Corporate Corruption News Articles

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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.

Sixty percent of US physicians serving as panel and task force members for the American Psychiatric Association's official manual of psychiatric disorders received payments from industry totalling $14.24m, finds a study published by The BMJ. Because of the enormous influence of diagnostic and treatment guidelines, the researchers say their findings "raise questions about the editorial independence of this diagnostic manual." Often referred to as the ‘bible' of psychiatric disorders, the Diagnostic and Statistical Manual of Mental Disorders, fifth edition, text revision (DSM-5-TR) is the latest edition of the guide that doctors use to diagnose and treat patients. It is thus critical that authors of this psychiatric taxonomy should be free of industry ties. But until the development of Open Payments ... it wasn't possible to determine the amount of monies received by authors of diagnostic and clinical practice guidelines. Their analysis included 92 physicians based in the US who served as members of either a panel (86) or task force (6) on the DSM-5-TR from 2016-19. Of these 92 individuals, 55 (60%) received payments from industry. Collectively, these panel members received a total of $14.24m (Ł11.21m; â‚Ź12.96m). The most common types of payment were for food and beverages (91%), followed by travel (69%) and consulting (69%). The greatest proportion of compensation by category of payment was for research funding (70%). To ensure unbiased, evidence based mental health practice, there should be a rebuttable presumption of prohibiting financial conflicts of interest among the panel and task force members.

Note: A recent study found that 80% of the global population will be treated for mental illness at some point in their lives, and that their lives are worse in many ways after receiving diagnosis and treatment. For more along these lines, see concise summaries of deeply revealing news articles on health and Big Pharma profiteering from reliable major media sources.

Pesticides used in our homes, gardens and lawns and sprayed on foods we eat are contributing to a dramatic decline in sperm count among men worldwide, according to a new analysis of studies over the last 50 years. "Over the course of 50 years, sperm concentration has fallen about 50% around the world," said senior study author Melissa Perry. "While there are likely many more contributing causes, our study demonstrates a strong association between two common insecticides –organophosphates and N-methyl carbamates – and the decline of sperm concentration." Organophosphates are the main components of nerve gas, herbicides, pesticides and insecticides and are also used to create plastics and solvents. They are widely used in agriculture on the crops we eat. We use them in structural applications within homes and buildings. N-methyl carbamates are structurally and operationally similar to organophosphates, killing insects by damaging their brains and nervous systems. The study, published ... in the journal Environmental Health Perspectives, examined 25 studies around the world on the two chemicals. Those studies looked at 42 different levels of impact among 1,774 men in 21 different study populations. Men who were more highly exposed to the pesticides, such as those who work in agriculture, had significantly less sperm concentration than men who had the least exposure to organophosphates and N-methyl carbamates, the study found.

Note: For more along these lines, see concise summaries of deeply revealing news articles on health and food system corruption from reliable major media sources.

Television ads for drugs are filled with glowing images of people living their best lives, all thanks to that new med they've been prescribed. But drugs being touted on TV often have little to no benefit compared to other treatments, a new study published online Jan. 13 in JAMA Network Open finds. Fewer than one-third of drugs commonly advertised in the United States are highly rated first-line therapies, based on regulatory reviews from three different health agencies, the researchers said. Further, medications categorized as "low benefit" accounted for nearly $16 billion of the $22 billion in TV ad spending during the six-year study period, the results showed. "Proponents of direct-to-consumer pharmaceutical advertising often argue that these ads have high public health value by encouraging uptake of the most therapeutically beneficial therapies. Our study pushes back against this argument," said lead researcher Neeraj Patel. "The U.S. is one of only two high-income countries in the world that widely permits direct-to-consumer advertising of prescription drugs," Patel said. "And there's been a ton of empirical research over the past two decades that has suggested that this type of advertising can be misleading, lead to inappropriate prescribing, and inflate health care costs." In the meantime, people should have frank discussions with their doctor about any drug that's caught their eye on TV, focusing on the real risks and benefits, Patel said.

Note: This profoundly eye-opening interview of a top cardiologist reveals without doubt how big Pharma has corrupted science and greatly damaged public health. For more along these lines, see concise summaries of deeply revealing news articles on big Pharma corruption from reliable major media sources.

