Government Corruption News StoriesExcerpts of Key Government Corruption News Stories in Major Media
Note: This comprehensive list of government corruption news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
The Navy’s SEAL Team 6 ... best known for killing Osama bin Laden, has been transformed by more than a decade of combat into a global manhunting machine. That role reflects America’s new way of war, in which conflict is distinguished ... by the relentless killing of suspected militants. While fighting grinding wars of attrition in Afghanistan and Iraq, Team 6 ... joined Central Intelligence Agency operatives in an initiative called the Omega Program, which offered greater latitude in hunting adversaries. Team 6 has successfully carried out thousands of dangerous raids that military leaders credit with weakening militant networks, but its activities have also spurred recurring concerns. Afghan villagers and a British commander accused SEALs of indiscriminately killing men in one hamlet; in 2009, team members joined C.I.A. and Afghan paramilitary forces in a raid that left a group of youths dead and inflamed tensions between Afghan and NATO officials. When suspicions have been raised about misconduct, outside oversight has been limited. “This is an area where Congress notoriously doesn’t want to know too much,” said Harold Koh, the State Department’s former top legal adviser. Like the C.I.A.’s campaign of drone strikes, Special Operations missions offer policy makers an alternative to costly wars of occupation. But the bulwark of secrecy around Team 6 makes it impossible to fully assess its record and the consequences of its actions, including civilian casualties or the deep resentment inside the countries where its members operate.
Note: Drone strikes almost always miss their intended targets. Casualties of war whose identities are unknown are frequently mis-reported to be "militants". For more along these lines, see concise summaries of deeply revealing news articles about military corruption and high level manipulation of mass media.
FBI Behind Mysterious Surveillance Aircraft Over US Cities
June 2, 2015, ABC News/Associated Press
Scores of low-flying planes circling American cities are part of a civilian air force operated by the FBI and obscured behind fictitious companies. The aircraft are equipped with high-tech cameras, and ... technology capable of tracking thousands of cellphones. The surveillance equipment is used for ongoing investigations, the FBI says, generally without a judge's approval. The Drug Enforcement Administration has its own planes, also registered to fake companies, according to a 2011 Justice Department ... report. At the time, the DEA had 92 aircraft in its fleet. And since 2007, the U.S. Marshals Service has operated an aerial surveillance program with its own fleet equipped with technology that can capture data from thousands of cellphones. "These are not your grandparents' surveillance aircraft," said Jay Stanley, a senior policy analyst with the American Civil Liberties Union. Evolving technology can record higher-quality video from long distances, even at night, and can capture certain identifying information from cellphones using a device known as a "cell-site simulator" [to] trick pinpointed cellphones into revealing identification numbers of subscribers, including those not suspected of a crime. The Obama administration [has] been directing local authorities through secret agreements not to reveal their own use of the devices. During the past few weeks, the AP tracked planes from the FBI's fleet on more than 100 flights over at least 11 states plus the District of Columbia.
Note: For more along these lines, see concise summaries of deeply revealing news articles about the corrupt intelligence agencies that facilitate the erosion of privacy rights in the U.S. and elsewhere.
WikiLeaks on Wednesday released 17 different documents related to the Trade in Services Agreement (Tisa), a controversial pact currently being hashed out between the US and 23 other countries – most of them in Europe and South America. The document dump comes at a tense moment in the negotiations over a series of trade deals. President Barack Obama has clashed with his own party over the deals as critics have worried about the impact on jobs and civil liberties. Unions, which fear heavy job losses once long-standing trade protections are dismantled, reacted with dismay following publication of the previously hidden documents. Rosa Pavanelli, general secretary of the Public Services International union, said: “It is outrageous that our democratically elected governments will not tell us the laws they are making. What has our democracy come to when the community must rely on Wikileaks to find out what our governments are doing on our behalf?” Nick Dearden, director of the charity Global Justice Now ... said: “These leaks reinforce the concerns of campaigners about the threat that TISA poses to vital public services. There is no mandate for such a far-reaching programme. It’s a dark day for democracy when we are dependent on leaks like this for the general public to be informed of the radical restructuring of regulatory frameworks that our governments are proposing.”
Note: According to an investigation by The Guardian, it cost about $1,148,971 to "fast-track" the Trans-Pacific Partnership (TPP), another secret trade deal. How much are corrupt corporations paying to corrupt politicians to purchase their favor for TISA?
Former Speaker of the House Dennis Hastert was paying a former student to keep quiet about allegations of sexual abuse from the time when Hastert was a teacher and wrestling coach in Illinois, two sources with knowledge of the federal government investigation told CNN on Friday afternoon. Hastert was a teacher and wrestling coach in Yorkville, Illinois between 1965 and 1981 before entering politics. Federal prosecutors indicted Hastert on Thursday for lying to the FBI about $3.5 million he agreed to pay to an undisclosed person to "cover up past misconduct." A federal law enforcement official confirmed to CNN early Friday evening that the former student was a male and a minor when the alleged abuse took place. Federal law enforcement officials also said that investigators decided not to pursue a possible extortion case in the matter. Much remains unclear in the seven-page indictment federal officials lodged against the former Republican House speaker. The indictment lists relevant facts as including Hastert's time working as a teacher and coach in Yorkville for 16 years. But Hastert was not approached by "Individual A" until 2010. From 2010 until 2014, Hastert first negotiated with and then made secret payments to the unknown subject. Charges were not filed against Hastert until Thursday, a half century after the first relevant date listed in the indictment.
