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Revealing News For a Better World

Government Corruption Media Articles
Excerpts of Key Government Corruption Media Articles 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: 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.


Japan declares Fukushima Daiichi nuclear plant stable, in ‘cold shutdown’
2011-12-16, Washington Post
http://www.washingtonpost.com/world/asia_pacific/japan-declares-fukushima-dai...

The Japanese government [has] declared that the Fukushima Daiichi nuclear plant had reached a stable state known as “cold shutdown.” But the formal status change at the plant, experts cautioned, means only that its problems have become less dire; they have not disappeared. The plant still leaks radiation into the sea. Its makeshift cooling system is vulnerable to earthquakes. And the cleanup work remains dangerous, with many flooded and debris-strewn areas of the reactor buildings difficult even for robots to access. In normal circumstances, a reactor in cold shutdown mode is entirely stable, its fuel intact, with no chance of a chain reaction. To achieve its version of a cold shutdown at Fukushima Daiichi, ... Japan had to loosen the definition. Fukushima now meets the government’s requirements because temperatures at the bottom of the three damaged reactor pressure vessels have dropped below 100 degrees Celsius (212 degrees Fahrenheit). Airborne leaks into the environment have also been almost halted. The declaration poses new questions for many of the 80,000 people who fled towns around the plant ... since the government had made the cold shutdown a precondition for even considering reopening parts of the no-go zone to residents. Many areas within the no-entry zone — a 12-mile radius around the plant — will be uninhabitable for decades, maybe longer.

Note: For further information on the claim of "cold shutdown" at Fukushima, click here and here.


Military given go-ahead to detain US terrorist suspects without trial
2011-12-15, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2011/dec/15/americans-face-guantanamo-detenti...

Barack Obama has abandoned a commitment to veto a new security law that allows the military to indefinitely detain without trial American terrorism suspects arrested on US soil who could then be shipped to Guantánamo Bay. Human rights groups accused the president of deserting his principles and disregarding the long-established principle that the military is not used in domestic policing. The legislation has also been strongly criticised by libertarians on the right angered at the stripping of individual rights for the duration of "a war that appears to have no end". The law ... effectively extends the battlefield in the "war on terror" to the US and applies the established principle that combatants in any war are subject to military detention. The law's critics describe it as a draconian piece of legislation that extends the reach of detention without trial to include US citizens arrested in their own country. "It's something so radical that it would have been considered crazy had it been pushed by the Bush administration," said Tom Malinowski of Human Rights Watch. "It establishes precisely the kind of system that the United States has consistently urged other countries not to adopt. At a time when the United States is urging Egypt, for example, to scrap its emergency law and military courts, this is not consistent."

Note: The implications of the passage of this bill to authorize the US military to carry out domestic arrest and imprisonment of US citizens have hardly been reported on by the major media. The defense authorization bill undermines protections established by the Bill of Rights and the Posse Comitatus Act against use of US military forces in domestic control and arrest. For further analysis of the implications of this legislation, click here and here.


Silicon Valley firms dodging taxes, report says
2011-12-15, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/14/MN9C1MCI25.DTL

Silicon Valley technology firms that are lobbying Congress to slash taxes on money they bring home from abroad, arguing that doing so would help them create millions of jobs, already send more than half that money back to the United States without paying taxes, according to a Senate investigation. The corporate tax code permits Google, Cisco, Apple, Adobe Systems, Oracle and other U.S. multinational corporations surveyed to invest nearly $250 billion in the United States without paying the 35 percent corporate tax rate that applies to repatriated foreign earnings, according to the report by the Senate's Permanent Subcommittee on Investigations. The corporations, which are not allowed to invest the money in their own companies, can escape the 35 percent tax if they invest in other domestic assets, such as stocks, bonds and bank deposits. Silicon Valley's technology giants have banded together with pharmaceutical companies and other multinationals in the Win America Coalition in an attempt to get Congress to cut their tax rate from 35 percent to just over 5 percent on overseas earnings they bring home. The survey data showed that Adobe, Apple, Broadcom, Cisco and Google have invested 76 to 100 percent of their foreign earnings in U.S. stocks, bonds, bank deposits and other domestic assets, a greater share than the other companies surveyed.

Note: For lots more on corporate and government corruption, click here and here.


Derivatives industry eyes UK Lehman appeal ruling
2011-12-14, Reuters News Agency
http://www.reuters.com/article/2011/12/14/britain-derivatives-idUSL6E7NE1YQ20...

