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Revealing News For a Better World

Government Corruption News Articles
Excerpts of key news articles on


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 revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


Oranges and Sunshine: an illuminating true-life drama
2011-03-13, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/oranges-and-sunshine/oranges-sunshine-emily-watson-...

How could more than 130,000 children be shipped from Britain to Australia and other Commonwealth countries, often without their parents' knowledge, and the world not know about it? [This is] the chilling poser at the heart of Jim Loach's debut film, Oranges and Sunshine, which centres on a policy that saw children from poor and struggling families sent halfway across the world to a promised new life. Instead, many endured virtual slave labour and, in some extreme cases, serial abuse. In the film, we follow Margaret [as] she gradually uncovers the devastating effects that the deportation has had on its victims. In Australia, Margaret's efforts amass evidence that defenceless children, in the care of the Roman Catholic Christian Brotherhood, have been physically and sexually abused by members of the order. However, Margaret is seen as a troublemaker, an outsider stirring up long-forgotten memories. Back in the UK, charities and government officials are refusing to accept responsibility for sending the children abroad. She receives death threats. Margaret eventually finds personal solace as her efforts finally come to fruition. Families are brought back together after decades apart, and the now grown-up children are able to establish their true identities. Finally, in 2009-10, after many years of official denial and vacillation, there are full public apologies from the Australian and British governments. Loach's film intelligently explores a grave injustice. The title, Oranges and Sunshine, refers to the inviting picture of a new life sold to the children in advance of their long journey to the other side of the world. It is a shattering, yet inspiring story.

Note: For more on this huge scandal of child abduction and abuse, click here. For another scandal of major child abuse based in Australia that has yet to be fully exposed, click here. For more on child sexual abuse, see the deeply revealing reports from reliable major media sources available here.


Financial meltdown culprits seem too big to jail
2011-03-07, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/06/EDPG1I481K.DTL

What's wrong with this picture: Years have passed since Wall Street's financial meltdown. Due to the crisis, the economy tanked, the mortgage market has yet to recover, and millions of jobs were lost. Many of those jobs losses will be permanent. The only person who went to jail for any of this was Bernie Madoff. When he accepted his Academy Award for the documentary "Inside Job," Berkeley filmmaker Charles Ferguson reminded Americans that the lack of criminal prosecutions for the financial crisis is, simply, "wrong." No matter what kinds of logical, legal explanations that the Justice Department has trotted out to explain why all of these senior financial executives are too big to jail, it's outrageous that there has not been and will not be any comeuppance for the men who plunged the American economy into chaos. The fact that some of these executives have or will receive some financial punishment in civil court is of little consequence - if ruining the economy isn't worth a little jail time, then what is? The Obama administration has not made it a priority to prosecute financial executives. Its reticence to punish was prominently on display last month, when the Justice Department decided not to prosecute Angelo Mozilo, the former CEO of Countrywide Financial. Mozilo left an e-mail trail detailing his feelings about Countrywide's "toxic" mortgage products and negotiated a $67.5 million payout in a civil suit that was brought against him by the Securities and Exchange Commission. If the feds don't go after him, it's unlikely that they'll go after anyone else. It's a bitter contrast to the 1980s savings-and-loan crisis, when the federal government threw enormous resources at criminal prosecutions and sent even well-connected executives, like Charles Keating, to jail.

Note: For other highly revealing major media articles showing just how much control big bankers have over government, click here.


Are America's Best Days Behind Us?
2011-03-03, Time Magazine
http://www.time.com/time/nation/article/0,8599,2056610-1,00.html

