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Government Corruption News Articles
Excerpts of Key Government Corruption News Articles in Media


Below are highly revealing excerpts of important government corruption news articles from the major media suggesting a cover-up. Links are provided to the full news articles for verification. If any link fails to function, read this webpage. These government corruption news articles are listed by order of importance. You can also explore the articles listed by order of the date of the news article or by the date posted. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

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.


Pentagon Attempts to Block Book on Afghan War
2010-09-10, Fox News
http://www.foxnews.com/politics/2010/09/09/military-intelligence-attempts-blo...

The U.S. Defense Intelligence Agency has attempted to block a book about the tipping point in Afghanistan and a controversial pre-9/11 data mining project called "Able Danger." In a letter obtained by Fox News, the DIA says national security could be breached if Operation Dark Heart is published in its current form. The agency also attempted to block key portions of the book that claim "Able Danger" successfully identified hijacker Mohammed Atta as a threat to the United States before the Sept. 11, 2001, terror attacks. In a highly unusual move, the Department of Defense is now negotiating with the publisher, St. Martin's Press, to buy all 10,000 copies of the first printing of the book to keep it off shelves -- even after the U.S. Army had cleared the book for release. Specifically, the DIA wanted references to a meeting between Lt. Col. Tony Shaffer, the book's author, and the executive director of the 9/11 Commission, Philip Zelikow, removed. In that meeting, which took place in Afghanistan, Shaffer alleges the commission was told about "Able Danger" and the identification of Atta before the attacks. No mention of this was made in the final 9/11 report. Once back in the U.S., Shaffer says he contacted the commission. Without explanation, the commission was no longer interested.

Note: Click here to read the full DIA letter (pdf). For a video of Fox News' exclusive interview with the author of the book blocked by the Pentagon, Lt. Col. Tony Shaffer, click here.


US 'fails to account' for Iraq reconstruction billions
2010-07-27, BBC News
http://www.bbc.co.uk/news/world-south-asia-10774002

A US federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq. The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the money. Out of just over $9bn, $8.7bn is unaccounted for, the inspector says. Much of the money came from the sale of Iraqi oil and gas, and some frozen Saddam Hussein-era assets were also sold off. The money was in a special fund administered by the US Department of Defense, the Development Fund for Iraq (DFI), and was earmarked for reconstruction projects. But the report says that a lack of proper accounting and poor oversight makes it impossible to say exactly what happened to most of it. "The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," the report said. This is not the first time that allegations of missing billions have surfaced in relation to the US-led invasion of Iraq and its aftermath. In 2005, the inspector general criticised the Coalition Provisional Authority, the US-led occupation administration, for its management of an $8.8bn fund that belonged to the Iraqi government. A criminal investigation conducted led to the conviction of eight US officials on bribery, fraud and money-laundering charges.

Note: For a collection of major media articles showing how the US military has repeatedly failed to account for hundreds of billions of dollars, click here.


A hidden world, growing beyond control
2010-07-19, Washington Post
http://media.washingtonpost.com/wp-srv/special/nation/tsa/static/articles/hid...

In the Department of Defense, where more than two-thirds of the intelligence programs reside, only a handful of senior officials - called Super Users - have the ability to even know about all the department's activities. Most [sources for this story] requested anonymity either because they are prohibited from speaking publicly or because, they said, they feared retaliation at work for describing their concerns. Beyond redundancy, secrecy within the intelligence world hampers effectiveness in other ways. For the Defense Department, [the] problem goes back to an ultra-secret group of programs for which access is extremely limited and monitored by specially trained security officers. These are called Special Access Programs - or SAPs - and the Pentagon's list of code names for them runs 300 pages. The intelligence community has hundreds more of its own, and those hundreds have thousands of sub-programs with their own limits on the number of people authorized to know anything about them. All this means that very few people have a complete sense of what's going on. Such secrecy can undermine the normal chain of command when senior officials use it to cut out rivals or when subordinates are ordered to keep secrets from their commanders. One military officer involved in one such program said he was ordered to sign a document prohibiting him from disclosing it to his four-star commander, with whom he worked closely every day, because the commander was not authorized to know about it

Note: To read the full text of this important article, please make sure to press the "Continue Reading" button at the end of the first webpage to access all of the fascinating information provided. For lots more on government secrecy, click here.


Reports accuse WHO of exaggerating H1N1 threat, possible ties to drug makers
2010-06-04, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/04/AR20100604030...