Regulators and the world's $700 trillion derivatives industry are closely watching a legal battle that began in Britain ... and which will fuel a sea change in swaps payouts. Four cases, including one involving a unit of collapsed U.S. bank Lehman Brothers, are being presented in a five-day hearing at the UK Court of Appeal. All revolve around payouts under the derivatives industry's "master agreement", a framework contract. A bank that trades swaps with another bank typically has one master agreement which sets the terms for millions of transactions between them. The master agreement ... covers around 90 percent of off-exchange derivatives transactions. Under the agreement, Lehman's bankruptcy is considered a default. However, in the four cases before the court this week, the other party in the contracts elected not to terminate them because they would have had to pay out to the defunct bank.

Note: Like most reporting in the major media, this article trivializes the massive size of the derivatives market. $700 trillion is equivalent to $100,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis of just how crazy things have gotten and with some rays of hope by researcher David Wilcock, click here.


Person of the Year Introduction
2011-12-14, Time Magazine
http://www.time.com/time/specials/packages/article/0,28804,2101745_2102139_21...

No one could have known that when a Tunisian fruit vendor set himself on fire in a public square in a town barely on a map, he would spark protests that would bring down dictators in Tunisia, Egypt and Libya and rattle regimes in Syria, Yemen and Bahrain. Or that that spirit of dissent would spur Mexicans to rise up against the terror of drug cartels, Greeks to march against unaccountable leaders, Americans to occupy public spaces to protest income inequality, and Russians to marshal themselves against a corrupt autocracy. Protests have now occurred in countries whose populations total at least 3 billion people, and the word protest has appeared in newspapers and online exponentially more this past year than at any other time in history. Everywhere, it seems, people said they'd had enough. They dissented; they demanded; they did not despair, even when the answers came back in a cloud of tear gas or a hail of bullets. The root of the word democracy is demos, "the people," and the meaning of democracy is "the people rule." And they did, if not at the ballot box, then in the streets. Protest is in some ways the source code for democracy — and evidence of the lack of it. For steering the planet on a more democratic though sometimes more dangerous path for the 21st century, the Protester is TIME's 2011 Person of the Year.

Note: For a treasure trove of reports from major media sources that explain why protestors worldwide have been occupying their cities, click here.


Biggest Nuclear Breach Raises Alarm as France Debates Reactors
2011-12-14, Bloomberg/Businessweek
http://www.businessweek.com/news/2011-12-14/biggest-nuclear-breach-raises-ala...

Just after 6 a.m. on Dec. 5, under cover of darkness, nine Greenpeace activists cut through a fence at the Nogent-sur-Seine atomic plant 95 kilometers (59 miles) southeast of Paris and headed for a domed reactor building. They scaled the roof and unfurled a “Safe Nuclear Doesn’t Exist” banner before attracting the attention of security guards. Two remained at large for four hours. On the same day, two more campaigners breached the perimeter of the Cruas-Meysse plant on the Rhone, escaping detection for more than 14 hours while posting videos of their sit-in on the Internet. The security lapses ... come at a time when debate has intensified on France’s reliance on atomic power for three-quarters of its energy needs in the run-up to next year’s presidential elections. They also preempt next month’s release of the results of safety checks at France’s 58 reactors, commissioned in the aftermath of the Fukushima tragedy. Greenpeace said its activists exposed the biggest security lapse to date at the reactors that are operated by Electricite de France SA.

Note: For lots more on corporate and government corruption, click here and here.


Newburgh Four: poor, black, and jailed under FBI 'entrapment' tactics
2011-12-12, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2011/dec/12/newburgh-four-fbi-entrapment-terror

Imam Salahuddin Muhammad could hardly miss Shahed Hussain when he first appeared three years ago at his mosque in the dilapidated town of Newburgh, just 60 miles up the Hudson River from New York. Hussain was flash, drove expensive cars and treated people to gifts of cash and food. Hussain would make Newburgh's Muslim community famous when earlier this year four other black Newburgh Muslims were jailed for 25 years for a 2009 plot to fire a Stinger missile at US military planes. All four followed the instructions of Hussain, who meticulously organised the scheme: from getting the missile and bombs, to reconnaissance missions, to teaching the tenets of radical Islam. Hussain was a fake. In fact, Hussain worked for the FBI as an informant trawling mosques in hope of picking up radicals. Yet far from being active militants, the four men he attracted were impoverished individuals struggling with Newburgh's grim epidemic of crack, drug crime and poverty. Hussain offered the men huge financial inducements to carry out the plot – including $250,000 to one man – and free holidays and expensive cars. The Newburgh Four ... represent the most extreme form of a controversial FBI policy to use invented terrorist plots to lure targets. "There has been no case as egregious as this. It is unique in the incentive the government provided. A quarter million dollars?" said Professor Karen Greenberg, a terrorism expert at Fordham University.

