Government 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.

Residues of many types of insecticides, fungicides and weed killing chemicals have been found in roughly 85 percent of thousands of foods tested. Data released ... by the U.S. Department of Agriculture shows varying levels of pesticide residues in everything from mushrooms to potatoes and grapes to green beans. One sample of strawberries contained residues of 20 pesticides. Notably, the agency said only 15 percent of the 10,187 samples tested were free from any detectable pesticide residues. That’s a marked difference from 2014, when the USDA found that over 41 percent of samples were “clean” or showed no detectable pesticide residues. Prior years also showed roughly 40-50 percent of samples as free of detectable residues. Absent from the USDA data was any information on glyphosate residues, even though glyphosate has long been the most widely used herbicide in the world. The Food and Drug Administration also annually samples foods for residues of pesticides. The most recent public residue report issued by the FDA shows that violation rates for pesticide residues have been climbing in recent years.

Note: For more, see this mercola.com article. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

Norwegian police say they [are] investigating a pedophile network suspected to involve at least 51 people, which includes the abuse of infants and at least one case of a suspect acknowledging abusing his own children. Deputy Police Chief Gunnar Floystad says that in Norway's largest abuse case to date they have arrested 20 men so far, with three convictions, in western Norway. The 31 other suspects are from other regions in Norway. Floystad told reporters Sunday that many of the suspects are highly educated, and include lawyers and politicians. He said he could not reveal more details pending the conclusion of the investigation, known as "Dark Room," which began in 2015. Prosecutors said the perpetrators met in the dark web, using encryption and anonymity to hide their tracks.

Note: Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

A UK-based charity has warned that British tourists and expats in Dubai and across the United Arab Emirates (UAE) should not report incidents of rape after a woman who was allegedly gang raped was arrested and charged with “extramarital sex”. Detained in Dubai, an organisation that assists people who have become victims of injustice in the UAE, has warned against reporting rape or other crimes in the country because of the “manipulation when it comes to criminal accusations” and the “racist” preconceptions held against Western tourists. Radha Stirling, founder of the charity, said that following the recent case – as well as a number of other shocking incidents in recent years where rape victims have been detained in the UAE – she advises British tourists not to report crime. The latest case involves the arrest of a 25-year-old woman who was on holiday in Dubai in October when she was allegedly attacked by two British men, who allegedly befriended her and lured her to their hotel room before pinning her down and raping her while recording it on a phone. When the woman reported the rape at a police station, she was arrested for breaking Emirati laws against extramarital sex, while her attackers have since flown home to the UK. Her passport has reportedly been confiscated and she is prohibited from leaving the country. The prescribed punishments for extramarital sex in the UAE include imprisonment, deportation, floggings and stoning.

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

Hundreds of activists gathered to block construction of the Dakota Access pipeline on Thursday. Police with tanks and riot gear surrounded them and began making mass arrests. One officer on the loudspeaker warned the demonstrators not to shoot “bows and arrows”. For some Native American activists, the officer’s comment was the latest sign that a highly militarized police force has little understanding of indigenous culture. The notion that the criminal justice system is biased against Native American protesters came into sharp view hours later, when a jury in Portland, Oregon, issued a verdict of not guilty for white militia leaders who staged an armed occupation of federal land to protest government policies. The fact that protesters with guns were acquitted on the same day police arrested 141 “water protectors”, who have often relied on indigenous songs and prayers to convey their message, sparked a firestorm on social media. At the Standing Rock camps in North Dakota, where the fight against the $3.8bn oil pipeline is escalating ... Native Americans said the Oregon verdict was an infuriating and painful reminder that the law treats them differently – and that the odds are stacked against them in their ... battle to save their land. The ultra-conservative activists who seized the Malheur refuge were fighting against environmental restrictions aimed at protecting ... public lands. In North Dakota, the Native American-led movement is grounded in the idea that the land is sacred and must be preserved.