European criticism of the World Health Organization's handling of the H1N1 pandemic intensified ... with the release of two reports that accused the agency of exaggerating the threat posed by the virus and failing to disclose possible influence by the pharmaceutical industry on its recommendations for how countries should respond. The WHO's response caused widespread, unnecessary fear and prompted countries around the world to waste millions of dollars. At the same time, the Geneva-based arm of the United Nations relied on advice from experts with ties to drug makers in developing the guidelines it used to encourage countries to stockpile millions of doses of antiviral medications. The first report ... came from the Social, Health and Family Affairs Committee of the Parliamentary Assembly of the Council of Europe, which launched an investigation in response to allegations that the WHO's response to the pandemic was influenced by drug companies that make antiviral drugs and vaccines. The second report, a joint investigation by the [British Medical Journal] and the Bureau of Investigative Journalism ... criticized 2004 guidelines the WHO developed based in part on the advice of three experts who received consulting fees from the two leading manufacturers of antiviral drugs used against the virus, Roche and GlaxoSmithKline.

Note: Explore extensive, eye-opening coverage from reliable sources revealing how the swine and avian flu "pandemics" were designed for corporate profit.

Victims who suffered life-changing injuries from the Oxford-AstraZeneca Covid vaccine say they have faced censorship on social media when trying to discuss their symptoms. The UK-based pharmaceutical giant is being sued in the High Court in a test case by a father-of-two who suffered a significant permanent brain injury as a result of a blood clot after receiving the jab in spring 2021. A second claim is also being brought by the widower and two young children of a woman who died after having the jab. Some who have experienced serious adverse reactions from the AstraZeneca vaccine ... have been given "warnings" on social media websites such as Facebook when trying to talk to one another about their experiences. They say they are being forced to "self censor" and speak in code to avoid having their support groups shut down. In one instance, YouTube attempted to censor a video of testimony given by lawyers to the Covid Inquiry about vaccines, flagging the clip as a violation of its "medical misinformation policy". UK CV Family, a private Facebook group with 1.2k members for people left injured or bereaved from Covid vaccines, was started in November 2021 by Charlet Crichton after she suffered an adverse reaction from the AstraZeneca jab. Facebook blocked Ms Crichton from commenting at one stage "to prevent misuse" and there were occasions where her account was temporarily banned because her "activity didn't follow our community standards".

Note: For more along these lines, see concise summaries of deeply revealing news articles on government COVID vaccines and media manipulation from reliable sources.

OpenAI was created as a non-profit-making charitable trust, the purpose of which was to develop artificial general intelligence, or AGI, which, roughly speaking, is a machine that can accomplish, or surpass, any intellectual task humans can perform. It would do so, however, in an ethical fashion to benefit "humanity as a whole". Two years ago, a group of OpenAI researchers left to start a new organisation, Anthropic, fearful of the pace of AI development at their old company. One later told a reporter that "there was a 20% chance that a rogue AI would destroy humanity within the next decade". One may wonder about the psychology of continuing to create machines that one believes may extinguish human life. The problem we face is not that machines may one day exercise power over humans. That is speculation unwarranted by current developments. It is rather that we already live in societies in which power is exercised by a few to the detriment of the majority, and that technology provides a means of consolidating that power. For those who hold social, political and economic power, it makes sense to project problems as technological rather than social and as lying in the future rather than in the present. There are few tools useful to humans that cannot also cause harm. But they rarely cause harm by themselves; they do so, rather, through the ways in which they are exploited by humans, especially those with power.

Note: Read how AI is already being used for war, mass surveillance, and questionable facial recognition technology.

While I was out of town on business, I got a call from my dad who told me my husband Woody had been found hanging–dead at age 37. Woody wasn't depressed and he hadn't had a history of depression nor any other mental illness. His doctor had prescribed the antidepressant Zoloft to take the edge off. In the following weeks, I started to investigate, to try and understand why my perfectly normal husband had decided to end his life. The only thing that made sense ... Zoloft. Figuring out Zoloft's dangers completely altered my life's trajectory, absorbing years of my time. Today, I sit on one of the Food and Drug Administration (FDA) advisory committees that reviews new drugs coming to market. I initially thought that what I was learning about Zoloft was just an isolated issue with antidepressants. But I soon realized it was part of a much bigger, systemic problem with our nation's drug safety system. The pharmaceutical industry is driven by commercial interests, not public health, and this problem is compounded by a lack of transparency, conflicts of interests, manipulation of clinical trials, and undue corporate influence across the government. Marketing companies ghostwrite pharmaceutical studies for academics who sometimes barely read the papers that get submitted to medical journals, and drug makers then cite these ghostwritten studies as peer-reviewed proof of their products' safety and efficacy. The revolving door between Big Pharma and the FDA spins faster than the one between the Pentagon and the defense industry.

