Government Corruption News Articles

Excerpts of key news articles on

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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.

The country's worst-ever terrorist atrocity during London's morning rush hour on July 7, 2005, shattered for ever the heady euphoria in which the capital was basking the morning after winning the bid for the 2012 Olympics. That afternoon, Tony Blair - who was hosting the G8 summit on global poverty in Gleneagles, Scotland - returned to Downing Street to pronounce that the attack was an act in the 'name of Islam'. Later, at a meeting of the Government's national emergency committee COBRA, London's anti-terror police chief Andy Hayman told senior ministers that he suspected suicide bombers. And so the story of 7/7 that we have come to accept was pieced together: four British Muslims ... blew themselves up using home-made explosives, killing 56 and injuring 700 on three Tube trains and a double-decker bus. But families of the dead victims and an increasing number of 7/7 survivors claim there are inconsistencies and basic mistakes in the official accounts that need explanation. And they are demanding a full public inquiry to answer key questions about what the Intelligence Services and the police did and did not know before the bombings. Meanwhile, the Government's determined refusal to meet their demands is having a very dangerous side-effect - fuelling myriad conspiracy theories about 7/7. Books, blogs and several video documentaries point to oddities in the official accounts. [Some] of them suggest that the attacks were not the work of Muslim terrorists at all, but were carried out by the Government to boost support for the Iraq war. The survivors are so intent on an independent inquiry that they are now taking legal action in the High Court.

Note: The evidence laid out in this article of government complicity is quite strong. For revealing reports from reliable sources on the unexplained circumstances surrounding the London Bombings on 7/7/05, click here.

Just in time for the 40th anniversary of the first moon landing, NASA may have found the long-lost original Apollo 11 videotapes. Back on July 20, 1969, the raw video feed from the moon was beamed to the Parkes Observatory radio telescope in southeastern Australia, and then compressed and sent to Mission Control in Houston. Because of technical issues, NASA's images couldn't be fed directly to the TV networks. Instead, the grayish, blotchy images Americans saw on their TV sets were the result of a regular TV camera pointed at the huge wall monitor in Houston – a copy of a copy, in effect. Those images survive, and anyone can see them on YouTube. But the original, sharp, black-and-white tapes that were recorded at Parkes vanished. NASA had thought they'd been shipped to the Goddard Space Flight Center in Greenbelt, Md., But a search there a couple of years ago turned up nothing. Around the same time, though, a cache of tapes containing data from moon-surface experiments from the entire Apollo program was discovered in a university basement in Perth, Western Australia, on the other side of the country from Parkes. According to the Sunday Express, NASA has combed through those tapes and found the original Apollo 11 video footage. "We're talking about the same tapes," an unnamed NASA spokesman told the newspaper, though he added that "at this point, I'm not prepared to discuss what has or has not been found."

Note: Isn't it amazing that NASA could lose these invaluable tapes? There are many strange questions surrounding this issue.

The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. The Fed "engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," Representative Darrell Issa said in a statement released to Reuters. Bernanke has in the past denied any inappropriate pressure on Bank of America. Fed spokeswoman Michelle Smith on Wednesday referred to a letter Bernanke sent Representative Dennis Kucinich on April 30 and later testimony in which he offered an "unconditional assertion" that he did not ask Bank of America CEO Ken Lewis to withhold information regarding Merrill. The Democrat who heads the committee, Edolphus Towns of New York, has called Bernanke to testify on Thursday. Former U.S. Treasury Secretary Henry Paulson has also been called to testify before Congress next month about the Bank of America-Merrill Lynch transaction. After rescuing Bank of America in January, U.S. regulators tightened their grip on the bank with a secret agreement that contributed to the ongoing shakeup of its directors and executives, the Wall Street Journal said, citing people familiar with the matter. The paper, citing internal documents, added that Federal Deposit Insurance Corp. Chairman Sheila Bair wrote to Bernanke before the aid to the bank was unveiled to express the FDIC's "discomfort" with the deal..

Note: For a treasure trove on the hidden realities of the governmental bailout of Wall Street, click here.