Note: For a powerful BBC documentary showing clearly that much of the war on terror is a fabrication to forward a political agenda, watch Power of Nightmares at this link. For many reports from major media sources on the fake terror behind the "global war on terror", click here.


Protests Boost Sales and Fears of Sonic Blaster
2011-12-12, ABC News/Associated Press
http://abcnews.go.com/US/wireStory/protests-boost-sales-fears-sonic-blaster-1...

Rather than batons or rubber bullets, some police departments have started using an intense beam of sound to manage protesters, but the annoying tone has drawn criticism from some who say it can cause permanent damage. More U.S. police and emergency-response agencies are using the so-called Long-Range Acoustic Devices ... for crowd control. The leading manufacturer, LRAD Corp. of San Diego, said the product was developed as a nonlethal option for military use. Some people who have been on the receiving end call the devices "sound cannons." A woman is suing the city of Pittsburgh claiming the piercing tone from a police blaster during the 2009 G-20 summit permanently damaged her hearing. There were reports that New York City police used the punishing tone on protesters. The devices were developed for the U.S. Navy. They have also been used to deter pirates from attacking cruise ships. The products range from a 15-pound, battery-operated, hand-held unit to a 320-pound device with a range of nearly 2 miles. Even the smallest unit, the LRAD 100X, emits as much as 137 decibels at 1 meter, which is louder than a jet takeoff at 100 meters.

Note: For key reports from reliable sources on so-called "non-lethal" weapons, click here.


Police employ Predator drone spy planes on home front
2011-12-10, Los Angeles Times
http://www.latimes.com/news/nationworld/nation/la-na-drone-arrest-20111211,0,...

Armed with a search warrant, Nelson County Sheriff Kelly Janke went looking for six missing cows on the Brossart family farm in [eastern North Dakota]. He called in reinforcements from the state Highway Patrol, a regional SWAT team, a bomb squad, ambulances and deputy sheriffs from three other counties. He also called in a Predator B drone. Sophisticated sensors under the nose helped pinpoint the three suspects and showed they were unarmed. Police rushed in and made the first known arrests of U.S. citizens with help from a Predator, the spy drone that has helped revolutionize modern warfare. But that was just the start. Local police say they have used two unarmed Predators based at Grand Forks Air Force Base to fly at least two dozen surveillance flights since June. The FBI and Drug Enforcement Administration have used Predators for other domestic investigations, officials said. The drones belong to U.S. Customs and Border Protection, which operates eight Predators on the country's northern and southwestern borders to search for illegal immigrants and smugglers. The previously unreported use of its drones to assist local, state and federal law enforcement has occurred without any public acknowledgment or debate.

Note: "Looking for six cows," the Sheriff called in "a regional SWAT team, a bomb squad, ambulances and deputy sheriffs from three other counties. He also called in a Predator B drone." Does that sound like a reasonable response to the problem of missing cows? Or could there be an agenda to establish aerial surveillance by drones as the norm in the US?


Critics: 'Tough' Sheriff Botched Sex-Crime Cases
2011-12-04, ABC News/Associated Press
http://abcnews.go.com/US/wireStory/critics-tough-sheriff-botched-sex-crime-ca...

More than 400 sex-crimes reported to Maricopa County Sheriff Joe Arpaio's office during a three-year period ending in 2007 — including dozens of alleged child molestations — ... were inadequately investigated and in some instances were not worked at all, according to current and former police officers familiar with the cases. Many of the victims, said a retired El Mirage police official who reviewed the files, were children of illegal immigrants. The botched sex-crimes investigations have served as an embarrassment to a department whose sheriff is the self-described "America's Toughest Sheriff" and a national hero to conservatives on the immigration issue. Bill Louis, then-assistant El Mirage police chief who reviewed the files after the sheriff's contract ended, believes the decision to ignore the cases was made deliberately by supervisors in Arpaio's office — and not by individual investigators. "I know the investigators. I just cannot believe they would wholesale discount these cases. No way," Louis said. "The direction had to come (from) up the food chain." Louis said he believes whoever made the decision knew that illegal immigrants — who are often transient and fear the police — were unlikely to complain about the quality of investigations.