Note: For more on this under-reported movement, see this Los Angeles Times article and this article in the UK's Guardian. For more, see concise summaries of deeply revealing news articles on government corruption and the erosion of civil liberties.

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

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

Yahoo has been accused of secretly building a customised software programme to search all of its customers’ incoming emails for specific information provided by US intelligence officials. The company complied with a classified US government directive, scanning hundreds of millions of Yahoo Mail accounts at the behest of the National Security Agency or FBI. Reuters said that a number of surveillance experts said this represented the first case to surface of a US Internet company agreeing to a spy agency’s demand by searching all arriving messages, as opposed to examining stored messages or scanning a small number of accounts in real time. The agency also said it was unable to determine what data the company had handed over, and if the intelligence officials had approached other email providers besides Yahoo. US phone and Internet companies are known to have handed over bulk customer data to intelligence agencies. But some former government officials and private surveillance experts said they had not previously seen either such a broad directive for real-time Web collection or one that required the creation of a new computer program. “I’ve never seen that, a wiretap in real time on a ‘selector’,” said Albert Gidari, a lawyer who represented phone and Internet companies on surveillance. A selector refers to a type of search term used to zero in on specific information. He added: “It would be really difficult for a provider to do that.”

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

Does free college threaten our all-volunteer military? That is what Benjamin Luxenberg, on the military blog War on the Rocks says. Unlike nearly every other developed country, which offer free or low cost higher education ... in America you need money to go to college. Right now there are only a handful of paths to higher education in America: have well-to-do parents; be low-income and smart to qualify for financial aid, take on crippling debt, or ... join the military. Overall, 75 percent of those who enlisted or who sought an officer’s commission said they did so to obtain educational benefits. And in that vein, Luxenberg raises the question: If college was cheaper, would they still enlist? It is a practical question worth asking, but raises more serious issues. Do tuition costs need to stay high to help keep the ranks filled? Does unequal access to college help sustain our national defense? A single F-35 fighter plane costs $178 million. Dropping just one plane from inventory generates 3,358 years of college money. We could pass on buying a handful of the planes, and a lot of people who now find college out of reach could go to school. The defense budget is some $607 billion, already the world’s largest by far. The cost of providing broader access to higher education would be a tiny fraction of that amount, far below any threshold where a danger to America’s defense could be reasonably argued.

Note: The Pentagon is the only segment of US government that doesn't balance its books, and Pentagon auditors are heavily pressured to look the other way on blatant corruption. For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.

Immediately after the 9/11 attack, while bodies were still buried in the rubble, George W. Bush demanded from Congress the legal authorization to use military force against those responsible for the attack. The resulting resolution that was immediately cooked up was both vague and broad. Despite this broadness, or because of it, the House of Representatives on September 14 approved the resolution by a vote of 420-1. The lone dissenting vote was Democratic Rep. Barbara Lee of California, who ... not only voted “no” but stood up on the House floor to deliver [an] eloquent, unflinching and, as it turns out, extremely prescient explanation for her opposition. She [pointed] out that the resolution “was a blank check to the president to attack anyone involved in the Sept. 11 events - anywhere, in any country, without regard to our nation’s long-term foreign policy, economic and national security interests, and without time limit.” She added: “A rush to launch precipitous military counterattacks runs too great a risk that more innocent men, women, children will be killed.” For her lone stance, Lee was deluged with rancid insults and death threats. She was vilified as “anti-American”. Since then, she has been repeatedly rejected in her bids to join the House Democratic leadership, typically losing to candidates close to Wall Street and in support of militarism. But beyond the obvious bravery needed to take the stand she took, she has been completely vindicated on the merits. It’s impossible to overstate how correct Lee was.

Note: For more on Rep. Lee's efforts to stop giving the US president dictatorial power over waging war, see this Los Angeles Times article. For more along these lines, see concise summaries of deeply revealing 9/11 news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our 9/11 Information Center.