The National Security Agency is facing renewed scrutiny over the extent of its domestic surveillance program, with critics in Congress saying its recent intercepts of the private telephone calls and e-mail messages of Americans are broader than previously acknowledged, current and former officials said. Since April, when it was disclosed that the intercepts of some private communications of Americans went beyond legal limits in late 2008 and early 2009, several Congressional committees have been investigating. Those inquiries have led to concerns in Congress about the agency’s ability to collect and read domestic e-mail messages of Americans on a widespread basis, officials said. Supporting that conclusion is the account of a former N.S.A. analyst who, in a series of interviews, described being trained in 2005 for a program in which the agency routinely examined large volumes of Americans’ e-mail messages without court warrants. Two intelligence officials confirmed that the program was still in operation. Both the former analyst’s account and the rising concern among some members of Congress about the N.S.A.’s recent operation are raising fresh questions about the spy agency. Representative Rush Holt, Democrat of New Jersey and chairman of the House Select Intelligence Oversight Panel, has been investigating the incidents and said he had become increasingly troubled by the agency’s handling of domestic communications. In an interview, Mr. Holt disputed assertions by Justice Department and national security officials that the overcollection was inadvertent. “Some actions are so flagrant that they can’t be accidental,” Mr. Holt said.

Note: For lots more from major media sources on the ever-increasing government and coroporate threats to privacy, click here.

Schoolchildren could be first in line for swine flu vaccine this fall — and schools are being put on notice that they might even be turned into shot clinics. Health and Human Services Secretary Kathleen Sebelius said Tuesday she is urging school superintendents around the country to spend the summer preparing for that possibility, if the government goes ahead with mass vaccinations. "If you think about vaccinating kids, schools are the logical place," Sebelius told The Associated Press. No decision has been made yet on whether and how to vaccinate millions of Americans against the new flu strain that the World Health Organization last week formally dubbed a pandemic, meaning it now is circulating the globe unchecked. But the U.S. is pouring money into development of a vaccine in anticipation of giving at least some people the shots. While swine flu doesn't yet seem any more lethal than the regular flu that each winter kills 36,000 people in the U.S. alone, scientists fear it may morph into a more dangerous type. Even in its current form, the WHO says about half of the more than 160 people worldwide killed by swine flu so far were previously young and healthy. If that trend continues, "the target may be school-age children as a first priority" for vaccination, Sebelius said Tuesday. "That's being watched carefully." The last mass vaccination against a different swine flu, in the U.S. in 1976, was marred by reports of a paralyzing side effect — for a feared outbreak that never happened. The secretary said: "The worst of all worlds is to have the vaccine cause more damage than the flu potential."

Note: This article admits "swine flu doesn't yet seem any more lethal than the regular flu that each winter kills 36,000 people in the U.S. alone." Be very cautious around any vaccination campaign. Vaccines are extremely poorly regulated and known to fill the wallets of rich politicians invested in them. For lots more reliable, verifiable information on this, click here.

The federal government mistakenly made public a 266-page report, its pages marked “highly confidential,” that gives detailed information about hundreds of the nation’s civilian nuclear sites and programs, including maps showing the precise locations of stockpiles of fuel for nuclear weapons. The publication of the document was revealed Monday in an online newsletter devoted to issues of federal secrecy. It ... prompted a flurry of investigations in Washington into why the document had been made public. On Tuesday evening, after inquiries from The New York Times, the document was withdrawn from a Government Printing Office Web site. The information, considered confidential but not classified, was assembled for transmission later this year to the International Atomic Energy Agency as part of a process by which the United States is opening itself up to stricter inspections in hopes that foreign countries, especially Iran and others believed to be clandestinely developing nuclear arms, will do likewise. President Obama sent the document to Congress on May 5 for Congressional review and possible revision, and the Government Printing Office subsequently posted the draft declaration on its Web site. Steven Aftergood, a security expert at the Federation of American Scientists in Washington, revealed the existence of the document on Monday in Secrecy News, an electronic newsletter he publishes on the Web. Mr. Aftergood expressed bafflement at its disclosure, calling it “a one-stop shop for information on U.S. nuclear programs.” The report lists many particulars about nuclear programs and facilities at the nation’s three nuclear weapons laboratories — Los Alamos, Livermore and Sandia — as well as dozens of other federal and private nuclear sites.

