Government Corruption News ArticlesExcerpts of key news articles on
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Environmental organizations filed a lawsuit [on December 16] against the National Marine Fisheries Service to demand it force the Navy to consider alternatives to its five-year plan that will intensify its sonar use off Southern California and Hawaii. Earthjustice, representing several groups, filed the lawsuit ... only hours after the federal agency announced it had decided to grant the Navy permits to move ahead with its plans for training and testing in the Pacific. Environmentalists [favor] creating zones that would be off-limits to biologically sensitive areas [and] want the Navy to avoid training in certain spots seasonally when they are rich in marine life. "The science is clear: sonar and live-fire training in the ocean harms marine mammals," said Marsha Green of Ocean Mammal Institute. "There are safer ways to conduct Navy exercises that include time and place restrictions to avoid areas known to be vital for marine mammals' feeding, breeding and resting." Reported mass strandings of beaked whales have increased around the world since the military started using sonar more than half a century ago. The sounds can scare animals into shallow waters where they can become disoriented and wash ashore. Aside from beachings, biologists are concerned about prolonged stress from changes in diving, feeding and communication habits. Two recent studies off the Southern California coast found certain endangered blue whales and beaked whales stopped feeding and fled from recordings of noise similar to military sonar. Beaked whales are highly sensitive to sound and account for the majority of strandings near military exercises.
Note: Consider that naval sonar doesn't "scare" marine mammals, but rather drives them insane with the intensity of noise. Imagine a huge siren right next to your ears. You would certainly flee to try to get away. This is likely what is causing many of the whale and dolphin strandings. Studies have found stranded animals to have perforated ear drums, as you can read in this NBC News article. How much sound does it take to perforate an ear drum? For more on threats to marine mammals, see the deeply revealing reports from reliable major media sources available here.
A participant in a White House-sponsored review of surveillance activities described as “shameful” an apparent decision to leave most of the National Security Agency’s controversial bulk spying intact. Sascha Meinrath, director of the Open Technology Institute, said [on December 13] that ... “The review group was searching for ways to make the most modest pivot necessary to continue business as usual.” Should the review group’s report resemble descriptions that leaked ... the report “does nothing to alter the lack of trust the global populace has for what the US is doing, and nothing to restore our reputation as an ethical internet steward,” said Meinrath, who met with the advisory panel and White House officials twice to discuss the bulk surveillance programs that have sparked international outrage. Leaks about the review group’s expected recommendations to the New York Times and Wall Street Journal strengthened Meinrath and other participants’ long-standing suspicions that much of the NSA’s sweeping spy powers would survive. The Times quoted an anonymous official familiar with the group saying its report “says we can’t dismantle these programs, but we need to change the way almost all of them operate”. According to the leaks, the review group will recommend that bulk collection of every American’s phone call data continue, possibly by the phone companies instead of the NSA, with tighter restrictions than the “reasonable, articulable suspicion” standard for searching through them that the NSA currently employs.
Note: For more on massive government intrusions of citizens' privacy, see the deeply revealing reports from reliable major media sources available here.
The Trans-Pacific Partnership (TPP) free trade agreement is being negotiated in Singapore this week between Australia, New Zealand, the US, Peru, Chile, Mexico, Canada, Singapore, Brunei, Malaysia, Vietnam and Japan. The countries have a combined gross domestic product (GDP) of US$28,136bn on 2012 figures, which represents almost 40% of the world’s GDP. There have been many contentious issues around the TPP: critics are particularly concerned about the secrecy around the agreement given it has the capacity to change many local laws and regulations. The majority of public criticism has centred on arguments relating to intellectual property and the cost of medicines, though many have concerns about environmental issues including climate change, investment, e-commerce and labour laws. The US has been rigid in its demands for stronger intellectual property protection to champion the rights of its global giants such as IT companies and its film and music industries. The US position on [the] investor-state dispute settlement provision ... grants foreign companies the right to sue [a] government under international law. All countries accepted there needed to be agreement on privacy obligations with regard to information-sharing, apart from the US, which reserved its position on privacy. The US position has left people wondering whether the TPP will undermine privacy, particularly in the wake of the NSA revelations from the Snowden documents. There appear to be deep divisions on environment and climate change, with the US and Australia opposing any extension of the text on climate matters.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