On Sunday morning, the South Carolina honey bees began to die in massive numbers. The dead worker bees littering the farms suggested ... acute pesticide poisoning. By one estimate, at a single apiary - Flowertown Bee Farm and Supply, in Summerville - 46 hives died on the spot, totaling about 2.5 million bees. Walking through the farm, one Summerville woman wrote ... was “like visiting a cemetery, pure sadness.” To the bee farmers, the reason is ... clear. Their bees had been poisoned by Dorchester’s own insecticide efforts, casualties in the war on disease-carrying mosquitoes. On Sunday morning, parts of Dorchester County were sprayed with Naled, a common insecticide that kills mosquitoes on contact. An airplane dispensed Naled in a fine mist, raining insect death from above. The county says it provided plenty of warning, spreading word about the pesticide plane via a newspaper announcement. Local beekeepers felt differently. “Had I known, I would have been camping on the steps doing whatever I had to do screaming, ‘No you can’t do this,'” beekeeper Juanita Stanley said in an interview. Stanley [said] that the bees are her income, but she is more devastated by the loss of the bees than her honey. The county acknowledged the bee deaths Tuesday. “Dorchester County is aware that some beekeepers in the area that was sprayed on Sunday lost their beehives,” Jason Ward, county administrator, said in a news release. As for the dead bees, as Stanley told the AP, her farm “looks like it’s been nuked.”

Note: The threats posed by the Zika virus appear greatly exaggerated. Explore other zika virus news articles suggesting this is largely fear mongering to bring more profits to corporations involved in creating vaccines and more.

As the United States and its allies continue their bombing campaign against the Islamic State in Iraq and Syria, many more noncombatants are perishing than they seem prepared to admit. Airwars, the organization I lead, at present estimates that at least 1,500 civilians have been killed by the United States-led coalition. Similar or higher tallies are reported by other monitoring groups, like Iraq Body Count and the Syrian Observatory for Human Rights. But coalition officials have publicly admitted just 55 deaths. It may just be a matter of looking. Our policy is not to go out and seek allegations of civilian casualties, a senior official from United States Central Command, or Centcom, which oversees the bombing campaign, told me recently when I asked about the discrepancy between reports of noncombatant deaths and official investigations. It took about 15 months into the war for any admission of civilian deaths in Iraq - despite thousands of airstrikes and more than 130 reported incidents. An average of 173 days still passes between a civilian casualty in Iraq or Syria and any public admission of responsibility. The Pentagon is not alone in its accounting failures. Russia still denies the more than 2,000 deaths it has most likely caused in Syria, while all 12 of the United States coalition partners insist they have killed only bad guys. This then is a systemic problem, one that suggests militaries are at present unfit - or unwilling - to count the dead accurately from above.

Note: The above was written by Chris Woods, author of Sudden Justice: Americas Secret Drone Wars. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.

The Merchant Marine Academy has the highest rate of sexual assault and harassment of any U.S. military school. While the school received just one report of sexual assault in the 2014-2015 academic year, student surveys taken by the government reveal that 63 percent of women and 11 percent of men experienced unwanted advances or other sexual harassment. And 17 percent of women and 2 percent of men endured some kind of sexual assault, defined as unwanted contact, from groping to rape. Those numbers exceed the combined rates at the U.S. Military Academy at West Point and the Naval, Air Force and Coast Guard academies, where 48 percent of women and 10 percent of men described sexual harassment in similar surveys. Under pressure from Congress, Kings Point hired its first sexual assault coordinator four years ago and beefed up online and face-to-face prevention training. But officials were shocked to find so few victims reporting when surveys told them otherwise. The Middle States Commission on Higher Education - which does 10-year accreditation reviews for the U.S. Education Department - placed the Merchant Marine Academy on warning in June. The commission described a “campus climate and incidence of sexual harassment and sexual assault that have been a serious and recognized problem for over 10 years. The report [criticized] the academy’s efforts to prevent misconduct as “insufficient and ineffective.”

Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals and military corruption.

When Ebony Buggs followed the noise of commotion to a vacant unit below her apartment on Chicago’s West Side, she found a group of men beating teens from the neighborhood. One man grabbed her and punched her in the face, according to Buggs, now 26. Buggs’ mother, seeing her daughter lying on the ground, threatened to call the police. “We are the police,” one of the men responded, as he grabbed her phone and threw it. The man who Buggs alleges beat her is Edwin Utreras. He was part of a group of five officers that city residents dubbed the “Skullcap Crew”, who patrolled the city’s South Side public housing communities until they were torn down. The members of this crew – Edwin Utreras, Robert Stegmiller, Christ Savickas, Andrew Schoeff and Joe Seinitz – have together faced at least 128 known official allegations from more than 60 citizen-filed complaints over almost a decade and a half. They have also been named in more than 20 federal lawsuits. Yet over the course of their careers, these officers have received little discipline. Instead, they have won praise from the department, accruing more than 180 commendations. All of them remain on the force except Seinitz, who resigned in 2007. The Citizens Police Data Project, a repository of more than 56,000 official complaints against police, has found that less than 3% of Chicago police misconduct complaints lead to disciplinary action.

Note: Another gang of Chicago police was recently reported to have run a drug dealing and extortion ring with the tacit support of their fellow officers. For more along these lines, see concise summaries of deeply revealing police corruption news articles from reliable major media sources.

The president of the Australian Human Rights Commission, Gillian Triggs, has called for an inquiry into juvenile detention after the ABC aired harrowing footage of apparent abuses of young people in custody in the Northern Territory. The program also prompted the leader of the NT, Adam Giles, to pledge he would seek advice on establishing a royal commission. The ABC's Four Corners program on Monday night aired footage of a 17-year-old boy, one of six boys tear-gassed at a juvenile detention centre near Darwin, being hooded and strapped to a mechanical restraint chair. The footage is part of a catalogue of evidence obtained by Four Corners of the repeated assault and mistreatment of boys at youth detention centres in the Northern Territory. Amnesty International has described the abuses carried out against children as shown in the Four Corners program as a violation of both the UN Convention on the Rights of the Child and the Convention Against Torture. Julian Cleary, Indigenous rights campaigner at Amnesty International Australia, called for an end to the systemic abuse of children in youth detention. "To see a crying, distressed child seized by his neck, forced to the ground, manhandled, stripped naked by three grown men and left naked in a cell is just sickening," he said. "The footage of guards laughing at a child being tear-gassed and in distress defies belief." The NT has the highest rate of youth detention in Australia, and 95 per cent of detainees are Aboriginal.

Note: Unlike the US, Australia has signed and ratified The United Nations Convention on the Rights of the Child. A follow-up article suggests that the UN may take action on prison system corruption in Australia.

Secret FBI rules allow agents to obtain journalists’ phone records with approval from two internal officials - far less oversight than under normal judicial procedures. The classified rules ... govern the FBI’s use of national security letters, which allow the bureau to obtain information about journalists’ calls without going to a judge or informing the news organization being targeted. Obtaining a journalist’s records with a national security letter (or NSL) requires the signoff of the FBI’s general counsel and the executive assistant director of the bureau’s National Security Branch. The Obama administration has come under criticism for bringing a record number of leak prosecutions and aggressively targeting journalists in the process. In 2013, after it came out that the Justice Department had secretly seized records from phone lines at the Associated Press and surveilled ... reporter James Rosen, then-Attorney General Eric Holder tightened the rules. The FBI could not label reporters as co-conspirators in order to try to identify their sources - as had happened with Rosen - and it became more difficult to get journalists’ phone records without notifying the news organization first. Yet these changes did not apply to NSLs. Those are governed by a separate set of rules. The FBI issues thousands of NSLs each year, including nearly 13,000 in 2015. Over the years, a series of Inspector General reports found significant problems with their use, yet the FBI is currently pushing to expand the types of information it can demand with an NSL.