Most Americans operate on the assumption that the U.S. is still No. 1. But is it? Yes, the U.S. remains the world's largest economy, and we have the largest military by far, the most dynamic technology companies and a highly entrepreneurial climate. But ... the decisions that created today's growth — decisions about education, infrastructure and the like — were made decades ago. The following rankings come from various lists, but they all tell the same story. Our 15-year-olds rank 17th in the world in science and 25th in math. We rank 12th among developed countries in college graduation (down from No. 1 for decades). We come in 79th in elementary-school enrollment. Our infrastructure is ranked 23rd in the world, well behind that of every other major advanced economy. American health numbers are stunning for a rich country: based on studies by the OECD and the World Health Organization, we're 27th in life expectancy, 18th in diabetes and first in obesity. Only a few decades ago, the U.S. stood tall in such rankings. No more. There are some areas in which we are still clearly No. 1, but they're not ones we usually brag about. We have the most guns. We have the most crime among rich countries. And, of course, we have by far the largest amount of debt in the world. Reducing funds for things like education, scientific research, air-traffic control, NASA, infrastructure and alternative energy will not produce much in savings, and it will hurt the economy's long-term growth. It would happen at the very moment that countries from Germany to South Korea to China are making large investments in education, science, technology and infrastructure.

Note: In discussing how the U.S. can reduce it's staggering debt, this article, like almost every major media article, fails to even mention the possibility of cutting our huge military budget. For why this is, click here.


UFO files reveal 'Rendlesham incident' papers missing
2011-03-02, BBC News
http://www.bbc.co.uk/news/uk-12613690

Intelligence papers on a reported UFO sighting known as the "Rendlesham incident" have gone missing, files from the National Archives reveal. The missing files relate to a report of mysterious lights from US servicemen at RAF Woodbridge in Suffolk in 1980. The disappearance came to light with the release of 8,000 previously classified documents on UFOs. Officials found a "huge" gap where defence intelligence files relating to the case should be, the papers show. The incident took place near the fence of RAF Woodbridge - at that time being used by the US Air Force. A group of servicemen reported seeing strange lights in the trees near the base and after investigating found marks on the ground and damage to vegetation. The files reveal the MoD received a request for its own records of the incident in 2000, but when officials looked they discovered a "huge" gap where defence intelligence files relating to it should be. But it is not the only gap in the official record. In 2002 the MoD received a request for information from Lord Hill-Norton. He wanted to know about reports of a UFO sighting made by HMS Manchester while on exercise in the 1990s. It emerged in the file that HMS Manchester's log for one of the periods was lost overboard after "a gust of wind".

Note: Something major is missing from this article, too. The servicemen at Rendlesham not only found marks, they saw a craft up close. One man even touched the vehicle. These military men have all gone on record with their experience and all claim a cover-up. For an intriguing documentary on this landmark case, click here. For other key information and documents on the Rendlesham incident, click here. For a two-page summary of testimony from top military and government officials on their personal involvement with UFOs, click here.


The figure in the new budget proposal nobody in power wants you to notice
2011-03-01, CBS News
http://www.cbsnews.com/stories/2011/03/01/opinion/main20038078.shtml

Normally, in media accounts, you hear about the Pentagon budget and the war-fighting supplementary funds passed by Congress for our conflicts in Iraq and Afghanistan. That already gets you into a startling price range -- close to $700 billion for 2012 -- but that's barely more than half of it. If Americans were ever presented with the real bill for the total U.S. national security budget, it would actually add up to more than $1.2 trillion a year. Take that in for a moment. It's true; you won't find that figure in your daily newspaper or on your nightly newscast, but it's no misprint. It's the real thing when it comes to your tax dollars. The simplest way to grasp just how Americans could pay such a staggering amount annually for "security" is to go through what we know about the U.S. national security budget, step by step, and add it all up. [Click here for details] Still, don't for a second think that $1.2 trillion is the actual grand total for what the U.S. government spends on national security. Former Secretary of Defense Donald Rumsfeld once famously spoke of the world's "known unknowns." Explaining the phrase this way: "That is to say there are things that we now know we don't know." It's a concept that couldn't apply better to the budget he once oversaw. American taxpayers should know just what they are paying for.

Note: When discussing budget cuts, why is it we never hear about cuts to the massive national security budget? Donald Rumsfeld also once admitted that the Pentagon couldn't track $2.3 trillion in transactions, as reported by CBS News in this video clip. For lots more on the rampant corruption of military funds, click here. And for a top US general revealing how bankers and industry tycoons rake in profits from war, click here.