Federal officials on [December 9] unsealed five criminal cases filed against 18 current and former Los Angeles County sheriff's deputies as part of an FBI investigation into allegations of civil rights abuses and corruption in the nation's largest jail system. Four grand jury indictments and a criminal complaint allege unjustified beatings of jail inmates and visitors at downtown Los Angeles jail facilities, unjustified detentions and a conspiracy to obstruct a federal investigation into misconduct at the Men's Central Jail. The FBI has been investigating allegations of excessive force and other misconduct at the county's jails since at least 2011. [An] official said the arrests were related to the abuse of individuals in the jail system and also allegations that sheriff's officials moved an FBI informant in the jails possibly to thwart their probe. Among those charged with conspiracy and obstruction of justice in the 18-page indictment are two lieutenants, one of whom oversaw the department's safe jails program and another who investigated allegations of local crimes committed by sheriff's personnel, two sergeants and three deputies. All seven are accused of trying to prevent the FBI from contacting or interviewing an inmate who was helping federal agents in a corruption and civil rights probe. In an attempt to find out more information about the investigation, one lieutenant and the two sergeants sought a court order to compel the FBI to provide documents, prosecutors said. When a state judge denied the proposed order, the two sergeants allegedly attempted to intimidate one of the lead FBI agents outside her house and falsely told her they were going to seek a warrant for her arrest, the indictment said.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
The National Security Agency isn't the only government entity secretly collecting data from people's cellphones. Local police are increasingly scooping it up, too. Armed with new technologies, including mobile devices that tap into cellphone data in real time, dozens of local and state police agencies are capturing information about thousands of cellphone users at a time, whether they are targets of an investigation or not. The records, from more than 125 police agencies in 33 states, reveal [that] about one in four law-enforcement agencies have used a tactic known as a "tower dump," which gives police data about the identity, activity and location of any phone that connects to the targeted cellphone towers over a set span of time, usually an hour or two. A typical dump covers multiple towers, and wireless providers, and can net information from thousands of phones. At least 25 police departments own a Stingray, a suitcase-size device that costs as much as $400,000 and acts as a fake cell tower. The system, typically installed in a vehicle so it can be moved into any neighborhood, tricks all nearby phones into connecting to it and feeding data to police. In some states, the devices are available to any local police department via state surveillance units. Organizations such as the American Civil Liberties Union and Electronic Privacy Information Center say the swelling ability by even small-town police departments to easily and quickly obtain large amounts of cellphone data raises questions about the erosion of people's privacy as well as their Fourth Amendment protections against unreasonable search and seizure.
Note: For more on massive government intrusions of citizens' privacy, see the deeply revealing reports from reliable major media sources available here.
An alliance of corporations and conservative activists is mobilising to penalise homeowners who install their own solar panels – casting them as "freeriders" – in a sweeping new offensive against renewable energy. Over the coming year, the American Legislative Exchange Council (ALEC) will promote legislation with goals ranging from penalising individual homeowners and weakening state clean energy regulations, to blocking the Environmental Protection Agency, [the government's] main channel for climate action. Details of ALEC's strategy to block clean energy development at every stage – from the individual rooftop to the White House – are revealed as the group gathers for its policy summit in Washington this week. About 800 state legislators and business leaders are due to attend the three-day event, which begins ... with appearances by the Wisconsin senator Ron Johnson and the Republican budget guru and fellow Wisconsinite Paul Ryan. Other ALEC speakers will be a leading figure behind the recent government shutdown, US senator Ted Cruz of Texas, and the governors of Indiana and Wyoming. For 2014, ALEC plans to promote a suite of model bills and resolutions aimed at blocking Barack Obama from cutting greenhouse gas emissions, and state governments from promoting the expansion of wind and solar power through regulations known as Renewable Portfolio Standards. ALEC [wants] to lower the rate electricity companies pay homeowners for direct power generation – and maybe even charge homeowners for feeding power into the grid.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
Chicago Mayor Rahm Emanuel wants to introduce a mandatory prison sentence for anyone caught with an illegal firearm. But reams of data shows that incarceration creates more crime. One in 100 adults in the U.S. lives behind bars. One in nine African-American men are imprisoned. This country’s addiction to incarceration has not made us safer, but has instead imposed upon us an untenable, senseless tax while unfairly targeting poor communities of color and perpetuating crime and violence in our neighborhoods. Lawmakers on both sides of the aisle and activists on the left and the right are taking action to roll back imprisonment rates. Chicago’s communities have been ravaged by mass imprisonment. The U.S. currently has the dubious distinction of having the highest per capita incarceration rate in the world. And communities on Chicago’s West and South sides have incarceration rates that are double—and sometimes triple—the national average. This is not because more crime occurs in these neighborhoods. A National Institute of Health study that focused on the effects of mass incarceration on Chicago’s neighborhoods found that communities marked by poverty and racial segregation experience incarceration rates that are more than three times higher communities with similar crime rates.