Note: This guest essay is written by Kim Witczak, a globally renowned advocate for pharmaceutical drug safety and FDA reform. Antidepressants have been found to increase the risk of suicide in some patients. For more along these lines, see concise summaries of deeply revealing news articles on health and Big Pharma corruption from reliable major media sources.

Silicon Valley techies are pretty sanguine about commercial surveillance. But they are much less cool about government spying. Government employees and contractors are pretty cool with state surveillance. But they are far less cool with commercial surveillance. What are they both missing? That American surveillance is a public-private partnership: a symbiosis between a concentrated tech sector that has the means, motive, and opportunity to spy on every person in the world and a state that loves surveillance as much as it hates checks and balances. The tech sector has powerful allies in government: cops and spies. No government agency could ever hope to match the efficiency and scale of commercial surveillance. Meanwhile, the private sector relies on cops and spies to go to bat for them, lobbying against new privacy laws and for lax enforcement of existing ones. Think of Amazon's Ring cameras, which have blanketed entire neighborhoods in CCTV surveillance, which Ring shares with law enforcement agencies, sometimes without the consent or knowledge of the cameras' owners. Ring marketing recruits cops as street teams, showering them with freebies to distribute to local homeowners. Google ... has managed to play both sides of the culture war with its location surveillance, thanks to the "reverse warrants" that cops have used to identify all the participants at both Black Lives Matter protests and the January 6 coup. Distinguishing between state and private surveillance is a fool's errand.

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

From Virginia to Florida, law enforcement all over the US are increasingly using tools called reverse search warrants – including geofence location warrants and keyword search warrants – to come up with a list of suspects who may have committed particular crimes. While the former is used by law enforcement to get tech companies to identify all the devices that were near a certain place at a certain time, the latter is used to get information on everyone who's searched for a particular keyword or phrase. It's a practice public defenders, privacy advocates and many lawmakers have criticised, arguing it violates fourth amendment protections against unreasonable searches. Unlike reverse search warrants, other warrants and subpoenas target a specific person that law enforcement has established there is probable cause to believe has committed a specific crime. But geofence warrants are sweeping in nature and are often used to compile a suspect list to further investigate. Google broke out how many geofence warrants it received for the first time in 2021. The company revealed it received nearly 21,000 geofence warrants between 2018 and 2020. The tech giant did not specify how many of those requests it complied with but did share that in the second half of 2020, it responded to 82% of all government requests for data in the US with some level of information. Apple has taken steps to publish its own numbers. In the first half of 2022 the company fielded a total of 13 geofence warrants and complied with none.

Note: The legal world is struggling to keep up with the rise of tech firms building ever more sophisticated means of surveilling people and their devices. For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the disappearance of privacy from reliable major media sources.

The New York Times tried to block a web crawler that was affiliated with the famous Internet Archive. The Internet Archive's Wayback Machine has long been used to compare webpages as they are updated over time, clearly delineating the differences between two iterations of any given page. Several years ago, the archive added a feature called "Changes" that lets users compare two archived versions of a website from different dates or times on a single display. The tool can be used to uncover changes in news stories that have been made without any accompanying editorial notes, so-called stealth edits. The Times has, in the past, faced public criticisms over some of its stealth edits. In a notorious 2016 incident, the paper revised an article about then-Democratic presidential candidate Sen. Bernie Sanders, I-Vt. ... drastically after publication – changing the tone from one of praise to skepticism. More recently, the Times stealth-edited an article that originally listed "death" as one of six ways "you can still cancel your federal student loan debt." Following the edit, the "death" section title was changed to a more opaque heading of "debt won't carry on." A service called NewsDiffs – which provides a similar comparative service but focuses on news outlets such as the New York Times, CNN, the Washington Post, and others – has also chronicled a long list of significant examples of articles that have undergone stealth edits, though the service appears to not have been updated in several years.

