Government Corruption News Stories

Excerpts of Key Government Corruption News Stories in Major Media

Below are key excerpts of revealing news articles on government corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

The Environmental Protection Agency is shifting course. Some former EPA officials ... say the agency is skipping vital steps that protect the public from hazardous chemicals that consumers have never used before, undermining new laws and regulations that Congress passed with overwhelming bipartisan support in 2016. In recent months, the EPA has quietly overhauled its process for determining whether new chemicals - used in everything from household cleaners and industrial manufacturing to children’s toys - pose a serious risk to human health or the environment. The agency will no longer require that manufacturers who want to produce new, potentially hazardous chemicals sign legal agreements that restrict their use under certain conditions. Such agreements, known as consent orders, will still be required if the EPA believes that the manufacturer’s intended use for a new chemical poses a risk to the public health and the environment. But the agency won’t require consent orders when it believes there are risks associated with “reasonably foreseen” uses of the new chemical. Instead the EPA will rely on a broader measure, known as significant new-use rules, to regulate chemicals. Under EPA administrator Scott Pruitt’s leadership, the agency has taken major industry-friendly steps to loosen its regulation of legacy chemicals. Last year, the EPA delayed bans on chemicals already in widespread use, including a lethal substance in paint strippers and a pesticide linked to developmental disabilities in children.

Note: Hundreds of people have left or been forced out of the Environmental Protection Agency since the current administration took office. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the scientific community.

President Donald Trump just dealt his biggest blow to the renewable energy industry yet. On Monday, Trump approved duties of as much as 30% on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80% of its supply. The Solar Energy Industries Association has projected 23,000 job losses this year in a sector that employed 260,000. The tariffs are just the latest action Trump has taken that undermine the economics of renewable energy. The administration has already decided to pull the U.S. out of the international Paris climate agreement, rolled back Obama-era regulations on power plant-emissions and passed sweeping tax reforms that constrained financing for solar and wind. The import taxes, however, will prove to be the most targeted strike on the industry yet and may have larger consequences for the energy world. Trump approved four years of tariffs that start at 30% in the first year and gradually drop to 15%. The first 2.5 gigawatts of imported solar cells are exempt for each year, the president said in an emailed statement. China and neighbors including South Korea may opt to challenge the decision at the World Trade Organization - which has rebuffed prior U.S.-imposed tariffs that appeared before it. Lewis Leibowitz, a Washington-based trade lawyer, expects the matter will wind up with the WTO. The Solar Energy Industries Association warned the tariffs will delay or kill billions of dollars of solar investments.

Note: The solar power industry now employs more US workers than coal, oil and natural gas combined. Elites like the Rockefellers have stopped investing in fossil fuels, while utility executives have been waging a "determined campaign" to try to stop Americans from installing rooftop solar panels. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

A four-page memo circulating in Congress that reveals alleged United States government surveillance abuses is being described by lawmakers as “shocking.” The lawmakers said they could not yet discuss the contents of the memo they reviewed on Thursday after it was released to members by the House Intelligence Committee. But they say the memo should be immediately made public. “It is so alarming the American people have to see this,” Ohio Rep. Jim Jordan said. “It's troubling,” North Carolina Rep. Mark Meadows said. “Part of me wishes that I didn't read it because I don’t want to believe that those kinds of things could be happening in this country that I call home and love so much.” The House Intelligence Committee on Thursday approved a motion by New York Rep. Pete King to release the memo on abuses of FISA, or the Foreign Intelligence Surveillance Act, to all House members. The memo details the Intelligence Committee’s oversight work for the FBI and Justice, including the controversy over unmasking and FISA surveillance. The process for releasing it to the public involves a committee vote. If approved, it could be released as long as there are no objections from the White House within five days. On Thursday, the Senate voted 65-34 to reauthorize a FISA provision that allows U.S. spy agencies to conduct surveillance on foreign targets abroad for six years.

Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.