Military to investigate claim that psy-ops team was used to influence U.S. senators
2011-02-24, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2011/02/24/AR20110224053...

The top U.S. military commander in Afghanistan intends to order an investigation into whether a three-star general responsible for training Afghan security forces inappropriately used members of a psychological operations team to influence visiting U.S. senators into providing more funding for the war. The U.S. command in Kabul issued a statement Thursday saying Gen. David H. Petraeus "is preparing to order an investigation to determine the facts and circumstances surrounding the issue." The investigation stems from an article published ... on the Web site of Rolling Stone magazine alleging that Lt. Gen. William Caldwell, the head of the U.S. and NATO training operation for Afghan forces, used an "information operations" team to "manipulate visiting American senators" and other visitors, including the chairman of the Joint Chiefs of Staff, Adm. Mike Mullen. The article is based on the claims of a lieutenant colonel who served on a psychological operations team in Afghanistan last year and who alleges he was subjected to retribution when he resisted the assignment.

Note: To read Rolling Stone's fascinating report on how the US military used a secret program to pressure Senators to support the war, click here.


U.S. Gov't Software Creates 'Fake People' to Spread Message via Social Networking
2011-02-19, Fox News
http://nation.foxnews.com/culture/2011/02/19/us-gov-t-software-creates-fake-p...

The US government is offering private intelligence companies contracts to create software to manage "fake people" on social media sites. Private security firms employeed by the government have used the accounts to create the illusion of consensus on controversial issues. The contract calls for the development of "Persona Management Software" which would help the user create and manage a variety of distinct fake profiles online. According to the contract, the software would "protect the identity of government agencies" by employing a number of false signals to convince users that the poster is in fact a real person. A single user could manage unique background information and status updates for up to 10 fake people from a single computer. The software enables the government to shield its identity through a number of different methods including the ability to assign unique IP addresses to each persona and the ability to make it appear as though the user is posting from other locations around the world. The document describes how they would 'friend' real people on Facebook as a way to convey government messages.

Note: To read the government contract for "Persona Management" software, click here.


Iraqi Says He Made Up Tale of Biological Weapons Before War
2011-02-16, New York Times
http://www.nytimes.com/2011/02/16/world/middleeast/16curveball.html

The Iraqi defector whose claims that Saddam Hussein’s government had biological weapons became part of the Bush administration’s justification for the 2003 invasion of Iraq has admitted that he fabricated his story. The defector, Rafid Ahmed Alwan al-Janabi, who was code-named “Curveball” by the Central Intelligence Agency and German intelligence officials, told the British newspaper The Guardian on [February 15] that he had concocted his tale that Iraq was hiding mobile bioweapons laboratories. The strange case of “Curveball” has become one of the most infamous episodes in the Bush administration’s case for war. Mr. Janabi’s claim about the mobile laboratories was featured prominently in Secretary of State Colin L. Powell’s address to the United Nations in February 2003, when he laid out the administration’s case that Mr. Hussein was hiding weapons of mass destruction. The United States invaded Iraq in March 2003, and eventually determined that Iraq did not have any such weapons. It later became clear that the Bush administration had relied heavily on bogus information from unreliable exiles like Mr. Janabi.

Note: For background information on "Curveball" in the runup to the Iraq war, click here.


The Day Part of the Internet Died: Egypt Goes Dark
2011-01-28, ABC News/Associated Press
http://abcnews.go.com/Technology/wireStory?id=12783053

About a half-hour past midnight [on January 28] in Egypt, the Internet went dead. Almost simultaneously, the handful of companies that pipe the Internet into and out of Egypt went dark as protesters were gearing up for a fresh round of demonstrations calling for the end of President Hosni Mubarak's nearly 30-year rule, experts said. Egypt has apparently done what many technologists thought was unthinkable for any country with a major Internet economy: It unplugged itself entirely from the Internet to try and silence dissent. Experts say it's unlikely that what's happened in Egypt could happen in the United States because the U.S. has numerous Internet providers and ways of connecting to the Internet. Coordinating a simultaneous shutdown would be a massive undertaking. But the idea of a single "kill switch" to turn the Internet on and off has seduced some American lawmakers, who have pushed for the power to shutter the Internet in a national emergency. The Internet blackout in Egypt shows that a country with strong control over its Internet providers apparently can force all of them to pull their plugs at once. It also sets a precedent for other countries grappling with paralyzing political protests — though censoring the Internet and tampering with traffic to quash protests is nothing new.