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

Note: For wide coverage from reliable sourcesof the swine and avian flu "fake pandemics" designed for corporate profit, click here.


Speedy New Traders Make Waves Far From Wall Street
2010-05-17, New York Times
http://dealbook.blogs.nytimes.com/2010/05/17/speedy-new-traders-make-waves-fa...

Inside the humdrum offices of a tiny trading firm called Tradeworx, workers ... tend high-speed computers that typically buy and sell 80 million shares a day. But on the afternoon of May 6, as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything and shutdown. Across the country, several of Tradeworx’s counterparts did the same. In a blink, some of the most powerful players in the stock market — high-frequency traders — went dark. The result sent chills through the financial world. After the brief 1,000-point plunge in the stock market that day, the growing role of high-frequency traders in the nation’s financial markets is drawing new scrutiny. Over the last decade, these high-tech operators have become sort of a shadow Wall Street — from New Jersey to Kansas City, from Texas to Chicago. Depending on whose estimates you believe, high-frequency traders account for 40 to 70 percent of all trading on every stock market in the country. Some of the biggest players trade more than a billion shares a day. These are short-term bets. Very short. The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.

Note: For key reports on the dubious practices which underlay the financial crisis and the impoverishment of the public treasury, click here.


Were Russian secrets shared with space alien visitors?
2010-05-07, The Times (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/news/world/europe/article7118769.ece

Russia has never been immune to spies and informers, but the latest claim must have struck President Medvedev as a little bizarre: he has been urged to investigate whether a regional politician passed official secrets to a group of aliens. The request came after Kirsan Ilyumzhinov, the millionaire President of Kalmykia, claimed on state television that he had been visited by aliens at his Moscow apartment several years ago and had spent hours in discussions with them on board their spaceship. The head of the republic said that the humanoid figures wore yellow spacesuits and gave him a tour of their craft, which he described as a “semi-transparent half-tube”. They had brought him home in the morning, just as his worried driver and two advisers were about to call a citywide search after finding his apartment empty. “I am often asked which language I used to talk to them. Perhaps it was on a level of the exchange of ideas,” Mr Ilyumzhinov, who is also president of the international chess federation FIDE, told the Vladimir Pozner programme on Russia’s main First Channel. Mr Ilyumzhinov told his interviewer that his encounter had taken place in 1997. “I would not have believed it, if I had not had three witnesses.”

Note: For lots more on UFOs, check out our information-packed UFO Information Center.


New Alarm Bells About Chemicals and Cancer
2010-05-06, New York Times
http://www.nytimes.com/2010/05/06/opinion/06kristof.html

The President’s Cancer Panel is the Mount Everest of the medical mainstream, so it is astonishing to learn that it is poised to join ranks with the organic food movement and declare: chemicals threaten our bodies. The cancer panel is releasing a landmark 200-page report ... warning that our lackadaisical approach to regulation may have far-reaching consequences for our health. It calls on America to rethink the way we confront cancer, including much more rigorous regulation of chemicals. The President’s Cancer Panel suggests ... giving preference to organic food, checking radon levels in the home and microwaving food in glass containers rather than plastic. In particular, the report warns about exposures to chemicals during pregnancy, when risk of damage seems to be greatest. Noting that 300 contaminants have been detected in umbilical cord blood of newborn babies, the study warns that: “to a disturbing extent, babies are born ‘pre-polluted.’” The report blames weak laws, lax enforcement and fragmented authority, as well as the existing regulatory presumption that chemicals are safe unless strong evidence emerges to the contrary. “Only a few hundred of the more than 80,000 chemicals in use in the United States have been tested for safety,” the report says. It adds: “Many known or suspected carcinogens are completely unregulated.”

Note: To read the President's Cancer Panel report, Reducing Environmental Cancer Risk, click here. For many other important reports from major media sources on potential cancer cures and treatments, click here.