Note: For more on the devastating impacts on society of the government-prison-industrial complex, see the deeply revealing reports from reliable major media sources available here.
Canada allowed the U.S. National Security Agency (NSA) to conduct widespread surveillance during the 2010 Group of 20 summit in Toronto, according to a media report that cited documents from former NSA contractor Edward Snowden. The report by the Canadian Broadcasting Corp ... cited briefing notes it said showed the United States turned its Ottawa embassy into a security command post during a six-day spying operation by the top-secret U.S. agency as President Barack Obama and other world leaders met that June. One of the bylines on the CBC report was Glenn Greenwald, the U.S. journalist who has worked with Snowden on several other NSA stories. CBC ... quoted an NSA briefing note describing the operation as "closely coordinated with the Canadian partner". The Canadian equivalent of the NSA is the Communications Security Establishment Canada, or CSEC. CBC said the documents did not reveal the targets of the NSA operation, but described part of the U.S. eavesdropping agency's mandate at the Toronto summit as "providing support to policymakers". CSEC, which has a very low public profile, employs about 2,000 people. It is part of the so-called Five Eyes intelligence-sharing network that also includes the United States, Britain, New Zealand and Australia. Last month, Brazil angrily demanded an explanation for media reports which said CSEC agents had targeted its mines and energy industry.
Note: For more on the realities of intelligence agency activities, see the deeply revealing reports from reliable major media sources available here.
By all outward indications, the U.S. Navy Veterans Association was a leader in the charitable community. Founded in 2002 to provide support to Navy veterans in need, the charity recorded astonishing financial success. In its first eight years, it raised around $100 million in charitable contributions, almost all of it through a direct marketing campaign. The organization, headed by Jack L. Nimitz, boasted of 41 state chapters and some 66,000 members. [But] virtually everything about the association turned out to be false: no state chapters, no members, no leader with the name redolent of naval history. Instead, there was one guy: a man calling himself Bobby Thompson. But the money raised was real enough, generated by a series of for-profit telemarketers. The victims, by and large, were unsuspecting small-money donors who received urgent solicitations asking for support for needy naval veterans. Most of the money raised stayed with the fund-raisers, though plenty apparently dripped through to Mr. Thompson and a succession of Republican lawmakers who received generous contributions from the association’s political arm. But little ever made it to the intended beneficiaries. From June 2010, Mr. Thompson was on the run, the search for him hamstrung by the fact that no one had any real idea of who he was. Finally, on April 30, 2012, federal marshals tracked him down in Portland, Ore., finding him with a card to a storage unit containing $981,650 in cash and almost two dozen fake identity cards. Authorities have identified him as John Donald Cody, a former Army intelligence officer and Harvard Law graduate.
Note: As we enter the annual giving season, donors should look to sources like the GiveWell website to find organizations with a track record of effectiveness. Seeking them out — instead of donating to charities that are first to call or that sound familiar or that we’ve heard are good — is the only way to ensure that money reaches those in need. For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.
Much has been made of Bobby Kennedy’s impossible burden following the assassination of his brother. A review of [documents released as recently as a few months ago] by the Globe, fortified by the work of historians and new interviews with former Kennedy aides, paints a picture of a brother responding to the assassination with equal parts crippling grief and growing suspicions. In the five years between his brother’s murder and his own assassination in 1968, Bobby Kennedy voiced public support for the findings of the Warren Commission, namely that a pathetic, attention-seeking gunman had alone been responsible for the murder of President Kennedy. Privately, though, Bobby was dismissive of the commission, seeing it ... as a public relations tool. After hearing the news out of Dallas, it’s clear that he quickly focused his attention on three areas of suspicion: Cuba, the Mafia, and the CIA. Crucially, Bobby had become his brother’s point man in managing all three of those highly fraught portfolios. And by the time the president was gunned down, Bobby understood better than anyone how all three had become hopelessly interwoven, and how much all three bore his own imprint. For while John Kennedy was the one gunned down, Bobby had reason to believe he may have been the ultimate target. Walking the grounds of Hickory Hill just an hour after receiving confirmation of his brother’s death, Bobby confided in an aide something truly unsettling. That aide, Edwin Guthman, would later recount it in his book “We Band of Brothers.” “I thought they would get one of us,” Bobby said, adding, “I thought it would be me.”