Note: The manipulation of media coverage for Bernie Sanders' campaign was widespread, as discussed in an WantToKnow.info interview with media activist Tony Brasunas. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

A recent Cochrane Evidence Synthesis and Methods article examines internal pharma industry documents, primarily obtained through litigation. The study finds that the pharmaceutical industry employs numerous ghost management strategies to corrupt research, circumvent and undermine regulations, manipulate consumers, and protect its interests. The authors write: "The scientific literature using internal documents confirmed widespread corporate influence in the pharmaceutical sector. While the academic literature used internal documents related to only a handful of products, our research results, based on ghostmanagement categories, demonstrate the extent of corporate influence in every interstice of pharmaceutical markets, particularly in clinical research and clinical practice." Analysis of the articles revealed several common ghost management strategies the pharmaceutical industry utilizes. Ghost management is a system of behind-the-scenes processes by which the industry corrupts researchers, clinicians, and regulatory agencies with gifts and bribes and determines what research will be funded, what scientific journals can publish, and how physicians, etc., will present their product. The present research reveals eight broad categories of ghost management: scientific capture, professional capture, regulatory capture, media capture, market capture, technological capture, civil society capture, and others. Scientific capture was the most commonly analyzed ghost management strategy.

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

Researchers from Johns Hopkins University recently published an article in JAMA that highlights rising concern around the effects of direct-to-consumer advertising (DTC) on health care. Their work shows that DTC advertising might have direct harm on patients. They studied drug characteristics and total advertising expenditures for the 150 top-selling branded prescription drugs in the United States, finding that total promotional spending by the manufacturer was associated with a significantly lower added clinical benefit for the drug. In fact, companies spent nearly 15% more on DTC advertising for drugs that had demonstrated lower added benefit. Even more troubling, each 1.5% increase in spending was associated with a 10% increase in sales. Simply put, pharmaceutical companies spent more money on DTC advertising when medical research found that the drug was less effective, and this spending directly led to more sales for those inferior drugs. The U.S. is one of only two countries in the world that still allows direct-to-consumer advertising. Aside from increased pressure on providers to prescribe particular drugs which may not be the best option, there are other downsides to DTC. The data show that DTC advertising leads to increased drug costs overall, adding to the already skyrocketing costs of medical care in America. Additionally, DTC advertising tends to reduce use of generic medications, which are often equally effective but significantly cheaper for patients.

Note: This profoundly eye-opening interview of a top cardiologist reveals without doubt how big Pharma has corrupted science and greatly damaged public health. For more along these lines, see concise summaries of deeply revealing news articles on big Pharma corruption from reliable major media sources.

A young TikTok user has long, wavy hair. She's slim and wants you to know exactly why: she's using Wegovy, a prescription drug originally developed to treat diabetes that's become a popular drug for weight loss. In one clip, she picks up the medication from a pharmacy ... then demonstrates in a following clip how she injects it into her leg. She's what's called a patient influencer. They have no medical training and claim that they're simply sharing their personal experiences with their TikTok and Instagram followers. But in this ... unregulated arena, it's gotten harder to tell when influencing crosses legal and ethical lines. Many patient influencers offer prescription drug advice to their followers without always revealing their relationships with drug companies, according to Erin Willis ... who authored a study about patient influencers. A patient influencer can expect to earn anywhere from "the low hundreds to a few thousand dollars" per social media post. Part of what makes patient influencers effective is that they often push messaging further than what would be allowed on media like TV, where ads are far more closely scrutinized by regulators like the FDA and Federal Trade Commission. Willis calls patient influencing "an interactive form of advertising" that's "difficult to regulate, if it's been regulated at all". Studies find [direct-to-consumer] ads lead to doctors prescribing them more – driving the market for these ads to nearly $7bn last year, industry statistics show.