U.S. and allied strikes against the Islamic State may have killed as many as 6,000 civilians in 2017. Airwars, which investigates allegations of civilian casualties by using social media and other information sources, said that between 3,923 and 6,102 noncombatants were “likely killed” in air and artillery strikes by the United States and its partners in 2017. The estimate for Iraq and Syria was more than triple that of the year before. While the Airwars data includes strikes by the United States and partner nations including Britain and France, most of the military activity has been conducted by American forces. The group’s estimate is vastly higher than the figure put forward by U.S. Central Command, which conducts its own investigations of selected U.S. strikes. According to its most recent public report, Centcom has determined that at least 817 civilians have been killed since the air campaign began in 2014.

Note: For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.

In its first year, the Trump administration has amassed a dismal record on science and science advice. Now a new report, Abandoning Science Advice: One Year In, the Trump Administration Is Sidelining Science Advisory Committees ... suggests the problem is even worse than previously recognized. Science advisory committees at the Department of Energy (DOE), the Department of Interior, and the Environmental Protection Agency (EPA) have met less often in 2017 than at any time since 1997, when the government began collecting such data. At the DOE, the EPA, and the Department of Commerce, fewer experts serve on science advisory committees than at any time since 1997. As the report notes, the government’s system of some 1,000 federal advisory committees plays an important role in alerting federal officials to the policy implications of the latest scientific research, often with major consequences for Americans’ health and safety. The Environmental Protection Agency’s Science Advisory Board has been hit by Administrator Scott Pruitt’s directive to purge EPA-funded scientists from its ranks, replacing many of them with industry representatives. Not only that, but since announcing the change to the roster in November, the SAB has held no meetings. The absence of SAB feedback means that there is no scientific peer review on Pruitt’s decisions to roll back protections like emissions standards and improvements to chemical facility accidental release plans.

Note: Hundreds of people have left or been forced out of the Environmental Protection Agency since the current administration took office. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the scientific community.

A year ago today, President Donald Trump’s newly sworn–in national security adviser, Michael Flynn, met privately in his West Wing office with FBI investigators interested in his communications with Russia's ambassador, without a lawyer or the knowledge of the president and other top White House officials. Flynn's FBI interview on Jan. 24, 2017, set in motion an extraordinary sequence of events. Flynn was fired as national security adviser after 24 days on the job, the acting attorney general was fired 10 days after the president took office, the FBI director was allegedly pressured by the president to let go of an investigation into Flynn, and then eventually fired himself. The attorney general recused himself from a federal investigation into Russia's meddling in the 2016 U.S. election and possible collusion with the sitting president's campaign, and a special counsel was appointed. The developments ensnared the president in an obstruction of justice inquiry. By the end of 2017, special counsel Robert Mueller’s team had spoken with Director of National Intelligence Dan Coats; Mike Rogers, the director of the National Security Agency; former FBI Director James Comey; and numerous members of Trump’s campaign and White House inner circle. Flynn pleaded guilty last month to lying to the FBI. For Trump opponents, his war with the FBI is an effort to undermine the Russia investigation. For Trump and his allies, he’s battling a conspiracy within the top ranks of the Justice Department to undermine his presidency.

Note: For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

A former contractor for a UK-based public relations firm says that the Pentagon paid more than half a billion dollars for the production and dissemination of fake Al-Qaeda videos that portrayed the insurgent group in a negative light. The PR firm, Bell Pottinger, worked alongside top US military officials at Camp Victory in Baghdad at the height of the Iraq War. The agency was tasked with crafting TV segments in the style of unbiased Arabic news reports, videos of Al-Qaeda bombings that appeared to be filmed by insurgents, and anti-insurgent commercials. Those who watched the videos could be tracked by US forces. Bell Pottinger ... could have earned as much as $120m from the US in 2006. Former video editor Martin Wells, who worked on the IOTF contract with Bell Pottinger, said they were given very specific instructions on how to produce the fake Al-Qaeda propaganda films. US Marines would then take CDs containing the videos while on patrol, then plant them at sites during raids. “If they’re raiding a house and they’re going to make a mess of it looking for stuff anyway, they’d just drop an odd CD there,” he said. The CDs were encoded to open the videos on RealPlayer software that connects to the Internet when it runs. It would issue an IP address that could then be tracked by US intelligence. The programmes produced by Bell Pottinger would move up the chain of command ... and could sometimes go as high up as the White House for approval.