Note: In 2006, BBC reported that CIA operatives were directly involved in Robert Kennedy's assassination, and that Sirhan Sirhan may have been a programmed Manchurian Candidate. For more along these lines, see concise summaries of deeply revealing assassinations news articles from reliable major media sources.
Investigators planned to release a long-awaited report [on] the Newtown school shooting that could provide some of the first official answers to questions about the history of the gunman and the police response to one of the worst school shootings in history. The summary report by the lead investigator, State's Attorney Stephen Sedensky III, comes nearly a year after the massacre of 20 children and six women inside Sandy Hook Elementary School. The report ... will not include the full evidence file of Connecticut State Police, which is believed to total thousands of pages. The decision to continue withholding the bulk of the evidence is stirring new criticism of the secrecy surrounding the investigation. Dan Klau, a Hartford attorney who specializes in First Amendment law, said the decision to release a summary report before the full evidence file is a reversal of standard practice and one of the most unusual elements of the investigation. Sedensky has gone to court to fight release of the 911 tapes from the school and resisted calls from Connecticut's governor to divulge more information sooner. The withholding of 911 recordings, which are routinely released in other cases, has been the subject of a legal battle between The Associated Press and Sedensky before the state's Freedom of Information Commission, which ruled in favor of the AP, and now Connecticut's court system. If the recordings are released, the AP would review the content and determine what, if any, of it would meet the news cooperative's standards for publication.
Note: For more on government secrecy, see the deeply revealing reports from reliable major media sources available here.
The phone, internet and email records of UK citizens not suspected of any wrongdoing have been analysed and stored by America's National Security Agency under a secret deal that was approved by British intelligence officials, according to documents from the whistleblower Edward Snowden. In the first explicit confirmation that UK citizens have been caught up in US mass surveillance programs, an NSA memo describes how in 2007 an agreement was reached that allowed the agency to "unmask" and hold on to personal data about Britons that had previously been off limits. The memo ... says the material is being put in databases where it can be made available to other members of the US intelligence and military community. Until now, it had been generally understood that the citizens of each country were protected from surveillance by any of the others. But the Snowden material reveals that: • In 2007, the rules were changed to allow the NSA to analyse and retain any British citizens' mobile phone and fax numbers, emails and IP addresses swept up by its dragnet. • These communications were "incidentally collected" by the NSA, meaning the individuals were not the initial targets of surveillance operations and therefore were not suspected of wrongdoing. • The NSA has been using the UK data to conduct so-called "pattern of life" or "contact-chaining" analyses, under which the agency can look up to three "hops" away from a target of interest – examining the communications of a friend of a friend of a friend. Three hops for a typical Facebook user could pull the data of more than 5 million people into the dragnet.
Note: For more on government threats to privacy, see the deeply revealing reports from reliable major media sources available here.
A secret court order that authorised a massive trawl by the National Security Agency of Americans' email and internet data was published for the first time on [November 18], among a trove of documents that also revealed a judge's concern that the NSA "continuously" and "systematically" violated the limits placed on the program. Another later court order found that what it called "systemic overcollection" had taken place. In a heavily redacted opinion Colleen Kollar-Kotelly, the former presiding judge of the FISA court, placed legal weight on the methods of surveillance employed by the NSA, which had never before collected the internet data of “an enormous volume of communications”. The methods, known as pen registers and trap-and-trace devices, record the incoming and outgoing routing information of communications. Kollar-Kotelly ruled that acquiring the metadata, and not the content, of email and internet usage in bulk was harmonious with the “purpose” of Congress and prior court rulings – even though no surveillance statute ever authorized it and top officials at the Justice Department and the FBI threatened to resign in 2004 over what they considered its dubious legality. The type of data collected under the program included information on the "to", "from" and "bcc" lines of an email rather than the content. Metadata, wrote Kollar-Kotelly, enjoyed no protection under the fourth amendment to the US constitution, a precedent established by the Supreme Court in 1979 in a single case on which the NSA relies currently.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
Officially, the Trans-Pacific Partnership is a trade treaty that will ease the flow of goods and services among the United States ... and other nations along the Pacific Rim. But it has attracted criticism for its secrecy, and for the inclusion of controversial provisions related to copyright, patent, and trademark protections. Wikileaks released an August draft of the "intellectual property" chapter of the treaty. The United States has been using the treaty as a vehicle to pressure its negotiating partners to make their laws more favorable to the interests of U.S. filmmakers, drug companies, and other large holders of copyright and patent rights. Several proposed items are drawn from Hollywood's wish list. The United States has also pushed for a wide variety of provisions that would benefit the U.S. pharmaceutical and medical device industries. The Obama administration wants to require the extension of patent protection to plants, animals, and medical procedures. It wants to require countries to offer longer terms of patent protection to compensate for delays in the patent application process. The United States also wants to bar the manufacturers of generic drugs from relying on safety and efficacy information that was previously submitted by a brand-name drug maker — a step that would make it harder for generic manufacturers to enter the pharmaceutical market and could raise drug prices.
