Government Corruption Media Articles

Excerpts of Key Government Corruption Media Articles in Major Media

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Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations. The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages. Since the law allows regulators to go so far as to order a bank to divest subsidiaries if it cannot plan an orderly resolution in bankruptcy, the deadline is pushing even healthy institutions to start a multi-year process to untangle their complex global operations, according to industry consultants. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are among those submitting the first liquidation scenarios to regulators at the Federal Reserve and the Federal Deposit Insurance Corp. The liquidation plans are coming amid renewed questions about the safety of big banks following JPMorgan's stunning announcement last month that a trading debacle has cost it more than $2 billion.

Note: For other key major media articles showing blatant financial corruption, click here. For more vitally important information on banking manipulations, explore the excellent, reliable information in our Banking Corruption Information Center available here.

A California congressman at the center of a legal battle with the White House ... asked U.S. trade officials to let him sit in on negotiations in San Diego next week between the United States and other countries in the Asia-Pacific region. "Given the immense impact that this agreement will have on many areas of the American economy, including intellectual property, I respectfully request that you allow me and certain members of my staff to be present as observers for this round of negotiations," Republican lawmaker Darrell Issa said in a letter to U.S. Trade Representative Ron Kirk. The unusual request to join the San Diego talks on the proposed Trans-Pacific Partnership (TPP) pact, and a separate letter on Wednesday from about 130 congressional Democrats, reflect the anxiety many lawmakers are feeling about trade agreements, even though Congress last year overwhelmingly approved three such pacts -- with South Korea, Colombia and Panama. The roughly 130 Democratic lawmakers, in their letter, urged U.S. Trade Representative Ron Kirk to release draft texts under negotiation and "to engage in broader and deeper consultations" with members of Congress on U.S. laws and regulations they said he could be affected by the pact. Those include areas such as labor, patent and copyright, land use, food, agriculture, natural resources, the environment, state-owned enterprises, government procurement and regulations for financial services, healthcare, energy and telecommunications, the lawmakers said.

Note: For more information and a petition against the TPP, click here. For deeply revealing reports from reliable major media sources on government corruption, click here.

Two prominent seismologists said on Tuesday that Japan is ignoring the safety lessons of last year's Fukushima crisis and warned against restarting two reactors next month. Japan has approved the restart of the two reactors at the Kansai Electric Power Ohi nuclear plant, northwest of Tokyo, despite mass public opposition. They will be the first to come back on line after all reactors were shut following a massive earthquake and tsunami last March that caused the worst nuclear crisis since Chernobyl at Tokyo Electric Power's Daiichi Fukushima plant. Seismic modeling by Japan's nuclear regulator did not properly take into account active fault lines near the Ohi plant, Katsuhiko Ishibashi, a seismologist at Kobe University, told reporters. "The stress tests and new safety guidelines for restarting nuclear power plants both allow for accidents at plants to occur," Ishibashi told reporters. "Instead of making standards more strict, they both represent a severe setback in safety standards." Experts advising Japan's nuclear industry had underestimated the seismic threat, Mitsuhisa Watanabe, a tectonic geomorphology professor at Tokyo University, said at the same news conference. "The expertise and neutrality of experts advising Japan's Nuclear Industrial Safety Agency are highly questionable," Watanabe said.

Note: For more from reliable sources on corruption on the nuclear power industry, click here.

Anthony V. Mangione, the former chief of U.S. Immigration and Customs Enforcement in South Florida, plans to plead guilty rather than go to trial next month on Internet child-pornography charges, according to a federal court filing. It is customary for federal defendants who plead guilty to receive lower sentences after they accept responsibility and forego trial. Still, each of the charges accusing Mangione of transporting and receiving images of minors engaging in sexually explicit conduct carries a minimum-mandatory sentence of five years. Mangione ... served as an agent with ICE for 27 years. During the past decade, ICE aggressively targeted child pornography, with Mangione frequently speaking out against predators who illegally share images through their computers. As the special agent in charge of ICEs South Florida office between 2007 and 2011, Mangione often praised the agencys efforts against child pornography in both the cyber and real worlds.