Note: Read more about the fake "Al Qaeda" videos produced and distributed for the Pentagon. For more along these lines, see concise summaries of deeply revealing news articles on military corruption and the manipulation of public perception.

She was driving in a park with two male friends when a pair of plainclothes New York City police detectives drove up in an unmarked van. The officers, from the Brooklyn South precinct ... arrested her, put her in the back of the van in handcuffs and ordered her friends not to follow. According to prosecutors, the detectives proceeded to force the 18-year-old woman to perform oral sex on one of them, who then raped her. The 50-count indictment also alleges that the officers, who are facing charges of rape, kidnapping and official misconduct, threatened her with criminal charges if she didn’t cooperate. This young woman’s experience ... is representative of national patterns of sexual violence by officers during traffic stops and handling of minor offenses, drug arrests and police interactions with teenagers. Research on “police sexual misconduct” ... overwhelmingly concludes that it is a systemic problem. A 2015 investigation ... concluded that an officer is accused of an act of sexual misconduct at least every five days. The vast majority of incidents ... involve motorists, young people in job-shadowing programs, students, victims of violence and informants. In more than 60 percent of the cases reviewed, an officer was convicted of a crime or faced other consequences. [Another] study, funded by the National Institute of Justice ... found that half of arrests for sexual misconduct were for incidents involving minors. Sexual misconduct is the second-most-frequently reported form of police misconduct, after excessive force.

Note: A yearlong Associated Press investigation found that the "broken system which lets problem officers jump from job to job" fosters and abets sexual abuse. For more along these lines, see concise summaries of deeply revealing police corruption news articles from reliable major media sources.

Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015. The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to U.S. agencies that went unanswered, coincided with the Office of Inspector General, at one point, disabling the links to all key documents showing the unsupported spending. Now, the Department of Defense has announced it will conduct the first department-wide, independent financial audit in its history. The Defense Department did not say specifically what led to the audit. But the announcement came four days after Skidmore discussed his team’s findings on USAWatchdog, a news outlet run by former CNN and ABC News correspondent Greg Hunter. Skidmore got involved last spring when he heard Catherine Austin Fitts, former assistant secretary of Housing and Urban Development, refer to a report which indicated the Army had $6.5 trillion in unsupported adjustments, or spending, in fiscal 2015. Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending. Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.”

Note: Explore this webpage for additional background on this story. See also a detailed analysis of these missing trillions, which amount to $65,000 per man, woman, and child in the US. And don't miss this highly revealing interview with Prof. Mark Skidmore of Michigan State with even more startling news. Why isn't the major media reporting this huge news?

Two New York Times reporters learned in 2004 that the George W. Bush administration was secretly wiretapping Americans, and collecting their phone and email records. The reporters’ attempt to publish their findings were thwarted by the administration’s intense and successful lobbying of their editors. That effort ... had an unlikely ally: Rep. Jane Harman of Los Angeles, the senior Democrat on the House Intelligence Committee. Details of the far-reaching, legally unauthorized surveillance program remained secret until the Times published the article in late 2005. The newspaper’s interactions with administration officials, and Harman’s role, were described by former Times reporter James Risen this month in the Intercept, the investigative publication where he now works. The story on the program known as Stellar Wind was ready for publication before the November 2004 election, when Bush was on the ballot, but NSA Director Michael Hayden and other administration officials told Times editors, in phone calls and face-to-face meetings, that publication would damage national security and endanger lives, Risen said. He said the officials were joined in that effort by Harman, one of a handful of congressional leaders who had been briefed on the program and were enlisted by the White House to contact the Times. Members of Congress learned later that the NSA had not been seeking warrants from a secret court, as required by law, before wiretapping calls.