Obama gives order to kill American imam
2010-04-08, The Times (One of the UK's leading newspapers)
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7089899.ece

The Obama Administration has taken the unprecedented step of authorising the killing of a US citizen, the radical Muslim cleric Anwar al-Awlaki. The decision is extraordinary not only because Mr al-Awlaki is believed to be the first American whose killing has been approved by a US President, but also because the Obama Administration chose to make the move public. The Los Angeles Times reported in January that Mr al-Awlaki’s name had been placed on a top-secret list of targeted killings. In the past 24 hours, however, a handful of intelligence and counter-terrorism officials have briefed Reuters and The New York Times on the decision. The authorisation ... and the decision to make it public is a high-risk strategy. Tina Foster, of the US-based International Justice Network, told The Times: “It is shocking that our Government would go to these extremes, even depriving someone of their life without a legal process.” The policy of targeted killings is controversial. President Ford issued an order in 1976 banning political assassinations. Yet Congress approved the use of force against al-Qaeda after the September 11 attacks.

Note: Obama is the first president to publicly order the assassination an American citizen. Neither George W. Bush nor Dick Cheney asserted such a power on the part of the president.


Leaked U.S. video shows deaths of Reuters' Iraqi staffers
2010-04-05, Washington Post/Reuters
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/05/AR20100405038...

Classified U.S. military video showing a 2007 attack by Apache helicopters that killed a dozen people in Baghdad, including two Reuters news staff, was released on [April 5] by a group that promotes leaking to fight government and corporate corruption. The group, WikiLeaks, told a news conference in Washington that it acquired encrypted video of the July 12, 2007, attack from military whistleblowers and had been able to view and investigate it after breaking the encryption code. A U.S. defense official, speaking on condition of anonymity, confirmed that the video and audio were authentic. David Schlesinger, Reuters' editor-in-chief, said the video released by WikiLeaks showed the deaths of [Namir] Noor-Eldeen and [Saeed] Chmagh were "tragic and emblematic of the extreme dangers that exist in covering war zones." "The video released today via WikiLeaks is graphic evidence of the dangers involved in war journalism and the tragedies that can result," he said. Reuters has pressed the U.S. military to conduct a full and objective investigation into the killing of the two staff. WikiLeaks posted the video at http://www.collateralmurder.com.

Note: If the above link fails, click here. Should the above video disappear, click here to view it on one of our websites. The only reason this event made news is because the two cameramen killed were Reuters reporters. US forces then fired on an unarmed van with children in it, which was attempting to bring the dead and wounded out of the combat zone. How many innocent civilians are killed like this and never make the news? Spread this important video and help others to wake up and work together to stop the creulty of some of the US forces. The Pentagon is working hard to shut down Wikileaks, the organization which secured this powerful video.


Law enforcement is tracking Americans' cell phones in real time
2010-02-19, Newsweek magazine
http://www.newsweek.com/id/233916

Law enforcement is tracking Americans' cell phones in real time—without the benefit of a warrant. Amid all the furor over the Bush administration's warrantless wiretapping program a few years ago, a mini-revolt was brewing over another type of federal snooping that was getting no public attention at all. Federal prosecutors were seeking what seemed to be unusually sensitive records: internal data from telecommunications companies that showed the locations of their customers' cell phones—sometimes in real time, sometimes after the fact. Prosecutors "were using the cell phone as a surreptitious tracking device," said Stephen W. Smith, a federal magistrate in Houston. "And I started asking the U.S. Attorney's Office, 'What is the legal authority for this? What is the legal standard for getting this information?'" Those questions are now at the core of a constitutional clash between President Obama's Justice Department and civil libertarians alarmed by what they see as the government's relentless intrusion into the private lives of citizens. There are numerous other fronts in the privacy wars—about the content of e-mails, for instance, and access to bank records and credit-card transactions. The Feds now can quietly get all that information. But cell-phone tracking is among the more unsettling forms of government surveillance, conjuring up Orwellian images of Big Brother secretly following your movements through the small device in your pocket.

Note: For many key reports from major media sources on the disturbing trend toward increasing government and corporate surveillance, click here.


Battle Over the Bailout
2010-02-14, New York Times
http://www.nytimes.com/2010/02/14/nyregion/14fed.html

Mark Pittman, an investigative reporter for Bloomberg News ... filed a Freedom of Information Act request with the Federal Reserve Board, seeking the details of its unprecedented efforts to funnel money to the collapsing banks of Wall Street. That was in September 2008. Just more than a year later, Mr. Pittman ... died unexpectedly at age 52. But his cause has persevered. It is now known as Bloomberg L.P. v. Board of Governors of the Federal Reserve, an attempt to unlock the vault of the largest Wall Street rescue plan in decades — or, as the legal briefs put it, to “break down a wall of secrecy” that the Fed has kept in place for nearly two years in its “controversial use of public money to prop up financial institutions.” The Federal Reserve has wrapped itself in secrecy since the turn of the 20th century, when a select group of financiers met at the private Jekyll Island Club off the eastern coast of Georgia and, forgoing last names to preserve their anonymity among the staff, drafted legislation to create a central bank. Its secrecy, of course, persists today, with Ben S. Bernanke, the Federal Reserve chairman, refusing to tell even Congress which banks received government money under the bailout. There is also a heated battle to force the Fed to disclose its role in the controversial attempt to save the insurance giant American International Group.