Note: For information on how a Israeli company bought out by Boeing facilitated the shutdown of the Internet in Egypt, click here. And to learn about a bill being proposed which would give the US president power over an Internet "kill switch," click here.


Former Spy With Agenda Operates a Private C.I.A.
2011-01-23, New York Times
http://www.nytimes.com/2011/01/23/world/23clarridge.html

Duane R. [Dewey] Clarridge parted company with the Central Intelligence Agency more than two decades ago, but from poolside at his home near San Diego, he still runs a network of spies. Over the past two years, he has fielded operatives in the mountains of Pakistan and the desert badlands of Afghanistan. Since the United States military cut off his funding in May, he has relied on like-minded private donors to pay his agents to continue gathering information about militant fighters [and] Taliban leaders. Mr. Clarridge, 78, ... was indicted on charges of lying to Congress in the Iran-contra scandal and later pardoned. His dispatches — an amalgam of fact, rumor, analysis and uncorroborated reports — have been sent to military officials who, until last spring at least, found some credible enough to be used in planning strikes against militants in Afghanistan. They are also fed to conservative commentators, including Oliver L. North, a compatriot from the Iran-contra days and now a Fox News analyst, and Brad Thor, an author of military thrillers and a frequent guest of Glenn Beck. Mr. Clarridge’s operation ... is a startling demonstration of how private citizens can exploit the chaos of combat zones and rivalries inside the American government to carry out their own agenda. It also shows how the outsourcing of military and intelligence operations has spawned legally murky clandestine operations.

Note: For key reports from reliable sources on the role of private contractors in the illegal US wars of aggression in Afganistan and Iraq, click here.


The state's pedlars of fear must be brought to account
2011-01-11, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/commentisfree/2011/jan/11/police-reform-mark-stone-...

[Mark] Kennedy moved from undercover agent to agent provocateur. He worked for a murky organisation called the National Public Order Intelligence Unit (NPOIU). With a budget of Ł5m this operates as a branch of the National Domestic Extremism Unit (NDEU) which, in turn, works alongside the National Extremism Tactical Co-ordination Unit (NETCU). Ask where this stands, and you will be told it reports to the Association of Chief Police Officers' Terrorism and Allied Matters Committee, codenamed Acpo(TAM). Kennedy's bosses in the NPOIU work for Acpo, but this is not what it seems. It is not, as its name suggests, the police officers' staff club, nor is it a public body of any sort. [ACPO] is a private company, incorporated in 1997. It is sub-contracted by Whitehall to operate the police end of the government's counterterrorism and "anti-extremism" strategies. It is thus alongside MI5, but even less accountable. It now runs its own police forces under a police chief boss, Sir Hugh Orde, like a British FBI. It trades on its own account, generating revenue by selling data from the police national computer for Ł70 an item (cost of retrieval, 60p). It owns an estate of 80 flats in central London. As a private company, Acpo need not accede to Freedom of Information requests and presumably could distribute its profit to its own board. The whole operation is reminiscent of the deals set up by the Pentagon with private firms to run the Iraq and Afghan wars, free of publicity or accountability.

Note: For further information on the amazing undercover career of UK agent provocateur Mark Kennedy, click here and here and here.


