Media ArticlesExcerpts of Key Media Articles in Major Media
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United Nations (U.N.) peacekeeping personnel must lose their status as “a privileged class,” according to a former senior U.N. official, after fresh allegations of sexual abuse of minors by peacekeepers in Central African Republic (CAR) emerged. The U.N. peacekeeping mission in CAR - known as MINUSCA - said on Tuesday that it was investigating allegations concerning sexual exploitation and abuse of minors, as well as other misconduct, by peacekeepers and international forces. The peacekeepers came from Gabon, Egypt and Morocco, and AFP reported that the allegations brings the total number of sexual abuse cases against U.N. peacekeepers in CAR to 26. According to Paula Donovan, who served as a senior advisor to the U.N. Special Envoy for HIV/AIDS in Africa from 2003 to 2006, the latest allegations mean that the U.N.’s “sex abuse crisis is now more exposed than ever before, but there’s no evidence that the U.N. has changed the way it’s dealing with the problem. The U.N. treats reports of sexual abuse by its personnel as administrative matters to be handled internally and in secret, rather than as serious violent crimes,” says Donovan.
Note: A personal friend of WantToKnow.info manager Fred Burks served with the Peace Corps in Africa where she saw learned of horrendous sexual abuse, but was told by all of her superiors in Peace Corps not to touch that one. Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
“Playing God is simply a matter of learning a script. It didn’t require research beyond that,” Freeman deadpanned during National Geographic’s panel for “The Story of God with Morgan Freeman”. The project, a collaboration among Lori McCreary, James Younger and Freeman, who all serve as executive producers, is an exploration of religion across the globe and the function of God in any given society. The team previously collaborated on Discovery’s “Through the Wormhole.” As for why the three turned to matters of religion in their latest offering: “We were driven to make this by seeing all of the misunderstanding and difficulties centered around religion in the world today. We were motivated to say, ‘Let’s go there and see what religions have in common,” said Younger, adding, “What we found is a remarkable commonality between religions.” However, the series found itself stymied by the limitations of trying to carve such a complex subject down to six hour-long installments, ultimately being limited to focusing just on the “big five” according to Freeman, the three Abrahamic religions (Christianity, Islam and Judaism) as well as Buddhism and Hinduism. When asked what they would ask the Divine given the opportunity, they didn’t hesitate. McCreary wondered, “What’s the key to unifying us all as Your children?” while Freeman opted for a more pointed, “What do You think now?” But it was former scientist Younger who opted for the most universal question of all: “Why?”
Note: Don't miss the great, five-minute clip of "The Story of God." And check out the excellent resources we've compiled on near-death experiences.
Hydrogen has the potential to fuel incredibly environmentally clean cars. But making that fuel hasn't been so efficient or economical. Pure hydrogen gas does not occur naturally on Earth, so scientists must devise ways to separate hydrogen from naturally occurring compounds, like H2O. Until now, cars that run on water have been out of reach. But a team of scientists have come up with a different mechanism to produce hydrogen fuel from water. These researchers have created a biomaterial that catalyzes the splitting of the water elements, which they describe in a paper published in the journal Nature Chemistry. The biomaterial, called P22-Hyd, is made up of a modified enzyme, hydrogenase, protected within the protein shell of a bacterial virus. The mechanism goes both ways. P22-Hyd breaks the chemical bonds in H2O to produce hydrogen and oxygen, but it can also combine the two gases to generate power. That reversal is how hydrogen fuel cell cars work. "The reaction runs both ways - it can be used either as a hydrogen production catalyst or as a fuel cell catalyst," study lead author Trevor Douglas, of Indiana University Bloomington said. "You don't need to mine it; you can create it at room temperature on a massive scale using fermentation technology. It's a very green process to make a very high-end sustainable material."