Note: The aggressive pursuit of leaks and journalists that report them led BBC to recently ask: "Is the US government at war with whistleblowers?" Read more about the FBI's use of secret National Security Letters. For more along these lines, see concise summaries of deeply revealing news articles on media manipulation and the disappearance of privacy.

In 2009, I was living in Tel Aviv during Operation Cast Lead. During that offensive, Israel killed about 1,400 Palestinians in Gaza. To take concrete action to bring about freedom and full rights for Palestinians ... I embraced the Boycott, Divestment, and Sanctions movement. The non-violent effort, started in 2005 by a broad coalition of Palestinian civil society organizations, is a call for solidarity from the international community until Israel complies with international law and ends its violations of Palestinian rights. It’s hard going though. Seven years later, there have been two more horrific assaults on Gaza. During this time there have been attacks on Israeli civilians too. These are a horrifying symptom of ongoing occupation and repression, as Tel Aviv Mayor Ron Huldai pointed out after a recent attack in Tel Aviv killed four Jewish Israelis. BDS is a powerful way to encourage the state to act. But our efforts have been threatened here in the United States by a nationally coordinated, well-funded strategy financed by the Israeli government and advocacy organizations. Over the last year, 22 states have introduced or passed anti-BDS legislation. Many of these measures make it illegal for states to do business with companies that support BDS. New York Gov. Andrew Cuomo (D) has escalated that strategy with a draconian executive order that would create a blacklist of companies and organizations that choose not to invest in Israel or that advocate for BDS.

Note: Read an Israeli soldier's account of following orders to methodically kill women and children in Israel's 2009 Gaza offensive. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

Say the name Bernie Madoff, and chances are everyone will immediately remember the Ponzi scheme that bilked investors of $64 billion. What likely won’t spring to mind is JPMorgan Chase’s role in the more than decadelong fraud. And the link is all the more egregious, Helen Davis Chaitman, an attorney who represents 1,600 of Madoff’s victims, and Lance Gotthoffer write in “JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook,” because the federal government has failed to prosecute any of the bankers involved. Madoff trustee Irving Picard laid out JPMorgan’s involvement in a complaint, which was turned into a list of stipulations the government entered as part of a deferred prosecution agreement with JPMorgan. The stipulations outline two violations of the Bank Secrecy Act, under which banks are responsible for alerting authorities to suspected illegal activity by customers. JPMorgan, the world’s sixth-largest bank by total assets, pleaded ignorance of wrongdoing but accepted the stipulations and paid a $1.7 billion fine. [When] Madoff began kiting checks ... Bankers Trust Co. spotted the illegal activity and closed Madoff’s account. That’s when Madoff moved his business to JPMorgan, depositing $150 billion from 1986 through 2008. JPMorgan handled only Madoff’s illegal investment advisory business, not the successful stock trading business that employed 190 of Madoff’s 200 employees. And though the bank was prosecuted, none of the bankers involved with Madoff’s account were.

Note: JP Morgan Chase's role in the Madoff scandal is outrageous, but it is relatively minor in comparison to the massive securities fraud and cover-up perpetrated by this and other corrupt financial institutions.

Hidden microphones that are part of a clandestine government surveillance program that has been operating around the Bay Area has been exposed. Imagine standing at a bus stop, talking to your friend and having your conversation recorded without you knowing. It happens all the time, and the FBI doesn’t even need a warrant to do it. Jeff Harp, a ... security analyst and former FBI special agent said, “They put microphones under rocks, they put microphones in trees, they plant microphones in equipment. I mean, there’s microphones that are planted in places that people don’t think about, because that’s the intent!” FBI agents hid microphones inside light fixtures and at a bus stop outside the Oakland Courthouse without a warrant to record conversations, between March 2010 and January 2011. Federal authorities are trying to prove real estate investors in San Mateo and Alameda counties are guilty of bid rigging and fraud and used these recordings as evidence. The lawyer for one of the accused real estate investors who will ask the judge to throw out the recordings, told KPIX 5 News that, “Speaking in a public place does not mean that the individual has no reasonable expectation of privacy … private communication in a public place qualifies as a protected ‘oral communication.'”