When Insurers Put Profits Between Doctor and Patient
2011-01-06, New York Times
http://www.nytimes.com/2011/01/06/health/views/06chen.html

In articles, interviews, op-eds and testimony on Capitol Hill, Wendell Potter has described the dark underbelly of the health care insurance industry — unkept promises of care, canceled coverage of those who get sick and fearmongering campaigns designed to quash any change that might adversely affect profits. He should know what he is talking about. For 20 years, Mr. Potter was the head of corporate communications at two major insurers, first at Humana and then at Cigna. Now Mr. Potter has written a fascinating book that details the methods he and his colleagues used to manipulate public opinion and describes his transformation from the idealistic son of working-class parents in eastern Tennessee to top insurance company executive, to vocal critic and industry watchdog. Using little of the fiery rhetoric or lurid prose that usually marks corporate exposés or memoirs of redemption, the book, Deadly Spin ... is an evenhanded yet riveting account of the inner workings of the health care insurance industry, a cautionary tale that doctors and patients would be wise not to miss. Mr. Potter [describes] the myth-making he did, interspersing descriptions of front groups, paid spies and jiggered studies with a deft retelling of the convoluted (and usually eye-glazing) history of health care insurance policies.

Note: Mr. Potter has written a powerful condemnation of health care industry practices at this link. For other major media articles on this courageous whistleblower, click here. And for other highly informative reports on important health issues, click here.


Terrorist watch list: One tip now enough to put name in database
2010-12-29, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/29/AR20101229015...

A year after a Nigerian man allegedly tried to blow up a Detroit-bound airliner, officials say they have made it easier to add individuals' names to a terrorist watch list. The failure to put Umar Farouk Abdulmutallab on the watch list last year renewed concerns that the government's system to screen out potential terrorists was flawed. Even though Abdulmutallab's father had told U.S. officials of his son's radicalization in Yemen, government rules dictated that a single-source tip was insufficient to include a person's name on the watch list. Since then, senior counterterrorism officials say they have altered their criteria so that a single-source tip, as long as it is deemed credible, can lead to a name being placed on the watch list. But civil liberties groups argue that the government's new criteria, which went into effect over the summer, have made it even more likely that individuals who pose no threat will be swept up in the nation's security apparatus, leading to potential violations of their privacy and making it difficult for them to travel. "They are secret lists with no way for people to petition to get off or even to know if they're on," said Chris Calabrese, legislative counsel for the American Civil Liberties Union. The list, which stands at 440,000 people, [is now] about 5 percent larger than last year.

Note: For lots more from reliable sources on growing threats to civil liberties, click here.


C.I.A. Secrets Could Surface in Swiss Nuclear Case
2010-12-24, New York Times
http://www.nytimes.com/2010/12/24/world/europe/24nukes.html

A seven-year effort by the Central Intelligence Agency to hide its relationship with a Swiss family who once acted as moles inside the world’s most successful atomic black market hit a turning point on [December 23] when a Swiss magistrate recommended charging the men with trafficking in technology and information for making nuclear arms. The prospect of a prosecution, and a public trial, threatens to expose some of the C.I.A.’s deepest secrets if defense lawyers try to protect their clients by revealing how they operated on the agency’s behalf. The three men — Friedrich Tinner and his two sons, Urs and Marco — helped run the atomic smuggling ring of A. Q. Khan, an architect of Pakistan’s nuclear bomb program, officials in several countries have said. In return for millions of dollars, according to former Bush administration officials, the Tinners secretly worked for the C.I.A. as well, not only providing information about the Khan network’s manufacturing and sales efforts, which stretched from Iran to Libya to North Korea, but also helping the agency introduce flaws into the equipment sent to some of those countries. A trial ... could also expose in court a tale of C.I.A. break-ins in Switzerland, and of a still unexplained decision by the agency not to seize electronic copies of a number of nuclear bomb designs found on the computers of the Tinner family. Ultimately, copies of those blueprints were found around the globe on the computers of members of the Khan network.

Note: This report establishes yet another connection between a secret nuclear materials network linking both Khan and US government officials, parts of which were divulged by FBI whistleblower Sibel Edmonds, who identified moles working with Khan in both the US State Department and the Pentagon. For more on these highly suspicious networks, click here.


Monitoring America
2010-12-20, Washington Post
http://projects.washingtonpost.com/top-secret-america/articles/monitoring-ame...