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Mayor Rahm Emanuel's Law Department again has been sanctioned for withholding records involving a fatal police shooting, marking the eighth time in recent years a federal judge has formally punished the city [of Chicago] for failing to turn over potential evidence in a police misconduct lawsuit. U.S. District Court Judge Joan Gottschall on Tuesday ruled that the city acted in "bad faith" when it ignored a court order and made little effort to provide documents to the lawyer for the family of 20-year-old Divonte Young, who was shot and killed by an officer in 2012. In a sharply worded 24-page order, the judge criticized the city for its approach to discovery, the legal process that allows the two sides in a lawsuit to uncover relevant facts. "The City's cavalier attitude toward the discovery process ... warrant findings of willfulness, fault and bad faith," Gottschall wrote. In imposing her punishment, Gottschall ... stripped the city of legal protections that would have allowed its lawyers to withhold some documents from the Young family's lawyer. A Tribune investigation last year that analyzed nearly 450 cases alleging police misconduct since Emanuel took office found that a federal judge had to order the city to turn over potential evidence in nearly 1 of every 5 cases. The issue came to a head in January 2016, when a federal judge sanctioned one city lawyer for intentionally concealing evidence and ... took the rare step of tossing out a jury verdict in favor of the city and ordering a new trial.
Note: For more along these lines, see concise summaries of deeply revealing police corruption news articles from reliable major media sources.
In total, incidents involving sexual assault in which the children of service members are victims occur hundreds of times each year, data the Defense Department provided ... show. The figures offer greater insight into the sexual abuse of children committed by service members, a problem of uncertain scale due to a lack of transparency into the military's legal proceedings. With more than 1 million military dependents, the number of cases appears statistically small. An AP investigation ... found more inmates are in military prisons for child sex crimes than for any other offense. But the military's opaque justice system keeps the public from knowing the full extent of their crimes or how much time they spend behind bars. Responding to AP's findings, three Democratic senators have urged Defense Secretary Ash Carter to lift what they called the military justice system's "cloak of secrecy" and make records from sex-crimes trials readily accessible. The senators also raised another concern. Child sex-assault cases are not included in the Defense Department's annual report to Congress on sexual assaults, which focuses primarily on adult-on-adult incidents, they said. The senators ... told Carter in a Dec. 8 letter they are concerned the department may be underestimating how many sexual assaults are occurring in the military.
Note: When it comes to sexual abuse, the US military has reportedly fostered a culture of coverup. Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this sad subject. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
Saudi Arabia’s well-funded public relations apparatus moved quickly after Saturday’s explosive execution of Shiite political dissident Nimr al-Nimr to shape how the news is covered in the United States. The execution led protestors in Shiite-run Iran to set fire to the Saudi Embassy in Tehran, precipitating a major diplomatic crisis. The Saudi side of the story is getting a particularly effective boost in the American media through pundits who are quoted justifying the execution, in many cases without mention of their funding or close affiliation with the Saudi Arabian government. Meanwhile, social media accounts affiliated with Saudi Arabia’s American lobbyists have pushed English-language infographics, tweets, and online videos to promote a narrative that reflects the interests of the Saudi regime. An editorial published by the Wall Street Journal approvingly quoted Joseph Braude of the Foreign Policy Research Institute claiming that Nimr was a violent extremist. Braude’s depiction of Nimr aligns with ... Saudi Arabia’s terrorism law, [which] includes as acts of terrorism merely criticizing the government. But as journalists and editors from the Christian Science Monitor, The Guardian, the BBC, and other prominent outlets have reported, Nimr advocated nonviolence and encouraged his followers to protest peacefully. Braude did not provide any evidence for his claims beyond anonymous “Saudi sources.”
Note: Read about the Saudi campaign to charm American policy makers even as it set a record in the number of public beheadings. For more along these lines, see concise summaries of deeply revealing news articles about government corruption and media manipulation.
Alex Hummell says few dentists seem worried enough about invisible, odorless mercury to take the kinds of precautions needed to prevent everyday exposures. As the head of a ... firm that sells sophisticated equipment to gauge airborne levels of highly toxic mercury at industrial sites worldwide, Hummell has watched manufacturers of all sorts put their employees through strict training programs in which they don special equipment to avoid even tiny exposures. Then he walks into dental clinics and is dumbfounded. On numerous occasions, he said, he has detected mercury levels in dental offices that were two to three times the average workday exposure limit of 100 micrograms per cubic meter set by the Occupational Safety and Health Administration, but patients and the staff were wearing little or no protective equipment. “I’ve seen in dental offices what would make these other offices have to shut down,” said Hummell. “They would be closing their doors and getting respirators on.” Instead, he said, “there are kids running around everywhere. It’s nuts. It’s the exact same toxin, and it’s being treated totally differently.” Several years ago, Hummell said, he set up a booth at a regional dental conference in Denver to demonstrate how his equipment could pick up rising mercury levels with a mere gentle brushing of a filling in an old tooth.