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

Microsoft filed a landmark lawsuit against the U.S. Department of Justice on Thursday. The company accuses the federal government of adopting a widespread, unconstitutional policy of looking through Microsoft customers' data - and forcing the company to keep quiet about it. Over the past 18 months, federal judges have approved 2,600 secret searches of Microsoft customers. In two-thirds of those cases, Microsoft can't even notify their customers that they've been searched - ever - because there's no expiration date on these judicial orders. At issue here is the 1986 Electronic Communications Privacy Act, which creates a double standard when it comes to a person's right to know when police are rummaging through their stuff. "People do not give up their rights when they move their private information from physical storage to the cloud," Microsoft says in its lawsuit. "The government, however, has exploited the transition to cloud computing as a means of expanding its power to conduct secret investigations." In its lawsuit, Microsoft claims that federal agents have been violating the company's First Amendment right to speak to its own customers, as well as their customers' Fourth Amendment right to know when they're being searched. This lawsuit also notes the odd, modern distinction that the government makes between searching your computer and searching your information on a company's computer. Law enforcement agents often remain covert when they dig through information stored on company data backup services.

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

Bechtel - a behemoth among closely held companies - has been the world’s builder, benefiting from vast government contracts for engineering and infrastructure work in difficult places while it nurtured relationships with power brokers in Washington. In The Profiteers, journalist Sally Denton seeks to unravel the history of Bechtel. Her story is one of “how a dynastic line of rulers from the same American family conducts its business” and how its system of networking now pervades US capitalism. Anecdotes of Bohemian Grove, the secretive retreat that became an all-male “summer camp” for US corporate, political and military elites to toast marshmallows, skinny-dip in the river north of San Francisco and dress in drag for skits, elucidate the chummy nature of big business. As of 2014, [Bechtel's] reported revenue was $37bn, with projects and employees in 37 countries. The corporation’s embrace of Saudi Arabia as a lucrative client and its decades-long and contorted experience in Iraq also makes sense of some aspects of US foreign policy - as well as its intelligence-gathering operations. The life and times of John McCone, a former Bechtel executive who later served as CIA director in the US administrations of Presidents Kennedy and Johnson, is chronicled deftly here. It is worth noting: McCone was and is critical to Bechtel’s dominance today. He devised the idea of “cost-plus contracts” for the toughest jobs sought by government. Contractors are guaranteed a profit in such deals.

Note: Bechtel was at the center of a major Iraqi reconstruction scandal in 2007. More recently, major defense contractors have been publicly congratulating themselves for steering US policy towards militarism. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police. Ranking representatives Maxine Waters of the House Financial Services Committee and Al Green of the Subcommittee on Oversight and Investigations asked the Government Accountability Office on Oct. 8 to launch the "evaluation of regulatory capture" and to focus on the New York Fed. The GAO said it has begun planning its approach. The probe, which had not been previously reported or made public, is the first by an outside agency into the perception that government regulators are "captured" by and too deferential toward the bankers they supervise, so that Wall Street benefits at the public's expense. Such perceptions have dogged the U.S. central bank since it failed to head off the 2007-2009 financial crisis. While the GAO has not yet determined the full scope of the investigation, the other main agencies that embed supervisors inside financial institutions are the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. In their letter, Waters and Green said they are particularly concerned about the New York Fed and reports of a "revolving door" between it and banks and "a reluctance to challenge" the firms.

Note: Are Goldman Sachs' suspicious ties to the New York Fed and the revolving door between Congress and Wall Street finally beginning to get serious attention? 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.