Note: Why was this vitally important, yet little-reported news relegated to a blog? Read an October, 2014 update on the secret trade deal in The Guardian (One of the UK's leading newspapers). The Environment Chapter of the TPP has also been leaked. For more along these lines, see these concise summaries of deeply revealing articles about government secrecy.
A group of Occupy Wall Street activists has bought almost $15m of Americans' personal debt over the last year as part of the Rolling Jubilee project to help people pay off their outstanding credit. Rolling Jubilee, set up by Occupy's Strike Debt group following the street protests that swept the world in 2011, launched on 15 November 2012. The group purchases personal debt cheaply from banks before "abolishing" it, freeing individuals from their bills. By purchasing the debt at knockdown prices the group has managed to free $14,734,569.87 of personal debt, mainly medical debt, spending only $400,000. "We thought that the ratio would be about 20 to 1," said Andrew Ross, a member of Strike Debt and professor of social and cultural analysis at New York University. "In fact we've been able to buy debt a lot more cheaply than that." The Rolling Jubilee project was mostly conceived as a "public education project", Ross said. "Our purpose in doing this, aside from helping some people along the way – there's certainly many, many people who are very thankful that their debts are abolished – our primary purpose was to spread information about the workings of this secondary debt market." The group has ... acquired the $14.7m in three separate purchases, most recently purchasing the value of $13.5m on medical debt owed by 2,693 people across 45 states and Puerto Rico, Rolling Jubilee said in a press release. “No one should have to go into debt or bankruptcy because they get sick,” said Laura Hanna, an organiser with the group. Hanna said 62% of all personal bankruptcies have medical debt as a contributing factor.
Note: For a treasure trove of great news articles which will inspire you to make a difference, click here.
The fifty years since the assassination of John F. Kennedy have done little to quell the public's interest or skepticism about who killed the president. In 1978 ... the House of Representatives Select Committee on Assassinations found that in addition to Oswald, there likely was a second gunman who fired at the president's motorcade. The commission concluded that the gunmen were part of a "conspiracy," without determining exactly who was behind it, opening the door to five decades and a cottage industry of theories. According to a 2003 ABC News Poll, 70 percent of Americans believe Kennedy's death was "the result of a plot, not the act of a lone killer." Fifty-one percent believe Oswald did not act alone, and 7 percent believe Oswald was not involved at all in the assassination. In the years since Kennedy's death more than 2,000 books have been written about the assassination, many of which espouse one or more conspiracy theories. In nearly every theory that involves American conspirators, be they wealthy industrialists or tough-as-nails mafiosi, one group is routinely represented – the CIA. One theory suggests that Oswald was a CIA operative and agents tampered with his FBI file before and after the investigation to make it appear he was a communist and lone wolf. [Another theory claims President Lyndon] Johnson was aided in the plot by another man who would become president, George H.W. Bush, a burgeoning CIA official who happened to be in Dallas on the day of the assassination.
Note: On the 50th anniversary of the Kennedy assassination see our powerful JFK assassination information center and the best videos and news articles on the topic. For an astonishing History Channel Video in which the attorney for Lyndon Johnson states he has no doubt Johnson was involved in the assassination, click here.
I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time. Where are we today? The Fed keeps buying roughly $85 billion in bonds a month, chronically delaying so much as a minor QE taper. Over five years, its bond purchases have come to more than $4 trillion. Amazingly, in a supposedly free-market nation, QE has become the largest financial-markets intervention by any government in world history. And the impact? Even by the Fed's sunniest calculations, aggressive QE over five years has generated only a few percentage points of U.S. growth. By contrast, experts outside the Fed, such as Mohammed El Erian at the Pimco investment firm, suggest that the Fed may have created and spent over $4 trillion for a total return of as little as 0.25% of GDP (i.e., a mere $40 billion bump in U.S. economic output). Both of those estimates indicate that QE isn't really working. Unless you're Wall Street. Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009. The biggest ones have only become more of a cartel: 0.2% of them now control more than 70% of the U.S. bank assets. As for the rest of America, good luck.