Nine years after the terrorist attacks of 2001, the United States is assembling a vast domestic intelligence apparatus to collect information about Americans, using the FBI, local police, state homeland security offices and military criminal investigators. The system, by far the largest and most technologically sophisticated in the nation's history, collects, stores and analyzes information about thousands of U.S. citizens and residents, many of whom have not been accused of any wrongdoing. The months-long investigation [by The Washington Post], based on nearly 100 interviews and 1,000 documents, found that: * Technologies and techniques honed for use on the battlefields of Iraq and Afghanistan have migrated into the hands of law enforcement agencies in America. * The FBI is building a database with the names and certain personal information, such as employment history, of thousands of U.S. citizens and residents whom a local police officer or a fellow citizen believed to be acting suspiciously. * Law enforcement agencies have hired as trainers self-described experts whose extremist views on Islam and terrorism are considered inaccurate and counterproductive by the FBI and U.S. intelligence agencies. * The Department of Homeland Security sends its state and local partners intelligence reports with little meaningful guidance, and state reports have sometimes inappropriately reported on lawful meetings.

Note: This report is part of a series, "Top Secret America," by The Washington Post. For more, click here.


State Budgets: The Day of Reckoning
2010-12-19, CBS News
http://www.cbsnews.com/stories/2010/12/19/60minutes/main7166220.shtml

There is [a] financial crisis looming involving state and local governments. In the two years since the "great recession" wrecked their economies and shriveled their income, the states have collectively spent nearly a half a trillion dollars more than they collected in taxes. There is also a trillion-dollar hole in their public pension funds. The states have been getting by on billions of dollars in federal stimulus funds, but the day of reckoning is at hand. The debt crisis [could] cost a million public employees their jobs and require another big bailout package that no one in Washington wants to talk about. "The most alarming thing about the state issue is the level of complacency," Meredith Whitney, one of the most respected financial analysts on Wall Street. "It has tentacles as wide as anything I've seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy," she [said]. California, which faces a $19 billion budget deficit next year, has a credit rating approaching junk status. It now spends more money on public employee pensions than it does on the state university system, which had to increase its tuition by 32 percent. Arizona is so desperate it sold off the state capitol, Supreme Court building and legislative chambers to a group of investors and now leases the buildings from their new owner. The state also eliminated Medicaid funding for most organ transplants.

Note: For key reports from major media sources on the devastating consequences for Main Street of the criminal bailout of Wall Street, click here.


Senate panel ban seen as double standard
2010-12-19, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/18/AR20101218035...

Gordon R. England's appointment to a top Pentagon post in 2006 came at a high price. The Senate committee overseeing his confirmation demanded that he give up lucrative stocks and options he held in companies that do business with the military. England said he took a big hit on his taxes and lost out on more than $1 million in potential profits that year when he divested himself of interests in companies that included General Dynamics. If he had been a senator, he would not have had to sell anything. The Senate Armed Services Committee prohibits its staff and presidential appointees requiring Senate confirmation from owning stocks or bonds in 48,096 companies that have Defense Department contracts. But the senators who sit on the influential panel are allowed to own any assets they want. And they have owned millions in interests in these firms. The committee's prohibition is designed to prevent high-ranking Pentagon officials from using inside information to enrich themselves or members of their immediate family. But panel members have access to much of the same inside information, because they receive classified briefings from high-ranking defense officials about policy, contracts and plans for combat strategies and weapons systems. "I think Congress should live by the rules they impose on other people," said England, who served as deputy defense secretary under George W. Bush until 2009.

Note: Congress is amost always exempt from it's own rules, as further described in this powerful Time magazine article. This is one major source of rampant corruption in US government. For more on government corruption, click here.


Brooksley Born foresaw disaster but was silenced
2010-12-05, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/05/BUHC1GLHFA.DTL

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.


WikiLeaks' War on Secrecy: Truth's Consequences
2010-12-02, Time Magazine
http://www.time.com/time/magazine/article/0,9171,2034488,00.html

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.


Senator Bernie Sanders on the War Between the Shrinking Middle Class and the Wealthy
2010-11-30, U.S. Senate Testimony
http://sanders.senate.gov/newsroom/news/?id=c8f26b05-01e7-429f-a5e0-a9a6bd1a0f40

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.


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