Note: Isn't it interesting that Pittman died at age 52 while trying to expose manipulations of the big bankers? For a one-minute video proving the existence of a secret weapon which can cause an undetectable heart attack, click here. For a concise, excellent background on the hidden role of the Federal Reserve, click here.


Terror suspect allowed to keep visa by intelligence officials
2010-01-27, Detroit News
http://detnews.com/article/20100127/NATION/1270405/Terror-suspect-kept-visa-t...

The State Department didn't revoke the visa of foiled terrorism suspect Umar Farouk Abdulmutallab because federal counterterrorism officials had begged off revocation, a top State Department official revealed. Patrick F. Kennedy, an undersecretary for management at the State Department, said Abdulmutallab's visa wasn't taken away because intelligence officials asked his agency not to deny a visa to the suspected terrorist. "Revocation action would have disclosed what they were doing," Kennedy said in testimony before the House Committee on Homeland Security. Since the failed attack, criticism has swirled around leaders of the U.S. intelligence community who have indicated they were warned by the suspect's father about a month before the flight of a potential terror threat, but failed to stop Abdmutallab, despite other warning signs like the fact that he purchased a one-way ticket to Detroit with cash.

Note: So federal counterterrorism officials stopped the bomber's visa from being revoked. Hmmmm... Clearly there is more going on in this case than "failure to connect the dots." Why aren't other major media reporting this important story? Kurt Haskell, a key eyewitness passenger who almost lost his life, has written a powerfully revealing blog piece on what he thinks is really going on, available here. For more on this key case, click here.


David Kelly death evidence 'to be kept secret for 70 years'
2010-01-25, Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/uknews/7066383/David-Kelly-death-evidence-to-...

A highly unusual ruling by Lord Hutton, who chaired the inquiry into Dr Kelly's death, means medical records including the post-mortem report will remain classified until after all those with a direct interest in the case are dead. And a 30-year secrecy order has been placed on written records provided to Lord Hutton's inquiry which were not produced in evidence. Liberal Democrat MP Norman Baker, who has conducted his own investigations into Dr Kelly's death, described the order as "astonishing". Dr Kelly's body was found in woods close to his Oxfordshire home in 2003, shortly after it was revealed that he was the source of a BBC report casting doubt on the Government's claim that Iraq had weapons of mass destruction capable of being fired within 45 minutes. An inquest was suspended by then Lord Chancellor Lord Falconer, who ruled that Lord Hutton's inquiry could take its place. But ... the inquiry focused more on the question of how the BBC report came to be broadcast than on the medical explanation for Dr Kelly's death. Lord Hutton's report in 2004 concluded that Dr Kelly killed himself by cutting an artery in his wrist. But the finding has been challenged by doctors who claim that the weapons inspector's stated injuries were not serious enough.

Note: For a cache of illuminating reports on government secrecy, click here.


Meet Mikey, 8: U.S. Has Him on Watch List
2010-01-14, New York Times
http://www.nytimes.com/2010/01/14/nyregion/14watchlist.html

The Transportation Security Administration ... has on its web site a “mythbuster” that tries to reassure the public. Myth: The No-Fly list includes an 8-year-old boy. Buster: No 8-year-old is on a T.S.A. watch list. “Meet Mikey Hicks,” said Najlah Feanny Hicks, introducing her 8-year-old son, a New Jersey Cub Scout and frequent traveler who has seldom boarded a plane without a hassle because he shares the name of a suspicious person. “It’s not a myth.” Hicks’s mother initially sensed trouble when he was a baby and she could not get a seat for him on their flight to Florida at an airport kiosk; airline officials explained that his name “was on the list,” she recalled. The first time he was patted down, at Newark Liberty International Airport, Mikey was 2. He cried. After years of long delays and waits for supervisors at every airport ticket counter, this year’s vacation to the Bahamas badly shook up the family. Mikey was frisked on the way there, then more aggressively on the way home. “Up your arms, down your arms, up your crotch — someone is patting your 8-year-old down like he’s a criminal,” Mrs. Hicks recounted. It is true that Mikey is not on the federal government’s “no-fly” list, which includes about 2,500 people, less than 10 percent of them from the United States. But his name appears to be among some 13,500 on the larger “selectee” list, which sets off a high level of security screening.