Note: For more on risks of mercury in fillings, see this mercola.com article. For more, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.
The Bureau of Justice Statistics has released new evidence that mass incarceration continues to unwind in the United States. The rate of U.S. adults under some form of criminal justice supervision declined for the seventh straight year, dropping to a level not seen since 1996. The criminal justice supervision rate comprises individuals on probation or parole as well as those incarcerated in local jails or in federal or state prison. A total of 6,851,000 adults were under criminal justice supervision in at the end of 2014, a decline of 52,200 from the year before. Evaluating change in the criminal justice system as whole is essential for determining whether the nation is truly making progress on reducing mass incarceration. Research on the state and federal prison population has documented a decline for over half a decade, but such data can be misleading if the criminal justice system is playing a shell game - transferring prisoners to local jails or moving them onto parole. The new Bureau of Justice System report shows that the correctional system is indeed shrinking across the board rather than simply shifting offenders from one form of supervision to another.
Note: This is great news. But it will take a very long time for the era of mass incarceration to end if the criminal justice supervision rate shrinks by less than one percent per year. For more along these lines, see concise summaries of deeply revealing prison system corruption news articles from reliable major media sources.
The Wall Street Journal reported yesterday that the NSA under President Obama targeted Israeli Prime Minister Benjamin Netanyahu and his top aides for surveillance. In the process, the agency ended up eavesdropping on ... U.S. lawmakers and American-Jewish groups. People who spent many years cheering for and defending ... programs of mass surveillance are suddenly indignant now that they know the eavesdropping included them. Long-time GOP chairman of the House Intelligence Committee and unyielding NSA defender Pete Hoekstra last night was truly indignant: "WSJ report that NSA spied on Congress and Israel communications very disturbing. Actually outrageous. Maybe unprecedented abuse of power ... NSA and Obama officials need to be investigated and prosecuted. NSA loses all credibility. Scary." This pattern - whereby political officials who are vehement supporters of the Surveillance State transform overnight into crusading privacy advocates once they learn that they themselves have been spied on - is one that has repeated itself over and over. So now, with yesterday’s WSJ report, we witness the tawdry spectacle of large numbers of people who for years were fine with, responsible for, and even giddy about NSA mass surveillance suddenly objecting. Overnight, privacy is of the highest value because now it’s their privacy, rather than just yours, that is invaded.
Note: Read the full Wall Street Journal article on how the US government is secretly spying on Israeli leaders and more. For more along these lines, see concise summaries of deeply revealing news articles about intelligence agency corruption and the disappearance of privacy.
The Transportation Security Administration’s new rules for screening passengers with its controversial full-body scanners - which were quietly changed just before the busy holiday travel season - represent a significant policy reversal that could affect your next flight. Getting checked by the TSA’s advanced-imaging technology used to be entirely optional, allowing those who refused a scan to be subjected to a pat-down. In fact, many observers thought the agency installed the 740 body scanners in 160 airports with an understanding that no one would be forced to use them, ever. But on a Friday in late December, the TSA revised its rules, saying an “opt out” is no longer an option for certain passengers. “The TSA is going back on its word,” says Fred Cate, a law professor at Indiana University and prominent TSA-watcher. “The scanners were sold to Congress and the public on the promise that they were optional, but for at least some people, that is no longer the case.” In previous court filings, the agency offered written assurance that the scanners were optional. Based on the agency’s statements, a federal appeals court affirmed the legality of using the full-body scanners as long as fliers were given a choice.