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

For years, the Food and Drug Administration has withheld information about drugs and medical devices from the public when their makers cite trade secrecy — even in cases where the agency suspects that the products are causing serious illness or death. Now the new leadership at the F.D.A. may change that. The Obama administration ... is setting up a task force within the agency to recommend ways to reveal more information about F.D.A. decisions, possibly including the disclosure of now secret data about drugs and devices under study. The goal is to open up a system in which the agency failed to inform the public that a widely prescribed heartburn drug was especially toxic to babies; that a diabetes medicine and a painkiller increased heart attack risks; and that antidepressants increased suicidal thoughts and behavior in children and teenagers. “Many people have been harmed over the last decade because the F.D.A. has treated clinical trial results of drugs and devices as trade secrets,” said Dr. Steven Nissen, a cardiologist at the Cleveland Clinic who has campaigned for the release of such information. In 2007, Dr. Nissen published a study showing that Avandia, a popular diabetes medicine made by GlaxoSmithKline, increased the risk of heart attack by 42 percent. The data Dr. Nissen used was made public because of a lawsuit, but the agency had known of the possible risk for nearly two years. Repeated scandals led the Bush administration in 2005 to promise to make public its product safety investigations more quickly, but it did not recommend changing the laws and regulations that govern the release of trade secrets and agency records.

Note: For a powerful summary of corrupt practices by government and corporations in the pharmaceutical industry, click here.

Cities in the United States got safer in 2008, while small towns grew more dangerous, according to FBI data. The FBI says violent crime nationwide dropped by 2.5 percent last year. Property crimes also fell, by 1.6 percent, according to the preliminary data collected by the FBI. Cities with more than 1 million people saw murders fall by 4.3 percent; cities with 500,000 to 1 million people saw murders fall by nearly 8 percent. Yet in towns with fewer than 10,000 residents, murders rose 5.5 percent, rape increased 1.4 percent, and robbery 3.9 percent. The latest data shows violent crime fell for a second straight year, after increases in 2006 and 2005. Those two years, the crime rate began to rise after historic lows that began during the Clinton administration and continued into President George W. Bush's first years in the White House. Nationwide, murder and manslaughter dropped 4.4 percent in 2008. Aggravated assault declined 3.2 percent, forcible rape decreased 2.2 percent, and robbery dropped 1.1 percent. The country also saw a huge drop in car thefts -- more than 13 percent. The western region of the country saw the biggest declines, with a 4.2 percent drop in property crime and a 3.4 percent drop in violent crime. The Northeast saw a slight increase in property crime, which rose by 1.6 percent.

Note: You might not know that violent crime rates in the U.S. dropped over 50% between 1994 and 2005, and continue to be low now. Check out the U.S. Department of Justice reports on this by clicking here and here. Why weren't these figures mentioned in this article? And why doesn't good news like this get more coverage? Yet at the same time, imprisonment rates have climbed rapidly. What's up with that?

The Pentagon plans to create a new military command for cyberspace ... stepping up preparations by the armed forces to conduct both offensive and defensive computer warfare. White House officials say Mr. Obama has not yet been formally presented with the Pentagon plan. But he is expected to sign a classified order in coming weeks that will create the military cybercommand, officials said. It is a recognition that the United States already has a growing number of computer weapons in its arsenal and must prepare strategies for their use — as a deterrent or alongside conventional weapons — in a wide variety of possible future conflicts. [A] main dispute has been over whether the Pentagon or the National Security Agency should take the lead in preparing for and fighting cyberbattles. Under one proposal still being debated, parts of the N.S.A. would be integrated into the military command so they could operate jointly. A classified set of presidential directives is expected to lay out the military’s new responsibilities and how it coordinates its mission with that of the N.S.A., where most of the expertise on digital warfare resides today. The decision to create a cybercommand is a major step beyond the actions taken by the Bush administration, which authorized several computer-based attacks but never resolved the question of how the government would prepare for a new era of warfare fought over digital networks. Officials declined to describe potential offensive operations, but said they now viewed cyberspace as comparable to more traditional battlefields.