Note: James Risen is a courageous hero who shared two Pulitzer Prizes for his reporting around 9/11 and massive government surveillance. His recent article in The Intercept describes how a "marketplace of secrets in Washington" supports the US national security apparatus, and is used by corrupt government officials to manipulate the news.

I was captured when I was in my 20s and brought to Guantanamo Bay in 2004, after more than two years in secret prisons. I have been imprisoned here without charges since then. I am now 43. Thirteen years ago, your country brought me here because of accusations about who I was. Confessions were beaten out of me in those secret prisons. I tried, but I am no longer trying to fight against those accusations from the past. What I am asking today is, how long is my punishment going to continue? Your president says there will be no more transfers from here. Am I going to die here? If I have committed crimes against the law, charge me. In 15 years, I have never been charged, and the worst things the government has said about me were extracted by force. The judge in my habeas case decided years ago that I had been subjected to physical and psychological abuse during my interrogations, and statements the government has wanted to use against me are not reliable. Even if I were cleared, it would not matter. There are men here who have been cleared for years who are sitting in prison next to me. Detainees here, all Muslim, have never had rights equal to other human beings. Even when we first won the right to challenge our detention, in the end, it became meaningless. It is hard for me to ... believe that laws will not be bent again to allow the government to win. But this week, I am joining a group of detainees here, all of us who have been held without charges for years, to try again to ask the courts for protection.

Note: The above was written by Sharqawi Al Hajj, a Yemeni citizen detained at Guantanamo Bay. For more along these lines, see the "10 Craziest Things in the Senate Report on Torture". For more, see concise summaries of deeply revealing news articles on corruption in government and in the intelligence community.

North Carolina officials say the third and final compensation payment to sterilization victims should be mailed soon, marking the end of a 15-year pursuit of financial help for them. A spokeswoman for the state Department of Administration tells the Winston-Salem Journal that officials are verifying the final number of qualified claimants and confirming addresses. Spokeswoman Gena Renfrow says payments will be prepared once that's done. About 7,600 people were sterilized under North Carolina's eugenics program before it ended in 1974. The N.C. Industrial Commission has certified more than 200 victims, who have received two previous payments of $20,000 and $15,000. The payments are being finalized nearly two months after a decision by the N.C. Court of Appeals rejecting arguments from the heirs of some victims about the law.

Note: North Carolina was one of 31 US states to run a eugenics program. An estimated 65,000 people were sterilized by these programs. Female prison inmates in California were sterilized without consent as recently as 2010. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

An Amish family in Pennsylvania must connect to its local municipal sewer system, even though it would require the use of an electric pump, which goes against the family's religious beliefs. A Jan. 5 opinion by a divided Pennsylvania Commonwealth Court finally ended the five-year legal battle. The court agreed with a lower court ruling that ordered the Yoder family to connect to the municipal sewer system. The Yoder family argued that use of electricity violates its religious convictions. The family has used an outhouse - an "old-fashioned privy" - that did not require running water or electricity. But Sugar Grove Township requires residents with properties that abut the sewer system to connect to it at the owners' cost. The ruling addressed whether the Yoders could connect to the system without use of an electric pump. The court ruled that that using an electric pump was ​the "least intrusive means" of connecting to the sewer system. In a dissenting opinion, Judge Patricia McCullough expressed concern with the ruling, saying there were other ways of disposing of sewage in a sanitary way that would not infringe upon the Yoder family's religious rights. That's a concern shared by Sara Rose, a senior staff attorney with the American Civil Liberties Union. "They didn't consider the other ways that the government could have achieved its ends," she said. She also said the decision unduly put the burden on the Yoders.

Note: For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.