Note: To learn about documented sexual abuse in secret CIA mind control programs, click here. For deeply revealing and reliable major media reports on sexual abuse, click here.

Revelations that top officials are targeting people to be assassinated abroad, including American citizens, are only the most recent, disturbing proof of how far our nation’s violation of human rights has extended. This development began after [9/11] and has been sanctioned and escalated by bipartisan executive and legislative actions. While the country has made mistakes in the past, the widespread abuse of human rights over the last decade has been a dramatic change from the past. With leadership from the United States, the Universal Declaration of Human Rights was adopted in 1948 as “the foundation of freedom, justice and peace in the world.” This was a bold and clear commitment that power would no longer serve as a cover to oppress or injure people, and it established equal rights of all people to life, liberty, security of person, equal protection of the law and freedom from torture, arbitrary detention or forced exile. It is disturbing that, instead of strengthening these principles, our government’s counterterrorism policies are now clearly violating at least 10 of the declaration’s 30 articles, including the prohibition against “cruel, inhuman or degrading treatment or punishment.” Recent legislation has made legal the president’s right to detain a person indefinitely on suspicion of affiliation with terrorist organizations or “associated forces,” a broad, vague power that can be abused without meaningful oversight from the courts or Congress. This law violates the right to freedom of expression and to be presumed innocent until proved guilty, two other rights enshrined in the declaration.

Note: For revealing reports from major media sources on war crimes committed by US forces in the "global war on terror," click here.

The New York Times has published several terrifying reports about New Jersey’s system of halfway houses — privately run adjuncts to the regular system of prisons. The horrors described are part of a broader pattern in which essential functions of government are being both privatized and degraded. So what’s really behind the drive to privatize prisons? One answer is that privatization can serve as a stealth form of government borrowing, in which governments avoid recording upfront expenses (or even raise money by selling existing facilities) while raising their long-run costs in ways taxpayers can’t see. Another answer is that privatization is a way of getting rid of public employees. But the main answer, surely, is to follow the money. As more and more government functions get privatized, states become pay-to-play paradises, in which both political contributions and contracts for friends and relatives become a quid pro quo for getting government business. One thing the companies that make up the prison-industrial complex are definitely not doing is competing in a free market. They are, instead, living off government contracts. And ... despite many promises that prison privatization will lead to big cost savings, such savings — as a comprehensive study by the Bureau of Justice Assistance, part of the U.S. Department of Justice, concluded — “have simply not materialized.” A corrupt nexus of privatization and patronage [is] undermining government across much of our nation.

Note: Few are aware that violent crime rates have dropped to 1/3 of what they were in 1993, yet prison spending continues to skyrocket. Is something wrong with this picture? For key major media new articles exposing more on corruption within the "prison-industrial complex," click here.

In 1992, world leaders signed up to something called "sustainability". Few of them were clear about what it meant. Perhaps as a result, it did not take long for this concept to mutate into something subtly different: "sustainable development". Then it made a short jump to another term: "sustainable growth". And now, in the 2012 Rio+20 text that world leaders are about to adopt, it has subtly mutated once more: into "sustained growth". This term crops up 16 times in the document, where it is used interchangeably with sustainability and sustainable development. But if sustainability means anything, it is surely the opposite of sustained growth. Sustained growth on a finite planet is the essence of unsustainability. As a result, the draft document, which seems set to become the final document, takes us precisely nowhere: 190 governments have spent 20 years bracing themselves to "acknowledge", "recognise" and express "deep concern" about the world's environmental crises, but not to do anything about them. The draft and probably final declaration is 283 paragraphs of fluff. It suggests that the 190 governments due to approve it have, in effect, given up on multilateralism, given up on the world and given up on us. So what do we do now?