Note: This controversial marketing tactic is only legal in the United States and New Zealand. Read more about how these tactics are quickly becoming the "wild west of pharma advertising," especially when the FDA's social media guidance hasn't been updated since 2014. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

The "Twitter files" revealed an FBI operation to monitor and censor social media content. Dozens of FBI employees worked on the identification and removal of material on a wide range of subjects and that Twitter largely carried out their requests. Nor was it just the FBI, apparently. Emails reveal FBI figures like a San Francisco assistant special agent in charge asking Twitter executives to "invite an OGA" (or "Other Government Organization") to an upcoming meeting. A week later, Stacia Cardille, a senior Twitter legal executive, indicated the OGA was the CIA, an agency under strict limits regarding domestic activities. Twitter's own ranks included dozens of ex-FBI agents and executives. The dozens of disclosed emails ... do not include still-undisclosed but apparent government coordination with Facebook and other social media companies. Much of that work apparently was done through the multi-agency Foreign Influence Task Force (FITF), which operated secretly it seems to censor citizens. This is a First Amendment violation. The Twitter files have substantiated long-standing concerns over "censorship by surrogate" or proxy. As with other amendments like the Fourth Amendment, which protects against unreasonable searches or seizures, the government cannot use private agents to do indirectly what it cannot do directly. Just as a police officer cannot direct a security guard to break into an apartment and conduct a search, the FBI cannot use Twitter to censor Americans.

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

The situation for India's more than 260 million agricultural workers is dire. Nearly 30 people in the farming sector die by suicide daily, according to the most recent figures available, typically due to overwhelming debt. Indeed in 2020, more than 10,000 people in the agricultural sector ended their own lives, according to government data. India's economic backbone – its farmers and their families – is in collapse. They face crushing pressures: insurmountable debt, environmental degradation, and extreme rates of cancer linked to exposure to pesticides. This strain is compounded by climate change and extreme weather – from ground water depletion to water shortages and crop damage due to rising temperatures – effects which have been tied to increasing suicides in India. Many are subsistence farmers who are drowning in the volatility caused by the Green Revolution which began in the 1960s as a way of industrializing the agriculture sector with high yielding seeds, mechanized tools and pesticides. In some cases, farmers cannot work their land due to illness linked to the revolution's pesticides and fertilizers. They are dealing with deep-rooted battles against multinational corporations. And all the while having to take out loans each year to make the agricultural cycle possible. And then, when farmers are unable to get loans from legitimate banks, illegal moneylenders ... step in, charging exorbitant interest rates and creating an inescapable debt-trap for farmers, in some instances pushing them to suicide.

Note: Watch a compelling talk by food sovereignty advocate Vandana Shiva, who explains how the "Green Revolution" doesn't bring any gain in food security, and has done more harm than good in India. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.

Facial recognition has become a security feature of choice for phones, laptops, passports, and payment apps. Yet it is also, increasingly, a tool of state oppression and corporate surveillance. Immigration and Customs Enforcement and the FBI have deployed the technology as a digital dragnet, searching for suspects among millions of faces in state driver's license databases, sometimes without first seeking a court order. In early 1963, [Woody Bledsoe] proposed to conduct "a study to determine the feasibility of a simplified facial recognition machine." A recently declassified history of the CIA's Office of Research and Development mentions just such a project in 1965; that same year, Woody sent a letter on facial recognition to John W. Kuipers, the division's chief of analysis. In 1967 ... Woody took on one last assignment that involved recognizing patterns in the human face. The purpose of the experiment was to help law enforcement agencies quickly sift through databases of mug shots and portraits, looking for matches. As before, funding for the project appears to have come from the US government. A 1967 document declassified by the CIA in 2005 mentions an "external contract" for a facial-recognition system that would reduce search time by a hundredfold. Woody's work set an ethical tone for research on facial recognition that has been enduring and problematic. The potential abuses of facial-recognition technology were apparent almost from its birth.

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

As the 2018 elections approach, the American intelligence community is issuing increasingly dire warnings about potential interference from Russia and other countries. D.H.S. has now conducted remote-scanning and on-site assessments of state and county election systems. These [measures] don't address core vulnerabilities in voting machines or the systems used to program them. And they ignore the fact that many voting machines that elections officials insist are disconnected from the internet – and therefore beyond the reach of hackers – are in fact accessible by way of the modems they use to transmit vote totals on election night. Add to this the fact that states don't conduct robust postelection audits ... and there's a good chance we simply won't know if someone has altered the digital votes in the next election. How did our election system get so vulnerable, and why haven't officials tried harder to fix it? The answer, ultimately, comes down to politics and money: The voting machines are made by well-connected private companies that wield immense control over their proprietary software, often fighting vigorously in court to prevent anyone from examining it when things go awry. The stakes are high. But the focus on Russia, or any would-be election manipulators, ignores the underlying issue – the myriad vulnerabilities that riddle the system and the ill-considered decisions that got us here.