Note: Combine this with the BBC's revealing article on US plans to fight the Internet, and there is reason for concern. For lots more on new developments in modern war planning, click here.

Kim Stephens: He’s an architect experienced in steel structures. Now Richard Gage is touring the country with a controversial message about September 11. Kopi Sotiropulos: Richard Gage is here to show us why he’s calling for a more thorough investigation into the collapse of the World Trade Center buildings. First of all give us a little bit more about your background. Gage: I’m an architect of twenty years, a member of the American Institute of Architects, and have been studying steel frame fire proof buildings for about that long. Kim Stephens: We ask that for clarification because as we get into this, we want people to make sure that you’re not just somebody with a wacky idea. You come with some science to you. What is the official reason for the collapse of the World Trade Center towers? Gage: Well we’re told that the planes hit the buildings, and there was an explosion and a fire, and about a hour and a half later, in the case of the north tower, the buildings collapsed due to structural weakening, due to the fires. The problem is that we don’t have large gradual deformations associated with collapses. And fires in high rises have never brought down a steel frame high rise building at all, ever. And what we have, unfortunately, is the evidence in the twin towers and the third skyscraper to collapse that day, which most people don’t know anything about it. We have the evidence of the ten key features of controlled demolition. In the case of building seven, it collapses straight down into its own footprint, at free fall speed, in the first hundred feet. It’s dropping, as you can see symmetrically, smoothly, at free fall speed, in the first hundred feet. Two and a half seconds. This is uncanny, there’s forty thousand tons of structural steel designed to resist this collapse.

Note: The above text is taken from the KMPH interview available here. Richard Gage, AIA, is the founder of Architects and Engineers for 9/11 Truth. Remarkably, this interview, though short, was respectful and evenhanded. No ridicule, no debunking, no "conspiracy theory" dismissals! To watch a 7-minute video of the interview, click on the link above. To read a transcript of the interview, click here. For an astonishing comment on PBS by the owner of the building's decision to "pull" the building, click here.

Stopping driver's license fraud is no laughing matter: Four states are ordering people to wipe the grins off their faces in their license photos. "Neutral facial expressions" are required at departments of motor vehicles (DMVs) in Arkansas, Indiana, Nevada and Virginia. That means you can't smile, or smile very much. Other states may follow. The serious poses are urged by DMVs that have installed high-tech software that compares a new license photo with others that have already been shot. When a new photo seems to match an existing one, the software sends alarms that someone may be trying to assume another driver's identity. But there's a wrinkle in the technology: a person's grin. Face-recognition software can fail to match two photos of the same person if facial expressions differ in each photo, says Carnegie Mellon University robotics professor Takeo Kanade. Dull expressions "make the comparison process more accurate," says Karen Chappell, deputy commissioner of the Virginia DMV, whose no-smile policy took effect in March. Arkansas, Indiana and Nevada allow slight smiles. "You just can't grin really large," Arkansas driver services chief Tonie Shields says. A total of 31 states do computerized matching of driver's license photos and three others are considering it, says the American Association of Motor Vehicle Administrators. Most say their software matches faces regardless of expressions. "People can smile here in Pennsylvania," state Transportation Department spokesman Craig Yetter says.

Note: For incisive commentary and a heart-warming video addressing this very topic, click here.