A Republican-run House committee voted today to cite Attorney General Eric Holder for contempt after President Obama asserted executive privilege over documents in the "Fast and Furious" operation. The "decision to invoke executive privilege implies that White House officials were either involved in the Fast and Furious operation or the cover-up that followed," said Michael Steel, a spokesman for House Speaker John Boehner, R-Ohio. "The administration has always insisted that wasn't the case. Agents involved in Operation Fast and Furious lost track of some weapons. Two guns were later found at the scene of the killing of a U.S. border patrol agent, Brian Terry. In a statement issue by their attorney, Terry's parents condemned the Obama administration for invoking executive privilege. "Our son, Border Patrol Agent Brian Terry, was killed by members of a Mexican drug cartel armed with weapons from this failed Justice Department gun trafficking investigation," said Josephine Terry and Kent Terry Sr. "For more than 18 months we have been asking our federal government for justice and accountability." The Terrys also said that "our son lost his life protecting this nation, and it is very disappointing that we are now faced with an administration that seems more concerned with protecting themselves rather than revealing the truth behind Operation Fast and Furious." The investigation into the operation was spurred after Sen. Charles Grassley, R-Iowa, inquired into whistle-blower allegations that the government had allowed the transfer of illegally purchased weapons.

Note: For more about the Fast and Furious ATF operation that provided US guns to criminal gangs, see this news summary from a reliable major media source.

The Trans-Pacific Partnership (TPP) may soon be an acronym as recognizable as NAFTA — but this free trade venture could have much more economic strength and impact than its North American predecessor. The Trans-Pacific Partnership is a free trade deal aimed at further expanding the flow of goods, services and capital across borders. Its four founding members — New Zealand, Chile, Singapore and Brunei – soon caught the attention of five other nations: the United States, Australia, Peru, Vietnam and Malaysia, who joined in 2008. The nine partners currently have a combined GDP of more than $17 trillion. Canada and Mexico are now being considered for membership, subject to the approval of the nine countries already involved. Add to this the possibility that Japan could join the TPP, despite mounting protests in that country, and the economic and political traction of the group increases. In fact, the TPP could become the world's largest free-trade zone. "It's really a trade agreement for the one per cent and their corporate interests," said Maude Barlow, the National Chairperson of the Council of Canadians, which opposed and continues to criticize NAFTA. "This is not going to be a good deal for Canadians."

Note: A later Toronto Star article reveals that the agreements of the TPP are secret.

When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?” The groveling of the Senators was so obvious that Jon Stewart did a spoof news clip on it. JPMorgan Chase is the biggest campaign donor to many of the members of the Banking Committee. Financial analysts Jim Willie and Rob Kirby think it may be something far larger, deeper, and more ominous. They contend that the $3 billion-plus losses in London hedging transactions that were the subject of the hearing can be traced, not to European sovereign debt (as alleged), but to the record-low interest rates maintained on U.S. government bonds. The national debt is growing at $1.5 trillion per year. Ultra-low interest rates must be maintained to prevent the debt from overwhelming the government budget. Near-zero rates also need to be maintained because even a moderate rise would cause multi-trillion dollar derivative losses for the banks, and would remove the banks’ chief income stream, the arbitrage afforded by borrowing at 0% and investing at higher rates. The low rates are maintained by interest rate swaps, called by Willie a “derivative tool which controls the bond market in a devious artificial manner.”

Note: We don't usually use alternet.org as a reliable source, but because the major media failed to ask the hard, very important questions posed in this article, we've included it here. For powerful reports on financial corruption, click here.