Note: For more on government corruption, see the deeply revealing reports from reliable major media sources available here.
Doctors and psychologists working for the US military violated the ethical codes of their profession under instruction from the defence department and the CIA to become involved in the torture and degrading treatment of suspected terrorists, an investigation has concluded. The report of the Taskforce on Preserving Medical Professionalism in National Security Detention Centres concludes that after 9/11, health professionals working with the military and intelligence services "designed and participated in cruel, inhumane and degrading treatment and torture of detainees". The report lays blame primarily on the defence department (DoD) and the CIA, which required their healthcare staff to put aside any scruples in the interests of intelligence gathering and security practices that caused severe harm to detainees, from waterboarding to sleep deprivation and force-feeding. The two-year review by the 19-member taskforce, Ethics Abandoned: Medical Professionalism and Detainee Abuse in the War on Terror, supported by the Institute on Medicine as a Profession (IMAP) and the Open Society Foundations, says that the DoD termed those involved in interrogation "safety officers" rather than doctors. Doctors and nurses were required to participate in the force-feeding of prisoners on hunger strike, against the rules of the World Medical Association and the American Medical Association. Doctors and psychologists working for the DoD were required to breach patient confidentiality and share what they knew of the prisoner's physical and psychological condition with interrogators, and were used as interrogators themselves.
Note: For more on the realities of intelligence agency operations, see the deeply revealing reports from reliable major media sources available here.
Reporting the NSA story hasn't been easy, but it's always been fulfilling. It's what journalism at its crux is about, and we must protect that. I'm leaving the Guardian in order to work with Pierre Omidyar, Laura Poitras, Jeremy Scahill and soon-to-be-identified others on building a new media organization. Leaving the Guardian was not an easy choice, but this was a dream opportunity that was impossible to decline. The new site will be up and running reasonably soon. I'll also periodically post on my personal blog – here – with an active comment section, as well as on our pre-launch temporary blog. Reporting the NSA story has never been easy, but it's always been invigorating and fulfilling. It's exactly why one goes into journalism and, in my view, is what journalism at its crux is about. I really urge everyone to take note of, and stand against, [the] sustained and unprecedented attack on press freedoms and the news gathering process in the US. That same menacing climate is now manifest in the UK as well. There are extremist though influential factions in both countries which want to criminalize not only whistleblowing but the act of journalism itself. I'm not leaving because of those threats – if anything, they make me want to stay and continue to publish here – but I do believe it's urgent that everyone who believes in basic press freedoms unite against this. Allowing journalism to be criminalized is in nobody's interest other than the states which are trying to achieve that.
Note: For confirmation of Glenn Greenwald's warnings of immediate government threats to press freedom in the UK, click here.
"The Hustle." That's the name of a program run by Countrywide, the slimy subprime lender purchased by Bank of America in 2008. Under the program, Countrywide brokers were paid bonuses to originate loans, firing them off to borrowers with less than stellar credit in an attempt to gin up quick profits. The loans were then sold to government-backed mortgage giants Fannie Mae and Freddie Mac, where they often went sour. This sounds like a fairly typical tale from the financial crisis: Most of the nation's largest banks have, in one way or another, been accused of formulating sloppy loans and dumping them off on the taxpayer or of selling toxic mortgage securities to unwitting customers. But there's a new twist to the old story: Yesterday, a jury found Bank of America guilty of fraud, the first time that a major U.S. bank has been held responsible by a U.S. court for actions tied to the financial crisis. The jury also held a former Countrywide manager liable for fraud. That we're still wondering whether the banks will face any consequences for their actions more than five years after the financial crisis began in earnest is a pretty damning indictment of the Obama administration's approach to the matter. Can lawmakers summon the will to actually take on Wall Street or are a few good headlines from DOJ all we can hope for? The Dodd-Frank financial reform law was a good opening effort and, despite its imperfections, will make some difference in reining Wall Street. But there is still a lot that the law either left unaddressed or up to the interpretation of regulators who are bombarded by missives from Wall Street lobbyists.
Note: For more on the collusion of big banks and banking regulators, see the deeply revealing reports from reliable major media sources available here.
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