Note: For many reports from major media sources on the extreme loss of liberties brought about by the highly touted "war on terrorism," click here.


Federal Reserve Seeks to Protect U.S. Bailout Secrets
2010-01-12, BusinessWeek/Bloomberg News
http://www.businessweek.com/news/2010-01-12/federal-reserve-seeks-to-protect-...

The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history. Bloomberg argued that the public has the right to know basic information about the “unprecedented and highly controversial use” of public money. Banks and the Fed warn that bailed-out lenders may be hurt if the documents are made public, causing a run or a sell-off by investors. New York-based Bloomberg ... sued in November 2008 after the Fed refused to name the firms it lent to or disclose the amounts or assets used as collateral under its lending programs. “Bloomberg has been trying for almost two years to break down a brick wall of secrecy in order to vindicate the public’s right to learn basic information,” Thomas Golden, an attorney for the company with Willkie Farr & Gallagher LLP, wrote in court filings. More than a dozen other groups or companies filed amicus, or friend-of-the-court, briefs, including the American Society of News Editors and individual news organizations. The judge postponed the application of her ruling to allow the appeals court to consider the case.

Note: When doling out trillions of dollars of tax-payers' money, doesn't the public have a right to know who is receiving the money and what it is being used for?


Is the Fed rigging the stock market?
2010-01-05, MSN Money
http://articles.moneycentral.msn.com/Investing/top-stocks/blog.aspx?post=1528464

It is not illegal for the Federal Reserve or the U.S. Treasury to buy S&P 500 futures. This type of intervention could explain some of the unusual market action in recent months, with stock prices grinding higher on low volume even as companies sold huge amounts of new shares and retail investors stayed on the sidelines. Some market watchers have charted that virtually all of the market’s upside since mid-September has come from after-hours futures activity. [These claims are] based on an analysis of the possible sources of the $600 billion in net new cash that was needed to boost the U.S. stock market capitalization by $6 billion since March. The usual sources, such as retail investors and pension funds, could muster only about $100 billion. The rest had to come from somewhere. The Fed has been openly buying some $1.7 trillion worth of long-term bonds since last March, which is something it hasn't done since the 1950s. Today, the Fed is making purchases to support housing by keeping mortgages cheap. As these purchases are phased out over the next few months, long-term interest rates will continue to move higher. This will cause long-term bond prices to fall, causing this new "bond bubble" to deflate. Stock investors will benefit, just as they did in the 1950s and 1960s as capital was moved from falling bonds into rising stocks.

Note: For a treasure trove of key reports from reliable sources on the secret manipulations keeping Wall Street afloat, click here.


Use of potentially harmful chemicals kept secret under law
2010-01-04, Washington Post
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/03/AR20100103021...

Of the 84,000 chemicals in commercial use in the United States -- from flame retardants in furniture to household cleaners -- nearly 20 percent are secret, according to the Environmental Protection Agency, their names and physical properties guarded from consumers and virtually all public officials under a little-known federal provision. Under the 1976 Toxic Substances Control Act, manufacturers must report to the federal government new chemicals they intend to market. But the law exempts from public disclosure any information that could harm their bottom line. Government officials, scientists and environmental groups say that manufacturers have exploited weaknesses in the law to claim secrecy for an ever-increasing number of chemicals. In the past several years, 95 percent of the notices for new chemicals sent to the government requested some secrecy, according to the Government Accountability Office. About 700 chemicals are introduced annually. Some companies have successfully argued that the federal government should not only keep the names of their chemicals secret but also hide from public view the identities and addresses of the manufacturers.

Note: So according to this law, the bottom line (profits) trumps public health. For lots more on corporate and government secrecy, click here.