When JPMorgan Chase CEO Jamie Dimon testified in the U.S. House today, he presented himself as a champion of free-market capitalism in opposition to an overweening government. His position would be more convincing if his bank weren't such a beneficiary of corporate welfare. JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fund. The money helps the bank pay big salaries and bonuses. More important, it distorts markets, fueling crises such as the recent subprime-lending disaster and the sovereign-debt debacle that is now threatening to destroy the euro and sink the global economy. In recent decades, governments and central banks around the world have developed a consistent pattern of behavior when trouble strikes banks that are large or interconnected enough to threaten the broader economy: They step in to ensure that all the bank's creditors, not just depositors, are paid in full. With each new banking crisis, the value of the implicit subsidy grows. JPMorgan's share of the subsidy is $14 billion a year, or about 77% of its net income for the past four quarters. In other words, U.S. taxpayers helped foot the bill for the multibillion-dollar trading loss that is the focus of today's hearing. When Dimon pushes back against capital requirements or the Volcker rule, it's worth remembering that he's pushing for a form of corporate welfare that, left unchecked, could lead to a crisis too big for the government to contain.

Note: For more vitally important information on this, explore the excellent, reliable information in our Banking Corruption Information Center available here. For other key major media articles showing blatant financial corruption, click here.

Faulty computer modeling caused the equipment problems that are expected to keep the San Onofre nuclear plant dark through the summer, federal regulators said Monday. The plant has been out of service since Jan. 31, when operators discovered a small leak in one of the thousands of steam generator tubes that carry hot, radioactive water used to create steam to turn turbines that generate electricity. That led to the discovery that other tubes were rubbing against support structures and adjacent tubes, and wearing out more quickly than expected. Eight tubes failed pressure testing, which NRC officials said ... is the first time in the nuclear industry that more than one tube at a plant has failed. The wear is a safety concern because tube ruptures can release radiation. The plant's operator, Southern California Edison; the NRC; and Mitsubishi Heavy Industries, the manufacturer of the steam generators, have been studying the cause and extent of the wear. The NRC has ordered Edison to keep the plant shuttered until it has determined the cause and how to fix it. "This is a significant, serious safety issue," said NRC regional administrator Elmo Collins. "This is a very difficult technical issue, and to be honest, it's not one we've seen before." NRC officials said it appears that simulations by Mitsubishi underpredicted the velocity of steam and water flowing among the tubes by a factor of three or four. The high rate of flow caused the tubes to vibrate and knock against each other, leading to the wear. It was not clear why the computer modeling was so far off.

Note: For lots more on corruption in the nuclear power industry, click here.

Native American tribes are celebrating a major victory in their battle for equal treatment after the US supreme court ruled that the government could no longer short-change them over contracts for public services. The suit claimed that the government had over many years withheld millions of dollars owed to the tribes by imposing a cap on the contracts it had taken out with them. Native American leaders hailed the ruling as an important victory. Rodger Martinez, president of the Ramah Navajo Chapter in New Mexico that was a plaintiff in the case, said they had been saddened that they had to go all the way to the supreme court to find redress. "But we are happy that they sided with us. This gets us back to the principle that the government must pay us what we are entitled to," he said. The dispute over money relates to services provided by the tribes themselves under the Indian Self-Determination Act of 1975. Under that law, the tribes would sub-contract from the federal government public services such as police, schools, fire prevention, hospitals, and infrastructure works, as well as environmental works and subsidies to farmers. Under the arrangement, the federal government would pay the tribes for the services provided, just as it would any other contractor. But from 1994 the government changed the way it paid for the services, no longer paying for each contract in full but handing the tribes a collective lump sum onto which it imposed a ceiling – thereby withholding from them a portion of the moneys owed. The supreme court ruling found this to be unacceptable.

Note: For key reports on government corruption from major media sources, click here.

