fleckenstein, president of Fleckenstein Capital in Issaquah, Wash., and co-author with Fred Sheehan of Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve. After years of never allowing any of our financial institutions to fail, they have become so enormous that nobody will be allowed to sink beneath the waves. Otherwise, a tsunami would swamp the hedge funds, banks and other brokerage firms that remain afloat. If Bear Stearns failed, for example, it would result in a wholesale dumping of mortgage securities and other assets onto a market that is frozen and where buyers are in hiding. This fire sale would force surviving institutions carrying the same types of securities on their books to mark down their positions, generating more margin calls and creating more failures.
Note: This excellent article should be read in its entirety by anyone who wants to understand the impending financial meltdown and the government's response to it.
Almost 32 years to the day after President Ford created an independent Intelligence Oversight Board made up of private citizens with top-level clearances to ferret out illegal spying activities, President Bush issued an executive order that stripped the board of much of its authority. The White House did not say why it was necessary to change the rules governing the board when it issued Bush's order [on February 29]. But critics say Bush's order is consistent with a pattern of steps by the administration that have systematically scaled back Watergate-era intelligence reforms. "It's quite clear that the Bush administration officials who were around in the 1970s are settling old scores now," said Tim Sparapani, senior legislative counsel to the American Civil Liberties Union. "Here they are even preventing oversight within the executive branch. They have closed the books on the post-Watergate era." Ford created the board following a 1975-76 investigation by Congress into domestic spying, assassination operations, and other abuses by intelligence agencies. The probe prompted fierce battles between Congress and the Ford administration, whose top officials included Dick Cheney, Donald Rumsfeld, and the current president's father, George H. W. Bush. Some analysts said the order is just the latest example of actions the administration has taken since the 2001 terrorist attacks that have scaled back intelligence reforms enacted in the 1970s. Frederick A. O. Schwarz Jr., the former chief counsel to the Senate committee that undertook the 1975-76 investigation into intelligence abuses, said "It's profoundly disappointing if you understand American history, and it's profoundly harmful to the United States."
Note: For many key articles on government secrecy, click here.
The FBI has increasingly used administrative orders to obtain the personal records of U.S. citizens rather than foreigners implicated in terrorism or counterintelligence investigations, and at least once it relied on such orders to obtain records that a special intelligence-gathering court had deemed protected by the First Amendment, according to two government audits released yesterday. The episode was outlined in a Justice Department report that concluded the FBI had abused its intelligence-gathering privileges by issuing inadequately documented "national security letters" from 2003 to 2006. The report makes it clear that the abuses persisted in 2006 and disclosed that 60 percent of the nearly 50,000 security letters issued that year by the FBI targeted Americans. Because U.S. citizens enjoy constitutional protections against unreasonable searches and seizures, judicial warrants are ordinarily required for government surveillance. But national security letters are approved only by FBI officials and are not subject to judicial approval; they routinely demand certain types of personal data, such as telephone, e-mail and financial records, while barring the recipient from disclosing that the information was requested or supplied. "The fact that these are being used against U.S. citizens, and being used so aggressively, should call into question the claim that these powers are about terrorists and not just about collecting information on all kinds of people," said Jameel Jaffer, national security director at the American Civil Liberties Union. "They're basically using national security letters to evade legal requirements that would be enforced if there were judicial oversight."
Note: For many key reports from major media sources on increasing threats to civil liberties, click here.
The Environmental Protection Agency weakened one part of its new limits on smog-forming ozone after an unusual last-minute intervention by President Bush, according to documents released by the EPA. EPA officials initially tried to set a lower seasonal limit on ozone to protect wildlife, parks and farmland, as required under the law. Bush overruled EPA officials and on Tuesday ordered the agency to increase the limit, according to the documents. "It is unprecedented and an unlawful act of political interference for the president personally to override a decision that the Clean Air Act leaves exclusively to EPA's expert scientific judgment," said John Walke, clean-air director for the Natural Resources Defense Council. The president's order prompted a scramble by administration officials to rewrite the regulations to avoid a conflict with past EPA statements on the harm caused by ozone. Solicitor General Paul D. Clement warned administration officials ... that the rules contradicted the EPA's past submissions to the Supreme Court, according to sources familiar with the conversation. As a consequence, administration lawyers hustled to craft new legal justifications for the weakened standard. The dispute involved one of two distinct parts of the EPA's ozone restrictions: the "public welfare" standard, which is designed to protect against long-term harm from high ozone levels. The other part is known as the "public health" standard, which sets a legal limit on how high ozone levels can be at any one time. The two standards were set at the same level Wednesday, but until Bush asked for a change, the EPA had planned to set the "public welfare" standard at a lower level.
Note: For a treasure trove of reports from reliable, verifiable sources on government corruption, click here.