The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers was granted to Deutsche Bank - which is owed at least $130 million by President Donald Trump ... and has also been fined for its role in a Russian money laundering scheme. The waivers were issued in a little-noticed announcement published in the Federal Register. Under laws designed to protect retirement savings, financial firms whose affiliates have been convicted of violating securities statutes are effectively barred from ... managing those savings. However, that punishment can be avoided if the firms manage to secure a special exemption from the U.S. Department of Labor. In late 2016, the Obama administration extended ... one-year waivers to five banks - Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank. Late last month, the Trump administration issued new, longer waivers for those same banks. Leading up to the new waiver for Deustche Bank, Trump’s financial relationship with the firm has prompted allegations of a conflict of interest. In 2016, the Wall Street Journal reported Trump and his companies have received at least $2.5 billion in loans from Deutsche Bank and co-lenders. In 2015, Deutsche Bank pled guilty in the U.S. to wire fraud for its role in the [LIBOR] scandal. Less than two years later ... Deutsche Bank agreed to a $7.2 billion settlement with the Justice Department for misleading investors.

Note: The megabanks again get away with huge manipulations resulting in financial losses for many millions, yet hardly any media focuses on how these banks hardly get a slap on the wrist for their huge criminal offenses. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.

Ecuador has granted citizenship to WikiLeaks founder Julian Assange, Ecuador's Foreign Minister Maria Fernanda Espinosa announced Thursday. She called the measure "one more ring of protection" for Assange, who has been holed up at the Ecuadorian Embassy in London since 2012 in an effort to avoid a Swedish arrest warrant. Sweden dropped the charges in May 2017, but Assange remains the subject of a UK arrest warrant. Assange ... has previously expressed concern that if he leaves the Ecuadorian embassy in London he could end up being extradited to the US, where he fears facing the death penalty over allegations of revealing government secrets through WikiLeaks. In December, the Ecuadorian government requested diplomatic status for Assange. But the UK rebuffed the request. Espinosa said Ecuador will continue to pursue a dialogue with the UK to eventually remove Assange from the embassy. "We will continue to protect Julian Assange while his physical and psychological integrity are at risk," Espinosa said. "We are a country that defends human rights and ... respects international law." A 2016 United Nations report concluded that the WikiLeaks founder had been arbitrarily detained by Sweden and the United Kingdom.

Note: Read more about the "legal limbo" and propaganda campaign carried out against Assange and Wikileaks. A 2016 United Nations panel found that authorities in Sweden and the UK have acted unlawfully with regard to Assange. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

Opposition parties in Honduras have attacked the failure of the US to denounce the controversial declaration of President Juan Orlando Hernández as winner of a widely disputed election. International observers with the Organization of American States say the vote was so discredited that it was impossible to declare a valid result. But the US State Department noted that an election court had ratified the result of the November 26 election. Honduras' Supreme Electoral Tribunal said Hernández won the election with 42.9% of the votes, edging his main challenger, Salvador Nasralla, who was declared second with 41.24%. The opposition accuses Hernandez of stuffing the court with supporters who helped him change the constitution to allow him to seek a second term. Hundreds of angry opposition supporters protested in the streets of the capital Tegucigalpa Monday following the announcement of the court's decision. The US has a large military base in Honduras, which has led to accusations that both the current and previous US administrations are turning a blind eye to political violence and corruption in the country. The Organization of American States raised a string of concerns about the election, [and] referred to "deliberate human intrusions in the computer system, intentional elimination of digital traces," and "pouches of votes open or lacking votes." The administration of Hernández has also been dogged by allegations of corruption and drug trafficking.

Note: Honduras was one of only eight countries which backed Trump's recognition of Jerusalem as capital of Israel. In 2017, leaked court documents raised concerns that the 2016 murder of an Honduran activist was "an extrajudicial killing planned by military intelligence specialists linked to the country’s US–trained special forces". For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources.

New York City ended the year with the fewest murders and the lowest crime figures in decades, the mayor and the NYPD said Friday. There were 290 murders in the nation's largest city in 2017, compared to 335 killings the previous year, said Mayor Bill de Blasio in a news conference. “No one believed it was possible to get under 300 murders,” de Blasio said. The murder rate is a far cry from 1990, when 2,245 people were killed in the city. The numbers of other crimes - shootings, robberies, burglaries and grand larcenies auto - also dropped, officials said. “To see crime levels as low as we have today, you’d have to go back to 1951, when the Dodgers played in Brooklyn and a slice was 15 cents,” de Blasio added. Overall, 2017 was the fourth straight year of declines in crime in New York City. According to NYPD records there were 96,517 crimes reported last year, compared with 102,052 in 2016, a drop of 5.4 percent.