Note: For powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government, click here.


OCC’s Quarterly Report on Bank Trading and Derivatives Activities: Third Quarter 2011
2011-12-01, OCC (U.S. Office of the Comptroller of the Currency, Administrator of National Banks)
http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivativ...

The OCC’s quarterly report on trading revenues and bank derivatives activities is based on Call Report information provided by all insured U.S. commercial banks and trust companies, reports filed by U.S. financial holding companies, and other published data. The notional amount of derivatives held by insured U.S. commercial banks decreased $1.4 trillion, or 0.6%, from the second quarter of 2011 to $248 trillion. Notional derivatives are 5.7% higher than at the same time last year. Derivatives activity in the U.S. banking system continues to be dominated by a small group of large financial institutions. The five banks with the most derivatives activity hold 96% of all derivatives. Insured commercial banks have more limited legal authorities than do their holding companies.

Note: Graphs in this OCC report (pg. 25 & 26) show that five U.S. banks, JPMorgan Chase, Citibank, BofA, Goldman Sachs, and Morgan Stanley, hold $235 of the $248 trillion above, while their holding companies control an additional $311 of the $326 trillion in derivatives held by holding companies. So these five banks and their holding companies combined hold $546 trillion in derivatives, 95% of the U.S. derivatives market, nearly 80% of the global market, and equivalent to over $75,000 for every person on the planet. If the above link fails, click here. For quarterly derivative reports by the OCC going back to 1995, click here.


Reactor Core Melted Fully, Japan Says
2011-12-01, Wall Street Journal
http://online.wsj.com/article/SB10001424052970204262304577069302835999204.html

Japan's tsunami-stricken nuclear-power complex came closer to a catastrophic meltdown than previously indicated by its operator [which on November 30] described how one reactor's molten nuclear core likely burned through its primary containment chamber and then ate as far as three-quarters of the way through the concrete in a secondary vessel. The [new] assessment—offered by Japan's government and Tokyo Electric Power Co., ... marked Japan's most sobering reckoning to date of the nuclear disaster sparked by the country's March 11 earthquake and tsunami. But it came nearly six months after U.S. and international nuclear experts and regulators had reached similar conclusions. For the first time, Tokyo Electric ... said that nuclear-fuel rods in the complex's No. 1 reactor had likely melted completely, burning through their so-called pressure vessel and then boring through concrete at the bottom of a second containment vessel. That brought the fuel closer than previously believed to breaching the containment vessel and foundation and continuing to burn through the ground below — a scenario sometimes described as the "China Syndrome." The findings are the latest reminder of how much remains unknown about the extent of the mid-March Fukushima Daiichi accident.

Note: For further information on the developing understanding of the severity of the meltdowns at Fukushima, see these reports at The Guardian and The New York Times. For key reports from major media sources on corporate and government corruption, click here and here.


Can Congress Steal Your Constitutional Freedoms?
2011-12-01, Fox News
http://www.foxnews.com/opinion/2011/12/01/can-congress-steal-your-constitutio...

Can the president use the military to arrest anyone he wants, keep that person away from a judge and jury, and lock him up for as long as he wants? In the Senate’s dark and terrifying vision of the Constitution, he can. Last week ... the Senate Armed Services Committee decided to meet in secret. Behind closed doors, it drafted an amendment to a bill appropriating money for the Pentagon. The amendment would permit the president to use the military for law enforcement purposes in the United States. Essentially, this legislation would enable the president to divert from the criminal justice system, and thus to divert from the protections of the Constitution, any person he pleases. And that person, under this terrifying bill, would have no recourse to a judge to require the president either to file charges against him or to set him free. The Fifth Amendment to the Constitution says, “No person shall be … deprived of life, liberty, or property, without due process of law.” Note, the Founders used the word “person.” Thus, the requirement of due process must be accorded to all human beings held by the government -- not just Americans, not just nice people, but all persons. If this legislation becomes law, it will be dangerous for anyone to be right when the government is wrong. It will be dangerous for all of us. Just consider what any president could get away with. Who would he make disappear first? Might it be his political opponents? Might it be you?

Note: The author of this op-ed, Andrew P. Napolitano, is a former judge of the Superior Court of New Jersey. His most recent book is It Is Dangerous to Be Right When the Government Is Wrong: The Case for Personal Freedom.