Note: Why is it that the U.S. government is not allowed to have oversight over the companies that build and maintain voting machines and databases? What if one or more of them is bought off by a foreign or event domestic interest? Isn't this crazy? The major media have severely neglected reporting on elections manipulations that have been going on for many decades. For undeniable evidence of this, see our Elections Information Center.

Facebook wants to get up close and personal with its users after a patent was revealed detailing a desire to secretly watch users through their webcam or smartphone camera, spying on your mood in order to sell you tailored content or advertisements. The purpose behind the invasive idea is to analyse people through the camera in real time while they browse online and if it recognises you looking happy, bored or sad, it would deliver an advert fitting your emotion. If you were forlorn, for example, it would be able to serve an ad to perk you up, or know what products you had previously looked at online and put them under your nose at just the right time. The social network has filed several patents over the years on emotion-based technology but this, based on 'passive imaging data' is perhaps the most unnerving, considering it would take control of cameras that weren't even switched on by the user. As described by CB Insights: "This patent proposes capturing images of the user through smartphone or laptop cameras, even when the user is not actively using the camera. By visually tracking a user's facial expression, Facebook aims to monitor the user's emotional reactions to different types of content." Other patents listed by Facebook include a text messaging platform to detect a user's mood by measuring how hard and fast they were typing, then augment the message format, such as adding emojis or changing the font size, to match their emotion.

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

Wells Fargo Bank, one of the nation's largest banks, has been hit with $185 million in civil penalties for secretly opening millions of unauthorized deposit and credit card accounts that harmed customers, federal and state officials said Thursday. Employees of Wells Fargo (WFC) boosted sales figures by covertly opening the accounts and funding them by transferring money from customers' authorized accounts without permission, the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Los Angeles city officials said. An analysis by the San Francisco-headquartered bank found that its employees opened more than two million deposit and credit card accounts that may not have been authorized by consumers. Many of the transfers ran up fees or other charges for the customers, even as they helped employees make incentive goals. The bank agreed to pay full restitution to all victims and a $100 million fine to the Consumer Financial Protection Bureau's civil penalty fund - the largest in the regulator's five-year operating history. Wells Fargo will pay a separate $35 million penalty to the Office of the Comptroller of the Currency. Additionally, Wells Fargo said it terminated approximately 5,300 employees and managers over a five-year period for their involvement with the unauthorized accounts.

Note: No Wells Fargo executives have been held responsible for this bank's institutionalized breach of customer trust. Do you think these actions were taken without approval from at least one executive? For more along these lines, see concise summaries of deeply revealing banking corruption news articles from reliable major media sources.

Iceland ... has just sentenced five senior bankers and one prominent investor to prison for crimes relating to the economic meltdown in 2008. The nation that gambled so heavily on the markets and lost so disastrously in the consequent crash has [now] sent 26 financiers to jail for combined sentences of 74 years. The authorities pursued bank bosses, chief executives, civil servants and corporate raiders for crimes ranging from insider trading to fraud, money laundering, misleading markets, breach of duties and lying to the authorities. Meanwhile the economy that collapsed so spectacularly has rebounded after letting banks go bust, imposing capital controls and protecting its own citizens over all other losers. This determination to hold people to account for actions that caused intense financial misery contrasts strongly with Britain, most of the rest of Europe and the United States. Britain never bothered holding a proper inquiry into the financial meltdown that still heavily impacts on public finances. In New York, a couple of minor British bankers have just been convicted of manipulating inter-bank lending rates. In London, the massive HSBC is playing political games ... to stave off regulatory pressures. This is the bank, remember, fined Ł1.2bn after a US investigation found it was laundering money for gangsters and rogue nations, then discovered to be helping wealthy clients evade tax in dozens of countries. Its former boss became a government minister and then chairman of the British Museum.

Note: So the one nation that jailed its big bankers and let banks go bust is doing very well. Why are so exceedingly few bankers in other countries being jailed for crimes involving trillions of dollars and bankrupting millions of citizens? For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

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.