Note: Read more on the controversy surrounding TSA's costly but technically questionable scanners. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
The very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding their fortunes. Some call it the “income defense industry,” consisting of a high-priced phalanx of lawyers, estate planners, lobbyists and anti-tax activists. All are among a small group providing much of the early cash for the 2016 presidential campaign. Operating largely out of public view - in tax court, through arcane legislative provisions and in private negotiations with the Internal Revenue Service - the wealthy have used their influence to steadily whittle away at the government’s ability to tax them. The effect has been to create a kind of private tax system, catering to only several thousand Americans. Two decades ago ... the 400 highest-earning taxpayers in America paid nearly 27 percent of their income in federal taxes, according to I.R.S. data. By 2012 ... that figure had fallen to less than 17 percent, which is just slightly more than the typical family making $100,000 annually. Some of the biggest current tax battles are being waged by some of the most generous supporters of 2016 candidates. Whatever tax rates Congress sets, the actual rates paid by the ultra-wealthy tend to fall over time as they exploit their numerous advantages.
Note: The IRS now conducts only half as many audits of the super-rich as it did five years ago. Over half of the money contributed so far to 2016 US presidential candidates has come from just 158 families. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and income inequality from reliable major media sources.
U.S. intelligence agencies recently fought off a move by Congress to require the CIA and other spy services to disclose more details about high-ranking employees who have been promoted or fired. Under a provision drafted by the Senate Intelligence Committee this year, intelligence agencies would have been required to regularly provide names of those being promoted to top positions and disclose any “significant and credible information to suggest that the individual is unfit or unqualified.” But that language faced intense opposition from Director of National Intelligence James R. Clapper Jr.. As a result, the wording was watered down by Congress this month and now requires Clapper only to furnish “information the Director determines appropriate.” U.S. spy chiefs chafed at the idea of subjecting their top officials to such congressional scrutiny and went so far as to warn that candidates for certain jobs would probably withdraw. Former CIA director Michael Hayden said he [opposed the provision] “for simply being too invasive.”
Note: As a vocal advocate of intrusive spying, former CIA director Michael Hayden's claim that congressional oversight of spy agency personnel could be "too invasive" is ironic. The unaccountable US intelligence agencies were recently called a "secret government" in the Boston Globe. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the intelligence community.
In April 2012, a Kansas SWAT team raided the home of Robert and Addie Harte, their 7-year-old daughter and their 13-year-old son. The couple, both former CIA analysts, awoke to pounding at the door. The family was then held at gunpoint for more than two hours while the police searched their home. They found no evidence of any criminal activity. The investigation leading to the raid began ... when Robert Harte and his son went to a gardening store to purchase supplies to grow hydroponic tomatoes. The Johnson County Sheriff’s Department began [sending] deputies out to sort through the family’s garbage. The deputies repeatedly found “saturated plant material” that they thought could possibly be marijuana. On two occasions, a drug testing field kit inexplicably indicated the presence of THC, the active drug in marijuana. Lab tests would later reveal that the “saturated plant material” was actually loose-leaf tea. Why did the field tests come up positive for pot? These tests come up positive whenever the police need them to. The tests [can] be manipulated to generate positive results. The Hartes wanted to know what happened. They spent more than $25,000 in legal fees just to learn why the sheriff had sent a SWAT team into their home. Once they finally had that information, the Hartes filed a lawsuit. U.S. District Court Judge John W. Lungstrum dismissed every one of the Hartes’s claims, [and] ruled that the police were under no obligation to know that drug testing field kits are inaccurate.
Note: A detailed report by forensics expert John Kelly and former FBI chief scientist Dr. Frederick Whitehurst reveals "a drug testing regime of fraudulent forensics used by police, prosecutors, and judges." And recently the FBI was found to have faked an entire branch of forensic science. For more along these lines, see concise summaries of deeply revealing news articles about government corruption and the erosion of civil liberties.
Ramadi was liberated today, but will anyone notice? The sad fact is that nothing that actually happens on the ground against Daesh (ISIS) is likely going to have a material effect on the culture of fear that has been created to infest the American psyche by so many people who should know so much better. A whopping 59% of Democrats are unhappy with the progress President Obama has made on the war on terror, along with 86% of Republicans and 69% of independents. What did anyone expect? Since the Paris shootings, and certainly since the shootings in San Bernardino, through the efforts of our leading television news stars, Daesh has been converted into the greatest threat to Western civilization since the Battle of Tours. They are supervillains with mad computer skillz and secret Muslim mind-tricks who can turn your children into implacable murder machines. If you want to see what losing the war on terror really looks like, don't look to the Middle East. Instead, watch the television commercials approved by the various Republican presidential candidates. The three Democratic candidates are better, but not by much. You can't win a "war" on terror any more than you can win a "war" on hate or a "war" on any other easily activated human emotion, if there are enough powerful institutions that can profit from its activation. It's really up to the rest of us ... to keep things in perspective about the genuine dangers and the fantastical ones by which other people profit.