It's a curious paradox: Crime rates continue to fall in California, but the number of people killed by the police keeps rising. In Los Angeles County, for example, the number of 2011 homicides was a historic low of 612 people. But the number of fatal police shootings skyrocketed by nearly 70 percent that same year, to 54. That number of fatal shootings by officers was almost equal to 10 percent of the county's homicides last year. Los Angeles is not alone. Nationwide, officer-involved shootings are on the rise, with cities as disparate as Dallas and Albuquerque registering sharp spikes in fatal police shootings. What's going on? It's too soon to know whether 2011 was just an unusual year or the start of a trend. In 2011, 72 officers across the country were killed by perpetrators - a 75 percent increase from 2008. This rough equation makes some sense - if the police are encountering suspects who are more likely to fire on them, they're going to fire back. California is struggling with decades-old budget decisions that have left far too many mentally ill people out on the street, where they can be a danger to themselves and others. Police officers, not caseworkers, are all too often first responders to the mentally unstable. [And] California's ... draconian sentencing laws - followed by prison overcrowding and early release programs - haven't made anyone safer. Legislators and governors have tinkered around the edges of these issues without attempting a full overhaul, but a full overhaul is what the state needs.

Note: For more on corruption within the judicial system and "prison-industrial complex," click here.

Most Americans have gotten used to regular news reports about military and CIA drones attacking terrorist suspects – including US citizens – in Pakistan, Yemen, and elsewhere abroad. But picture thousands of drone aircraft buzzing around the United States. By some government estimates, as many as 30,000 drones could be part of intelligence gathering and law enforcement here in the United States within the next ten years. Operated by agencies down to the local level, this would be in addition to the 110 current and planned drone activity sites run by the military services in 39 states, reported this week by the Federation of American Scientists, a non-government research project. Civil libertarians warn that “unmanned aircraft carrying cameras raise the prospect of a significant new avenue for the surveillance of American life,” as the American Civil Liberties Union put it in a report last December. “The technology is quickly becoming cheaper and more powerful, interest in deploying drones among police departments is increasing, and our privacy laws are not strong enough to ensure that the new technology will be used responsibly and consistently with democratic values,” reported the ACLU. “In short, all the pieces appear to be lining up for the eventual introduction of routine aerial surveillance in American life.”

Note: For deeper analysis of the threats posed to American citizens by military and police drones in the skies, click here. For information on a federal recent law compelling the Federal Aviation Administration to allow drones to fly in US skies, click here. For more information on the use of drones by police in the US, click here. For lots more from reliable sources on surveillance in the US, click here.

Drone aircraft spy on and attack terrorists with no pilot in harm's way. Small teams of special operations troops quietly train and advise foreign forces. Viruses sent from computers to foreign networks strike silently, with no American fingerprint. It's war in the shadows, with the U.S. public largely in the dark. The high-tech warfare allows Obama to target what the administration sees as the greatest threats to U.S. security, without the cost and liabilities of sending a swarm of ground troops to capture territory; some of them almost certainly would come home maimed or dead. But it also raises questions about accountability and the implications for international norms regarding the use of force outside of traditional armed conflict. "Congressional oversight of these operations appears to be cursory and insufficient," said Steven Aftergood, an expert on government secrecy issues for the Federation of American Scientists, a private group. "It is Congress' responsibility to declare war under the Constitution, but instead it appears to have adopted a largely passive role while the executive takes the initiative in war fighting," Aftergood said in an interview. That's partly because lawmakers relinquished their authority by passing a law just after the Sept. 11 [attacks]. In this shroud of secrecy, leaks to the news media of classified details about certain covert operations have led to charges that the White House orchestrated the revelations to bolster Obama's national security credentials and thereby improve his re-election chances.

Note: For deeper analysis of the threats posed to American citizens by military and police drones in the skies, click here. For information on a federal recent law compelling the Federal Aviation Administration to allow drones to fly in US skies, click here. For more information on the use of drones by police in the US, click here. For lots more from reliable sources on surveillance in the US, click here.