US aid tied to purchase of arms
2010-01-02, Sydney Mountain Herald
http://www.smh.com.au/world/us-aid-tied-to-purchase-of-arms-20100101-llsb.html

Just before Christmas, the US President, Barack Obama, signed into law one of his country's biggest aid pledges of the year. It was bound not for Africa or any of the many struggling countries on the World Bank's list. It was a deal for $US2.77 billion ($3 billion) to go to Israel in 2010 and a total of $US30 billion over the next decade. Israel is bound by the agreement to use 75 per cent of the aid to buy military hardware made in the US. For the first time the US is also providing $US500 million to the Palestinian Authority, including $US100 million to train security forces, under the strict proviso that the authority's leadership recognises Israel. For many years Israel has been the largest recipient of US foreign aid, followed by Egypt ($US1.75 billion), which also receives most of its assistance in tied military aid. The Congressional Research Service says that the US spent 17 per cent of its total aid budget - or $US5.1 billion - on military aid in 2008, of which $US4.7 billion was grants to enable governments to receive equipment from the US.

Note: Israel's population is 7.5 million. If you do the math, the US is providing the equivalent of $4,000 in aid to every man, woman and child in Israel over the next decade, with $3,000 of that to buy US military hardware. For lots more on government-facilitated profiteering in the arms industry, click here and here.


G30, Ripe for Conspiracy Theorists
2009-12-04, Wall Street Journal blog
http://blogs.wsj.com/economics/2009/12/04/g30-ripe-for-conspiracy-theorists

If you want to encourage the kind of conspiracy theories that have prospered in the wake of last year’s financial crisis — those that describe a secret cabal of elites running the world — try doing the following: Have a group of 30 high-powered economists, government officials and bankers meet under the auspices of an international group that shares ideas on how to run the global financial architecture. Have your Board of Trustees led by an influential former Federal Reserve chairman who’s now working as a senior advisor to the president of the United States. Name the former vice chairman of bailout behemoth AIG as the group’s Chairman and CEO (It helps that he [is] former governor of the Bank of Israel). Ensure that membership includes the likes of these: A former Treasury Secretary and president of Harvard who also now works as a top presidential economic advisor; Citigroup’s senior vice chairman; a former IMF deputy managing director and the current governor of the Bank of Israel; and top representatives of the world’s four most important central banks. Hold two days of closed-door meetings at the New York Fed. Do not publicize a list of attendees and leave everyone guessing about the agenda. These were the circumstances surrounding Friday’s start to the 62nd plenary meetings of the Group of 30, whose formal name is “The Consultative Group on International Economic and Monetary Affairs, Inc.”

Note: The article interestingly then goes on to claim that this secret meeting of the world's top bankers is not really anything to worry about, that they are really working for the public good. If so, why not have the meeting open and widely covered by the press? For many other revealing articles from major media reports on secret societies and secret meetings of the most rich and powerful people in our world, click here.


Public servants on $20m a year
2009-12-03, BBC News blog
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/12/public_servants_...

Twice a year, the chairmen and chief executives of Europe's biggest banks gather in secret. They meet under the auspices of a hush-hush club formed after World War II, whose operations are so mysterious that even the grandees who attend it seem unclear what it's really called. One bank supremo told me its name was the Instituts d'Etudes Financieres ... another that it went by the moniker IIEB. Either way, what I can tell you is that it attracts a pretty high calibre of banker - and that its last meeting was just a few weeks ago at the plush London hotel, Claridges, where the main item on the agenda was the topical question of bankers' bonuses. Present were ... Stephen Green of HSBC, Philip Hampton of RBS, Marcus Agius of Barclays and David Mayhew of JP Morgan Cazenove, and their counterparts from Germany, Italy, France and so on. Now, let's be clear: the idea that banks would ever collude to solve a mutual problem would be an outrageous and unwarranted slur. That said, they would dearly love a collective agreement to cease hostilities on bankers' pay, because they know there is a one-to-one correlation between each million pound bonus they pay and damage to their reputations. But although they explored whether they could reach an entente on capping bankers' pay, they abandoned the ambition as a hopeless cause. Why? Because they can't get the Americans into the room. So what is the going rate for RBS's top profit generators? Last year, when the bonus pool was Ł900m [over $1.3 billion] for the investment bank, several hundred of its executives earned more than a million pounds each. [This year] quite a number of its top traders will be expecting $10m plus.

Note: You can bet that the money for this year's bonuses is coming out of taxpayers' pockets through the huge bailouts. So here is yet another secret meeting of the world's top bankers not being reported in the major media except for this BBC blog. For many other revealing articles from major media reports on secret societies and secret meetings of the most rich and powerful people in our world, click here.


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.