Note: Explore powerful evidence that ISIS is aided and was possibly even created by covert US support. Watch this video which shows how the US and its allies stoke war in order to pad the pockets of mega-corporations which profit greatly from arms sales. For more along these lines, see concise summaries of deeply revealing news articles about the manipulation of public perception.
To the average person, it may seem that the biggest technology advances of 2015 were the larger smartphone screens. But a ... broad range of technologies reached a tipping point. 1. The Internet and knowledge: As of 2015 ... India has more Internet users than the U.S. does, and China has twice as many. Never before has all of humanity been connected in this way. 2. Doctors in our pockets: In 2015, smartphone-connected medical devices came into the mainstream. Previous generations of medical advances were for the rich; now all can benefit. 3. Bitcoin and disintermediation: One of the most controversial technology advances recently is Bitcoin, an unregulated and uncontrolled digital currency. In 2015, it gained acceptance by retailers such as Overstock.com. And the technology that underlies it, blockchain ... has the potential to transform the lives of billions of people who lack bank accounts and access to the legal and administrative infrastructure that we take for granted. 4. Engineering of life: Another technology that came into the mainstream was Crispr gene modification. Via Crisprs, DNA can be edited for as little as $100. 5. The drone age: As the technologies advance, drones will carry increasing amounts of weight and travel over longer distances. 6. Saving the planet with clean energy: U.S. lawmakers struck [a deal] to extend tax credits for solar and wind capture for another five years, which will accelerate the progress of clean energy. By, 2030, solar capture could provide 100 percent of today’s energy.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
For decades, the Hershey Co. has used sugar made from both sugar beets and sugar cane, but it decided earlier this year to stop buying beet sugar because it comes from genetically modified, or GM, seeds. Hershey communications director Jeff Beckman confirmed that the kisses and many other products stocked on shelves since Halloween no longer contain beet sugar. The company also is transitioning away from artificial to natural ingredients, he said. About 55 percent of domestic U.S. sugar is produced from sugar beets, and nearly 100 percent of the beet seeds are genetically modified to tolerate the herbicide glyphosate, the active ingredient in Roundup. Hershey is the only national brand that has dropped beet sugar, although other companies have been asking questions and there has been a lot of chatter about GM sugar on social media. Part of the pressure on Hershey came from a coalition of groups called GMO Inside that began a campaign in 2013 suggesting that consumers tell Hershey and Mars, another large candy manufacturer, to drop all GM ingredients from their products. Elizabeth O’Connell, campaigns director for Green America, one of the groups in the anti-GM coalition ... said consumer groups will continue to pressure companies to remove GM ingredients from food, or at least to label them so consumers know what they’re buying. A current priority is dairy products, she said, because cows are fed mixtures of soy meal, corn and other products from GM seed.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Over the past 15 months, beleaguered Pennsylvania Attorney General Kathleen Kane has released a steady stream of messages retrieved from a state email server that show state officials and employees trading pornographic, racist and misogynistic messages. There are jokes about rape and sexual assault, photos mocking African Americans and other minorities, and insults leveled at people because of their weight, their sexual orientation or their religion. The scandal that has been dubbed "Porngate" ... is a disaster for the state’s justice system. Kane, the first woman and first Democrat elected to that office, faces a criminal indictment for felony perjury and multiple misdemeanors in an unrelated case. [Her] office ... has long maintained she’s innocent of the charges. She has cast herself as a victim of a powerful, political “old boys network,” angry that she’s shared their darkest emails. About 10,000 messages have been shared at this point. There could be as many as 100,000. Thus far, the scandal has resulted in the firing of at least six state employees and the resignation of a state Supreme Court judge. Another justice will go before a judicial ethics board later this month on charges of misconduct. If found guilty, he too could be removed from the bench. At least 60 people working for the attorney general’s office were reprimanded because of sexually explicit content found on their state computers.