The National Archives is refusing to release 1,171 classified CIA documents related to the assassination [of President John F. Kennedy] in time for the [50th] anniversary as it had promised. In 2010, deputy archivist Michael Kurtz announced that the secret records would be declassified by November 22, 2013. But the National Archives has since [retracted] that promise in a letter to Jim Lesar of the Assassination Archives and Research Center, who requested the release. [This] frustrates Lesar, whose nonprofit is devoted to collecting and disseminating information about political assassinations. "In 1992, Congress unanimously passed legislation that was designed to get all of the JFK assassination-related records released," he said. "There was supposed to be only a very few records whose release could be postponed for periods of time including up until the year 2017, but basically everything was supposed to be released well before then." Of course, the CIA and National Archives won't say exactly what is contained in the documents, not even the number of pages. "The National Archives does not have a page count, but it appears that there are at least several thousand pages that are still being withheld, and they appear to be on some very important subjects." The CIA and National Archives' intransigence certainly doesn't help deflate the bubble of speculation about what really happened at the Grassy Knoll. It's been 49 years. Most of the people involved are dead. What's to hide, unless the government is shown in an embarrassing or criminal light?

Note: See our excellent information center filled with reliable verifiable information on the John Kennedy assassination at this link. For deeply revealing reports from reliable major media sources on the John Kennedy assassination, click here.

There's been a lot of speculation about the cufflinks [JPMorgan Chase CEO] Jamie Dimon wore during [his Congressional] testimony. They caught the eye of folks because they seemed to bear some sort of official government stamp. As it turns out, they were emblazoned with the seal of the President of the United States. CNN's Lizzie O'Leary first confirmed the story last night over Twitter. They were, in fact, a gift from a resident of the White House. But people close to the JPMorgan Chase CEO won't say which president gave them to him. Dimon's got a bunch of official U.S. government cufflinks. Search for images of him and you'll see FBI cufflinks, for example. Was Dimon trying to send any particular message by wearing the presidential cufflinks? Was he, for instance, trying to remind the Democrats he supported Obama? Or subtly hinting that he's really the guy in charge?

Note: For powerful reports on financial corruption, click here.

Even before NATO forces begin leaving Afghanistan, [other countries are] trying to win access to the nation's vast natural resources after Western troops leave. Chief among them are China, Iran and India. For example, in Beijing late last week, Afghan President Hamid Karzai and Chinese President Hu Jintao signed a deal allowing China to pursue mineral resources, energy development and agricultural opportunities. Over the past decade, China has given the Afghan government $246 million in aid -- while spending $3.5 billion to develop a cooper mine there. India ... has won rights to mine iron ore. And Iran ... is promising copious aid and assistance after NATO leaves. Underlying all of this is the discovery that Afghanistan holds at least $1 trillion in untapped natural resources, including oil, cobalt, iron ore, gold and precious metals, among them lithium, used to power batteries. An internal Pentagon memo, now widely quoted, calls Afghanistan "the Saudi Arabia of lithium."

The Obama administration is the most forceful, vigilant and merciless in cracking down on whistle-blowers and leakers in nearly a century. The liberal law professor in the White House is no softie when it comes to punishing voices who undercut his pronouncements and policies. Since 1917, when the Espionage Act was passed to safeguard national secrets, prior presidents have brought three cases. Since taking office, Obama has used the law six times. In most of these cases, the White House went after whistle-blowers and leakers whose claims embarrassed the Obama administration. Examples of such prosecutions include the massive WikiLeaks disclosure of some 250,000 diplomatic cables along with lesser-known instances such as information about rough interrogations and botched computer operations. The common thread: The White House looked bad. Similar prosecution could happen again with the drone and cyber-war stories, but don't count on it. In these two cases, the results enhanced Obama's image, a result that won't draw presidential ire. Also, the news accounts that showed the president in charge of drone targets and approving a computer-jamming worm didn't disclose direct intelligence details or names. But there's a disturbing pattern, especially as the November election draws closer. This White House is bothered by the ever-present suggestion that it's weak on terrorism or hesitant to look tough against looming enemies - and it's willing to go to extraordinary means to pursue leaks of unflattering stories.

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

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