New Study Shows U.S. Government Fails to Oversee Treatment of Foster Children With Mind-Altering Drugs
2011-11-30, ABC News
http://abcnews.go.com/US/study-shows-foster-children-high-rates-prescription-...

The federal government has not done enough to oversee the treatment of America's foster children with powerful mind-altering drugs, according to a Government Accountability Office (GAO) report. The GAO's report, based on a two-year-long investigation, looked at five states - Florida, Massachusetts, Michigan, Oregon and Texas. Thousands of foster children were being prescribed psychiatric medications at doses higher than the maximum levels approved by the Food and Drug Administration (FDA) in these five states alone. And hundreds of foster children received five or more psychiatric drugs at the same time despite absolutely no evidence supporting the simultaneous use or safety of this. Overall, the GAO ... found that more than one-fourth of foster children were prescribed at least one psychiatric drug, [and] were prescribed psychotropic drugs at rates up to nearly five times higher than non-foster children. The chances of a foster child compared to a non-foster child being given five or more psychiatric drugs at the same time were alarming. In Texas, foster children were 53 times more likely to be prescribed five or more psychiatric medications at the same time than non-foster children. Foster children were also more than nine times more likely than non-foster children to be prescribed drugs for which there was no FDA-recommended dose for their age. For ... those less than 1 year old, foster children were nearly twice as likely to be prescribed a psychiatric drug compared to non-foster children.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.


U.S. Settles Suit Over Anthrax Attacks
2011-11-30, New York Times
http://www.nytimes.com/2011/11/30/us/anthrax-victims-family-to-receive-2-5-mi...

The federal government has agreed to pay $2.5 million to the widow and children of the first person killed in the anthrax letter attacks of 2001, settling a lawsuit claiming that the Army did not adequately secure its supply of the deadly pathogen. The settlement with the family of Robert Stevens, a tabloid photo editor in Florida, follows an eight-year legal battle that exposed slack rules and sloppy recordkeeping at the Armys biodefense laboratory at Fort Detrick, in Frederick, Md. As part of the agreement, Justice Department lawyers are seeking to have many documents that were uncovered in the litigation kept under court seal or destroyed. Mr. Stevenss widow, Maureen, filed suit against the government in 2003, as evidence accumulated that the anthrax powder in the lethal letters had come from an Army laboratory. Mr. Stevens, 62, died on Oct. 5, 2001, days after inhaling anthrax powder at work.

Note: Why would the government want these documents destroyed? Remember that these attacks, which happened within weeks of the 9/11 attacks, were at first attributed to terrorists. Now it is fully acknowledged they were the responsibility of someone in government. Hmmmmm.


Declassified Memo Hinted of 1941 Hawaii Attack
2011-11-29, US News and World Report
https://www.usnews.com/news/blogs/washington-whispers/2011/11/29/declassified...

Three days before the Dec. 7, 1941 Japanese attack on Pearl Harbor, President Roosevelt was warned in a memo from naval intelligence that Tokyo's military and spy network was focused on Hawaii. In the newly revealed 20-page memo from FDR's declassified FBI file, the Office of Naval Intelligence on December 4 warned, "In anticipation of open conflict with this country, Japan is vigorously utilizing every available agency to secure military, naval and commercial information, paying particular attention to the West Coast, the Panama Canal and the Territory of Hawaii." The memo, published in the new book December 1941: 31 Days that Changed America and Saved the World went on to say that the Japanese were collecting "detailed technical information" that would be specifically used by its navy. To collect and analyze information, they were building a network of spies through their U.S. embassies and consulates. Historian and acclaimed Reagan biographer Craig Shirley, author of the just released December 1941, doesn't blame FDR for blowing it, but instead [said] that it "does suggest that there were more pieces to the puzzle" that the administration missed. He compares the missed signals leading up to Japan's attack to 9/11, which government investigations also show that the Clinton and Bush administrations missed clear signals that an attack was coming. "So many mistakes through so many levels of Washington," said Shirley. "Some things never change."

Note: Explore powerful evidence that US president Franklin Roosevelt was baiting Japan into an attack on Pearl Harbor. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.


How Paulson Gave Hedge Funds Advance Word of Fannie Rescue
2011-11-29, Bloomberg/Businessweek
http://news.businessweek.com/article.asp?documentKey=1376-LVDZC507SXKX01-21E0...

Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Amid tumbling home prices and near-record foreclosures, attention was focused on a new source of contagion: Fannie Mae and Freddie Mac, which together had more than $5 trillion in mortgage-backed securities and other debt outstanding. Around the conference room table were a dozen or so hedge-fund managers and other Wall Street executives -- at least five of them alumni of Goldman Sachs Group Inc., of which Paulson was chief executive officer and chairman from 1999 to 2006. After a perfunctory discussion of the market turmoil ... the discussion turned to Fannie Mae and Freddie Mac. The secretary [desribed] a possible scenario for placing Fannie and Freddie into “conservatorship” -- a government seizure designed to allow the firms to continue operations despite heavy losses in the mortgage markets. Paulson explained that under this scenario, the common stock of the two government-sponsored enterprises, or GSEs, would be effectively wiped out. So too would the various classes of preferred stock, he said ... leaving little doubt that the Treasury Department would carry out the plan. The managers attending the meeting were thus given a choice opportunity to trade on that information.

Note: For a treasure trove of reports from reliable sources on corruption and collusion between government officials and the largest financial firms, click here.


Senate rejects effort to strip detainee provision
2011-11-29, Boston Globe/Associated Press
http://articles.boston.com/2011-11-29/news/30455506_1_defense-bill-military-c...

The Senate on Tuesday rejected an effort to strip divisive provisions from a defense bill that deal with the capture and handling of suspected terrorists. “The provisions would dramatically change broad counterterrorism efforts by requiring law enforcement officials to step aside and ask the Department of Defense to take on a new role they are not fully equipped for and do not want,’’ said Sen. Mark Udall, D-Colo., who added that the legislation would make the military “police, judge and jailer.’’ His amendment would have taken out the sections on detainees and instead called for congressional hearings with Pentagon and administration officials on the issue. The bill would require military custody of a suspect deemed to be a member of al-Qaida or its affiliates. The vote came shortly after the weekly Republican and Democratic policy luncheons. A guest at the Republican session was former Vice President Dick Cheney, an advocate for harsh interrogation tactics against suspected U.S. enemies during his two terms in office. Defense Secretary Leon Panetta and FBI Director Robert Mueller have spelled out their opposition in letters to lawmakers. Mueller said Monday that because the legislation applies to people detained in the United States, it could disrupt ongoing international terrorism investigations.

Note: The implications of the Senate's vote to authorize the US military to carry out domestic arrest and imprisonment of US citizens have hardly been reported on by the major media. The defense authorization bill passed by the Senate undermines protections established by the Bill of Rights and the Posse Comitatus Act against use of US military forces in domestic control and arrest. The ACLU has issued an analysis; for further analysis of the implications of this legislation, click here and here.


Congress, legislate thyself on insider trading
2011-11-28, San Francisco Chronicle (San Francisco's leading newspaper)
http://articles.sfgate.com/2011-11-28/opinion/30453157_1_insider-trading-laws...

It ought to be illegal for members of Congress to buy and sell based on inside information ... but it is not illegal because Congress has exempted itself from insider-trading laws. In 2006, when Rep. Louise Slaughter, D-N.Y., introduced the Stop Trading on Congressional Knowledge - or STOCK - Act to prohibit members of Congress and their staff from trading stocks based on nonpublic information, her bill attracted only 14 co-sponsors. Peter Schweizer, a fellow at Stanford's Hoover Institution, believes that some in Congress see the public trust as a "venture opportunity" that allows them to leverage information not available to the general public. Slaughter's STOCK Act would not stop members or staffers from dabbling in the markets. The legislation, however, would make Capitol Hill insiders subject to prosecution if they buy or sell securities based on nonpublic information. It also would cut into K Street's latest boutique business practice - "political intelligence" - that allows lobbyists to gather inside financial information which they can give to hedge-fund clients.

Note: Congress exempts itself from all kinds of laws which apply to the remainder of US citizens. If you don't believe this, read the Time magazine article at this link. It's time for a change.


Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress
2011-11-27, Bloomberg/Businessweek
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-cong...

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates. Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse. Details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger. “When you see the dollars the banks got, it’s hard to make the case these were successful institutions,” says Sherrod Brown, a Democratic Senator from Ohio who in 2010 introduced an unsuccessful bill to limit bank size. “This is an issue that can unite the Tea Party and Occupy Wall Street.”

Note: For a treasure trove of reports from reliable sources on corruption and collusion between government officials and the largest financial firms, click here.


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