Note: This is clearly a case where an old boys network involved with child sex abuse rings is coming down as hard as possible to get rid of the courageous attorney general who is exposing their dirty deeds. For more on this, see http://truthaboutkathleenkane.com. Watch an excellent segment by Australia's "60-Minutes" team titled "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this sad subject.
Nearly a thousand times this year, an American police officer has shot and killed a civilian. In a year-long study, The Washington Post found that ... the great majority of people who died at the hands of the police fit at least one of three categories: they were wielding weapons, they were suicidal or mentally troubled, or they ran when officers told them to halt. Although black men make up only 6 percent of the U.S. population, they account for 40 percent of the unarmed men shot to death by police this year. The FBI is charged with keeping statistics on such shootings. Fewer than half of the nation’s 18,000 police departments report their incidents to the agency. The Post documented well more than twice as many fatal shootings this year as the average annual tally reported by the FBI over the past decade. The research also noted whether victims were mentally ill or experiencing an emotional crisis. Officers fatally shot at least 243 people with mental health problems: 75 who were explicitly suicidal and 168 for whom police or family members confirmed a history of mental illness. Most of them died at the hands of police officers who had not been trained to deal with the mentally ill. An average of five officers per year have been indicted on felony charges over the previous decade; this year, 18 officers have been charged with felonies. Such accusations rarely stick, however.
Note: A similar project run by The Guardian called "The Counted" tracks police killings by all methods - not just shootings - and had noted 1117 such deaths in 2015 as the above story went to press. For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
Foreign arms sales by the United States jumped by almost $10 billion in 2014, about 35 percent, even as the global weapons market remained flat and competition among suppliers increased, a new congressional study has found. American weapons receipts rose to $36.2 billion in 2014 from $26.7 billion the year before, bolstered by multibillion-dollar agreements with Qatar, Saudi Arabia and South Korea. The United States remained the single largest provider of arms around the world last year, controlling just over 50 percent of the market. Russia followed the United States as the top weapons supplier, completing $10.2 billion in sales, compared with $10.3 billion in 2013. Sweden was third, with roughly $5.5 billion in sales, followed by France with $4.4 billion and China with $2.2 billion. South Korea ... was the world’s top weapons buyer in 2014, completing $7.8 billion in contracts. Iraq followed South Korea, with $7.3 billion in purchases. Some arms producers have adopted measures like flexible financing, counter-trade guarantees and coproduction and co-assembly agreements to try to secure sales. Given its positioning, the United States was likely to remain the dominant supplier of arms to developing nations in coming years. As in previous years, the vast majority of arms were supplied by large, established countries to developing ones, which made $61.8 billion in total purchases in 2014.
Note: This annual report is among the most detailed nonclassified international arms sales data available to the public. Watch this video which shows how the US and its allies stoke war in order to pad the pockets of mega-corporations which profit greatly from arms sales. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were to fail again, taxpayers could be on the hook for another bailout. To rein in Wall Street, we should begin by reforming the Federal Reserve, which oversees financial institutions. Unfortunately, an institution that was created to serve all Americans has been hijacked by the very bankers it regulates. What went wrong at the Fed? The chief executives of some of the largest banks in America are allowed to serve on its boards. During the Wall Street crisis of 2007, Jamie Dimon, the chief executive and chairman of JPMorgan Chase, served on the New York Fed’s board of directors while his bank received more than $390 billion in financial assistance from the Fed. Next year, four of the 12 presidents at the regional Federal Reserve Banks will be former executives from one firm: Goldman Sachs. We would not tolerate the head of Exxon Mobil running the Environmental Protection Agency. And we should not allow big bank executives to serve on the boards of the main agency in charge of regulating financial institutions. Financial reforms must not stop with the central bank. We must reinstate Glass-Steagall and break up the too-big-to-fail financial institutions. The sad reality is that the Federal Reserve doesn’t regulate Wall Street; Wall Street regulates the Fed.
Note: After the bailout in 2008, the percentage of US banking assets held by the big banks has almost doubled. Could this possibly have been planned? And why is the only US presidential candidate talking seriously about bank reform being given little attention by mainstream media? 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 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.