One of the newest energy lobbyists claims he has the answer to climate change: spaceships. The government has in its possession "extraterrestrial vehicles," lobbyist Stephen Bassett said. As in flying saucers. Imagine the power source, he said, behind a 30-foot wide saucer that weighs the same as a tractor-trailer yet hurtles through galaxies at 20,000 miles per hour. "What is the energy system operating that craft?" Bassett said. "They're not burning kerosene." Bassett ... is working for free as a lobbyist, representing the Hawaii-based Exopolitics Institute, an educational organization which describes itself as "dedicated to studying the key actors, institutions and political processes associated with extraterrestrial life." Bassett said he is less lobbyist and more political activist. "The UFO phenomenon is real," Bassett said. "The E.T. extraterrestrial presence is real." Bassett's been lobbying about seven months, targeting the science and technology, and defense and aviation angles. He added energy to his portfolio in a Senate filing last week. He has spoken to lawmakers in the past, Bassett said, but he's writing off lobbying Congress for now, calling the extraterrestrial issue "the third rail" of politics. Besides, he and other believers have a bigger name on their list. "Knowing that Congress could not act," Bassett said, "what we did was focus on the executive branch, the White House." Those who believe the truth is out there have been waiting for someone like President Obama to come clean about the government hiding information on extraterrestrials, Bassett said.

Note: What's highly unusual about this article is that there is not a note of ridicule. This may be a first for a UFO article in the New York Times. For lots more eye-opening, reliable information on this topic, including a Times article in which a former CIA chief describes a UFO cover-up, click here and here.

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

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

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

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

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

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

The National Security Agency intercepted private e-mail messages and phone calls of Americans in recent months on a scale that went beyond the broad legal limits established by Congress last year, government officials said in recent interviews. Several intelligence officials, as well as lawyers briefed about the matter, said the N.S.A. had been engaged in “overcollection” of domestic communications of Americans. They described the practice as significant and systemic. The legal and operational problems surrounding the N.S.A.’s surveillance activities have come under scrutiny from the Obama administration, Congressional intelligence committees and a secret national security court. Congressional investigators say they hope to determine if any violations of Americans’ privacy occurred. It is not clear to what extent the agency may have actively listened in on conversations or read e-mail messages of Americans without proper court authority, rather than simply obtained access to them. While the N.S.A.’s operations in recent months have come under examination, new details are also emerging about earlier domestic-surveillance activities, including the agency’s attempt to wiretap a member of Congress, without court approval, on an overseas trip. After a contentious three-year debate that was set off by the disclosure in 2005 of the program of wiretapping without warrants that President George W. Bush approved after the Sept. 11 attacks, Congress gave the N.S.A. broad new authority to collect, without court-approved warrants, vast streams of international phone and e-mail traffic as it passed through American telecommunications gateways.

Note: For further disturbing reports from reliable sources on government efforts to establish total surveillance systems, click here.

Medical personnel were deeply involved in the abusive interrogation of terrorist suspects held overseas by the Central Intelligence Agency, including torture, and their participation was a “gross breach of medical ethics,” a long-secret report by the International Committee of the Red Cross concluded. Based on statements by 14 prisoners who belonged to Al Qaeda and were moved to Guantánamo Bay, Cuba, in late 2006, Red Cross investigators concluded that medical professionals working for the C.I.A. monitored prisoners undergoing waterboarding, apparently to make sure they did not drown. Medical workers were also present when guards confined prisoners in small boxes, shackled their arms to the ceiling, kept them in frigid cells and slammed them repeatedly into walls, the report said. Facilitating such practices, which the Red Cross described as torture, was a violation of medical ethics even if the medical workers’ intentions had been to prevent death or permanent injury, the report said. But it found that the medical professionals’ role was primarily to support the interrogators, not to protect the prisoners, and that the professionals had “condoned and participated in ill treatment.” At times, according to the detainees’ accounts, medical workers “gave instructions to interrogators to continue, to adjust or to stop particular methods.” The Red Cross report was completed in 2007. It was obtained by Mark Danner, a journalist who has written extensively about torture, and posted Monday night with an article by Mr. Danner on the Web site of The New York Review of Books.

Note: Much of content of the Red Cross report was revealed in a March article by Mr. Danner and in a 2008 book, The Dark Side, by Jane Mayer, but the reporting of the Red Cross investigators’ conclusions on medical ethics and other issues are new.