Two and a half years after Hurricane Katrina, tens of thousands of homeowners are still waiting for their government rebuilding checks, and many complain they can't even get their calls returned. But the company that holds the contract to distribute the aid is doing quite well. ICF International of Fairfax, Va., has posted strong profits, gone public, landed additional multimillion-dollar government contracts -- and recently secured a potentially big raise from the state of Louisiana. In the waning days of Democratic Gov. Kathleen Babineaux Blanco's administration, state officials increased the management contract ceiling from $756 million to $912 million -- this, after the Legislature wanted to fire ICF over its handling of the homeowner recovery program, called Road Home. "It is outrageous that ICF couldn't do the job for more than $750 million and that they were given a pay raise after their history of disappointing service," Blanco's successor, Republican Gov. Bobby Jindal, said in an e-mail Thursday. Displaced residents expressed anger. Road Home was created in June 2006 as a state-run, federally funded plan to compensate homeowners for the breach of New Orleans' government-run levees. Homeowners can apply for grants to repair their homes or to obtain buyouts if they don't want to fix things up. As of last month, 56,000 applicants -- nearly 40% of the qualified total -- had yet to receive a cent. Plagued by cost overruns and delays, Road Home is expected to cost federal taxpayers $10 billion and has become a glaring symbol of frustration in post-Katrina New Orleans.
Note: For many more revealing reports on the aftermath of Hurricane Katrina, click here.
A plan by the Environmental Protection Agency to close several of its 26 research libraries did not fully account for the impact on government staffers and the public, who rely on the libraries for hard-to-find environmental data, congressional investigators reported yesterday. The report by the Government Accountability Office found that the EPA effort, begun in 2006 to comply with a $2 million funding cut sought by the White House, ... hurt access to materials and services in the 37-year-old library network. Rep. Bart Gordon (D-Tenn.), chairman of the House Science and Technology Committee, said the report reveals a "grim picture" of mismanagement at the EPA. The libraries provide technical information and documentation for enforcement cases and help EPA staff members track new environmental technologies and the health risks associated with dangerous chemicals. They also are repositories of scientific information that is used to back up the agency's positions on new regulations and environmental reports and data that are tapped by people such as developers and state and local officials. The collections include hard-to-find copies of documents on federal Superfund hazardous waste sites, water-quality data and the health of regional ecosystems. Under the plan, EPA closed physical access to three regional office libraries in Chicago, Kansas City and Dallas, and to the headquarters library and the Chemical Library in Washington. Operating hours were reduced at libraries in Seattle, San Francisco, New York and Boston. Investigators noted that users of the Chemical Library -- which served EPA scientists who review industry requests to sell new chemicals -- did not learn of the facility's closure until after it occurred.
Note: For many key articles on government secrecy, click here.
Last week, it was a $200 billion cash-for-bond swap for the banks. This week, it was a $200 billion bond-for-bond swap for the big investment houses. If they keep this up, pretty soon you'll be able to walk into any Federal Reserve bank and hock that diamond brooch you inherited from Aunt Mildred. Forget all that nonsense about the Bernanke Fed being too timid or behind the curve. In the face of what is turning into the most serious financial market crisis since the Great Depression, the Fed has been more aggressive and more creative in using its limitless balance sheet -- in effect, its ability to print money -- than at any time in history. We can argue till the cows come home about whether this is a bailout for Wall Street. It is -- but only to the extent that it is also a bailout for all of us, meant to prevent a financial and economic meltdown that drags everyone down with it. In broad strokes, we're going through a massive "de-leveraging" of the economy, wringing out trillions of dollars of debt that had artificially driven up the price of real estate and financial assets, and, more generally, allowed Americans to live beyond their means. Fed officials warn that this de-leveraging is nowhere near finished. It's anyone's guess how long this credit crunch will last, but the chances are that we'll have several more market meltdowns and Fed rescues before it's over, probably in the fall. Until then, the dollar will continue to get hammered and stocks will continue their fitful decline. And if the last two financially induced recessions are any guide, it will be well into 2009 before the economy hits bottom, followed by a couple of years of slow growth and "jobless" recovery.
Note: The title of this article is quite revealing. A bailout for the big banks is considered to be a bailout for everyone. If you believe this, we most highly encourage you to read our powerful two-page summary of the banking cover-up available here.
Former Attorney General John Ashcroft responded angrily Tuesday to Congressional Democrats who suggested that a no-bid private contract directed to him by the Justice Department last year amounted to a “back-room sweetheart deal” worth tens of millions of dollars to his consulting firm. “There is not a conflict; there is not an appearance of a conflict,” Mr. Ashcroft said at a hearing of a House Judiciary subcommittee exploring the circumstances of the contract. He repeatedly tried to talk over the panel’s Democratic chairwoman, Representative Linda T. Sánchez of California, who offered the severest questioning. Mr. Ashcroft stepped down from the Justice Department three years ago and now runs a Washington consulting and lobbying firm that bears his name. Ms. Sánchez opened the hearing by suggesting the appearance of a conflict of interest in the department’s decision last year to steer a monitoring contract worth $28 million to $52 million to Mr. Ashcroft’s firm as part of an out-of-court settlement with a medical supply company under criminal investigation. The Indiana company, Zimmer Holdings, hired the Ashcroft firm as the settlement monitor at the direction of Christopher J. Christie, the United States attorney in New Jersey, who had pursued the investigation and had worked under Mr. Ashcroft at the Justice Department. “You don’t believe that it may be a conflict of interest in a former employee hiring the former boss, or suggesting that he be hired, for a very lucrative contract?” she said of the 18-month contract, which requires Mr. Ashcroft to make sure that Zimmer complies with the terms of its settlement of kickback allegations. Ms. Sánchez described the contract as a “back-room sweetheart deal” in which “Mr. Ashcroft was selected with no public notice and no bidding.”