Note: Major media consistently under-reports the remarkable drop in crime in the US. In 1990, there were nearly twice as many reported violent crimes as there were in 2016.

The Obama administration was demanding that I reveal the confidential sources I had relied on for a chapter about a botched CIA operation in my 2006 book, State of War. I had also written about the CIA operation for the New York Times, but the papers editors had suppressed the story at the governments request. It wasnt the only time they had done so. My case was part of a broader crackdown on reporters and whistleblowers that had begun during the presidency of George W. Bush and continued far more aggressively under the Obama administration, which had already prosecuted more leak cases than all previous administrations combined. I started covering the CIA in 1995. Success as a reporter on the CIA beat inevitably meant finding out government secrets, and that meant plunging headlong into the classified side of Washington, which had its own strange dynamics. I discovered that there was, in effect, a marketplace of secrets in Washington, in which White House officials and other current and former bureaucrats, contractors, members of Congress, their staffers, and journalists all traded information. This informal black market helped keep the national security apparatus running smoothly, limiting nasty surprises for all involved. The revelation that this secretive subculture existed, and that it allowed a reporter to glimpse the governments dark side, was jarring. It felt a bit like being in the Matrix.

Note: Article author James Risen is a courageous hero who shared two Pulitzer Prizes for his reporting around 9/11 and massive government surveillance. If you read the entire article at the link above, you will learn in detail how the New York Times and other media bow to government pressure and filter what information reaches the public. They also have a strong, but secretive agenda to support war and the military-industrial complex. You will also see how government keeps the media from reporting some of the most important stories.

Half-a-dozen 2017 releases of long-secret documents about the assassination of President John F. Kennedy have given plenty of new leads to those who don’t believe alleged gunman Lee Harvey Oswald acted alone. The 34,963 documents ... have fed the fire tended by researchers and others who believe there is much more to the story how a U.S. president was assassinated in Dallas 54 years ago. One particular document from the August release has created much buzz. It that shows that Earle Cabell, mayor of Dallas at the time of the Nov. 22, 1963, shooting, became a CIA asset in late 1956. Another revelatory JFK document released in full on Dec. 15 was the transcript of a 1978 interview by the House Select Committee on Assassinations with Orest Pena. According to Pena, a bar owner in New Orleans, Lee Harvey Oswald was a U.S. government agent or informant. How did he know? Because Pena himself was an informant. He had given details to the Warren Commission in July 1964 but, as the new document shows, later revealed much more detail about Warren de Brueys, an FBI agent in New Orleans to whom Pena said he reported. Oswald, he claimed, frequented a breakfast place regularly not only with de Brueys but with agents from U.S. Customs and Immigration. Pena believed Oswald had an office in the same government complex. Pena also testified to the House panel that de Brueys had threatened him if he shared with investigators details of their meetings and training of anti-Castro instigators.

Note: Watch an excellent five-minute segment of the History Channel's "Men Who Killed Kennedy," For more along these lines, see our excellent resource center filled with reliable information questions what really happened in the JFK assassination.

The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others, according to more than a dozen current and former senior Fed and Treasury officials. The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a “need to know” confidentiality exception in the Fed’s service contracts with foreign central banks. Some 250 foreign central banks and governments keep $3.3 trillion of their assets at the Federal Reserve Bank of New York, about half of the world’s official dollar reserves, using a service advertised in a 2015 slide presentation as “safe and confidential.” Other major central banks and some commercial banks offer similar services. But only the Fed offers direct access to U.S. debt markets and to the world’s reserve currency, the dollar. In all, the people interviewed by Reuters identified seven instances in the last 15 years in which the accounts gave U.S. authorities insights into the actions of foreign counterparts or market movements, at times leading to a specific U.S. response.

Note: It's quite telling that no other major media picked up this important piece. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the disappearance of privacy.

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.