BILL MOYERS: For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that "The Best Way to Rob a Bank Is to Own One." In fact, the man you're about to meet wrote a book with just that title. Bill Black, ... what's your definition of fraud? WILLIAM K. BLACK: Fraud is deceit. And the essence of fraud is, "I create trust in you, and then I betray that trust, and get you to give me something of value." And as a result, there's no more effective acid against trust than fraud, especially fraud by top elites, and that's what we have. Well, The way that you do it is to make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road. BILL MOYERS: So you're ... saying that CEOs of some of these banks and mortgage firms in order to increase their own personal income, deliberately set out to make bad loans? WILLIAM K. BLACK: Yes. BILL MOYERS: If I wanted to go looking for the parties to this, with a good bird dog, where would you send me? WILLIAM K. BLACK: Well, that's exactly what hasn't happened. We haven't looked, all right? You'd look at the specialty lenders. The lenders that did almost all of their work in the sub-prime and what's called Alt-A, liars' loans.

Note: William K. Black is the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. He is now an Associate Professor of Economics and Law at the University of Missouri. The video of this fascinating interview is available here. For a powerfully revealing archive of reports from reliable sources on the hidden realities of the financial bailout, click here.

America's criminal justice system has deteriorated to the point that it is a national disgrace. Its irregularities and inequities cut against the notion that we are a society founded on fundamental fairness. Our failure to address this problem has caused the nation's prisons to burst their seams with massive overcrowding, even as our neighborhoods have become more dangerous. We are wasting billions of dollars and diminishing millions of lives. We need to fix the system. Doing so will require a major nationwide recalculation of who goes to prison and for how long and of how we address the long-term consequences of incarceration. The United States has by far the world's highest incarceration rate. With 5% of the world's population, our country now houses nearly 25% of the world's reported prisoners. We currently incarcerate 756 inmates per 100,000 residents, a rate nearly five times the average worldwide of 158 for every 100,000. All told, about one in every 31 adults in the United States is in prison, in jail, or on supervised release. This all comes at a very high price to taxpayers: Local, state, and federal spending on corrections adds up to about $68 billion a year. Our overcrowded, ill-managed prison systems are places of violence, physical abuse, and hate, making them breeding grounds that perpetuate and magnify the same types of behavior we purport to fear. Post-incarceration re-entry programs are haphazard or, in some places, nonexistent, making it more difficult for former offenders who wish to overcome the stigma of having done prison time and become full, contributing members of society.

Note: The author of this analysis, Senator Jim Webb (D. Va.), is a PARADE Contributing Editor and the author of nine books, including A Time to Fight.

Public pension funds across the U.S. are hiding the size of a crisis that’s been looming for years. Retirement plans play accounting games with numbers, giving the illusion that the funds are healthy. The paper alchemy gives governors and legislators the easy choice to contribute too little or nothing to the funds, year after year. The misleading numbers posted by retirement fund administrators help mask this reality: Public pensions in the U.S. had total liabilities of $2.9 trillion as of Dec. 16, according to the Center for Retirement Research at Boston College. Their total assets are about 30 percent less than that, at $2 trillion. With stock market losses this year, public pensions in the U.S. are now underfunded by more than $1 trillion. That lack of funds explains why dozens of retirement plans in the U.S. have issued more than $50 billion in pension obligation bonds during the past 25 years -- more than half of them since 1997 -- public records show. The quick fix for pension funds becomes a future albatross for taxpayers. The public gets nothing from pension bonds -- other than a chance to at least temporarily avoid paying for higher pension fund contributions. Pension bonds portend the possibility of steep tax increases. By law, states must guarantee public pension fund debts. “What appears to be a riskless strategy is actually very risky,” says David Zion, director of accounting research for New York-based Credit Suisse Holdings USA Inc. “If the returns on the pension bond-financed assets don’t exceed the cost of servicing the debt, the taxpayers bear the brunt.”

Note: The risks to pension funds may require yet another huge public bailout. Where will the money come from? For lots more on the realities of the Wall Street bailout, click here.

Important Note: Explore our full index to revealing excerpts of key 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.