Note: For a treasure trove of reports from reliable, verifiable sources on government corruption, click here.
During the Cold War, the CIA funded a series of secret brainwashing experiments at a prestigious psychiatric clinic. No method was too bizarre, including using LSD, hypnosis, prolonged periods of induced sleep, and electrical shocks to the brain. Patients were given the treatment without explanation or consent, and even decades later complained that they had never completely recovered. Bob Logie was admitted to Allen Memorial hospital at age 18 to treat psychosomatic leg pain. He was repeatedly given LSD as a test subject without his consent, [and was] exposed to massive doses of electroshock therapy and kept asleep for up to a month at a time. Tape messages were played repeatedly while he slept. Logie said the effect of the treatments stayed with him. No one knows how many patients were exposed to the program of chemical and electro-shock treatments. But documents and testimony have revealed that the Montreal experiments were part of a series of psychological projects given code names such as MK Ultra and run by the CIA in a quest to understand how to brainwash people. Many years passed before there was any public or official acknowledgment of what patients at Allen Memorial had been through. [In 1998] the CIA agreed to pay some of the patients an out of court settlement of $750 thousand. It emerged that during that time Ottawa helped suppress evidence that CIA officials had apologized to the Canadian government when the CIA experiments were first revealed.
Note: Watch the complete Fifth Estate report at the link above. The Canadian government has been actively attempting to silence victims of this program for over forty years. Read more on the court cases stemming from Dr Ewen Cameron's CIA-funded experiments in this Times of London article. Read also an excellent summary on the involvement of doctors in the CIA's brainwashing experiments. For more along these lines, see concise summaries of deeply revealing mind control news articles from reliable major media sources.
"In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." That warning was in [Warren] Buffett's 2002 letter to Berkshire shareholders. He saw a future that many others chose to ignore. Wall Street didn't listen to Buffett. Derivatives grew into a massive bubble, from about $100 trillion to $516 trillion by 2007. Despite Buffett's clear warnings, a massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession. Data on the five-fold growth of derivatives to $516 trillion in five years comes from the most recent survey by the Bank of International Settlements, the world's clearinghouse for central banks in Basel, Switzerland. Keep in mind that while the $516 trillion "notional" value (maximum in case of a meltdown) of the deals is a good measure of the market's size, the 2007 BIS study notes that the $11 trillion "gross market values provides a more accurate measure of the scale of financial risk transfer taking place in derivatives markets." The fact is, derivatives have become the world's biggest "black market," exceeding the illicit traffic in stuff like arms, drugs, alcohol, gambling, cigarettes, stolen art and pirated movies. Why? Because like all black markets, derivatives are a perfect way of getting rich while avoiding taxes and government regulations. And in today's slowdown, plus a volatile global market, Wall Street knows derivatives remain a lucrative business.
Note: $516 trillion is equivalent to $75,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.
The members of Mike Hurley's [9/11 Commisson investigative] team were ... alarmed by the revelations, week by week, month by month, of how close the commission's chief director, Philip Zelikow, was to Rice and others at the White House. They learned early on about Zelikow's work on the Bush transition team in 2000 and early 2001, and about how much antipathy there was between him and ["Counterterrorism Czar"] Richard Clarke. They heard the stories about Zelikow's role in developing the "pre-emptive war" strategy at the White House in 2002. Zelikow's friendships with Rice and others were a particular problem for Warren Bass, since Rice and Clarke were at the heart of his part of the investigation. It was clear to some members of team that they could not have an open discussion in front of Zelikow about Rice and her performance as National Security Adviser. For Hurley's team, there was a reverse problem with Clarke. It was easy to talk about Clarke in Zelikow's presence, as long as the conversation centred on Clarke's failings at the NSC and his purported dishonesty. Long before Bass had seen Clarke's files, Zelikow made it clear to the team's investigators that Clarke should not be believed, that his testimony would be suspect. He argued that Clarke was a braggart who would try to rewrite history to justify his errors and slander his enemies, Rice in particular.
Note: This critique of the close ties to the White House of Philip Zelikow, Executive Director of the 9/11 Commission, is an excerpt from Philip Shenon's new book, The Commission: The Uncensored History of the 9/11 Investigation. For an even deeper analysis of the Commission's failings, read WantToKnow.info team member David Ray Griffin's book, The 9/11 Commission Report: Omissions and Distortions.
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.