Note: Watch powerful evidence in a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing sex abuse scandal news articles from reliable major media sources.
The US Central Intelligence Agency used a wider array of sexual abuse and other forms of torture than was disclosed in a Senate report last year, according to a Guantánamo Bay detainee turned government cooperating witness. Majid Khan said interrogators poured ice water on his genitals, twice videotaped him naked and repeatedly touched his “private parts” – none of which was described in the Senate report. Khan’s is the first publicly released account from a high-value al-Qaida detainee who experienced [these] “enhanced interrogation techniques”. The 35-year-old Khan ... is awaiting sentencing after [confessing] to delivering $50,000 to al-Qaida operatives in Indonesia. Khan was captured in Pakistan and held at an unidentified CIA “black site” from 2003 to 2006, according to the Senate report. In the interviews with his lawyers, Khan described a carnival-like atmosphere of abuse when he arrived at the CIA detention facility. He said that he experienced excruciating pain when hung naked from poles and that guards repeatedly held his head under ice water. In a July 2003 session, Khan said, CIA guards hooded and hung him from a metal pole for several days and repeatedly poured ice water on his mouth, nose and genitals. When a doctor arrived to check his condition, Khan begged for help. Instead, Khan said, the doctor instructed the guards to again hang him from the metal bar. After hanging from the pole for 24 hours, Khan was forced to write a “confession” while being videotaped naked.
Note: For more, read about the 10 Craziest Things in the Senate Report on Torture and many other questionable intelligence agency practices.
Sen. Rand Paul (R-Ky.), fresh off a fight over the Patriot Act, has turned his attention to another national security battle: declassifying 28 pages of a 2002 Senate inquiry into the cause of the Sept. 11, 2001 attacks. Paul is sponsoring the "Transparency for the Families of 9/11 Victims and Survivors Act," which would require President Obama to declassify and make public the pages. The issue is a politically charged one, with some claiming the pages will show that Saudi Arabia financed the attacks. Paul appeared at a Capitol Hill press conference with a bipartisan group of House sponsors, including Reps. Thomas Massie (R-Ky.), Walter Jones (R-N.C.) and Stephen Lynch (D-Mass.), and Former Sen. Bob Graham (D-Fla.). The group were flanked by members of the group 9/11 Families United for Justice Against Terrorism. Paul pointed out that 15 of the 19 hijackers were from Saudi Arabia, saying that information that has been reported over the years "does raise question about their (the government's) support" and if it was provided to the hijackers. "We cannot let page after page of blanked out documents to be obscured by a veil, leaving these family members to wonder if there is additional information surrounding these horrible acts," Paul said. "The 28 pages in the report of over 800 pages go to the question of who financed 9/11and they point a strong finger at Saudi Arabia," Graham said.
Note: Rand Paul joins several prominent current and former US politicians that are working to expose the Saudi government money behind terrorism by declassifying this material. Explore the statements of over 3,000 respected government officials, professors, military officers, architects, engineers who have gone on the record raising serious questions about the 9/11 official story. For more along these lines, see concise summaries of deeply revealing 9/11 investigation news articles from reliable major media sources.
The US government does not keep a comprehensive record of people killed by law enforcement, often leaving families, politicians and advocates powerless to quantify and analyse the size of the issue at hand. The lack of data has been glaring amid the protests, riots and the national debate set in motion by the fatal police shooting of Michael Brown last summer in Ferguson, Missouri. “We lack the ability right now to comprehensively track the number of incidents,” the outgoing US attorney general Eric Holder said before stepping down earlier this year. “Fixing this is an idea that we should all be able to unite behind.” The Guardian has begun an investigative project, The Counted, to record the deaths of people at the hands of US police. When informed of the comprehensive reporting project, which will also be crowdsourced, the families of those whose deaths led to international attention called The Counted a breakthrough. [Many] relatives, campaign groups, activists and authorities ... argue that a national standard of mandatory accounting is a prerequisite for an informed public discussion about the use of force by police. Erica Garner-Snipes, daughter of Eric Garner: "Giving this kind of data to the public is a big thing. Other incidents like murders and robberies are collected, so why not police-involved killings? With better records, we can look at what is happening and what might need to change."
Note: Another recent Guardian article, titled The Uncounted, describes why the U.S. government claims it is unable to keep track of killings by police, but does not mention that police shootings rise as crime falls.
During January 2011, Anabel Hernández's extended family held a party at a favourite cafe in the north of Mexico City. As one of the country's leading journalists ... Hernández had to leave early, as so often, "to finish an article". After she left ... gunmen burst in. But this was no robbery – it was "pure intimidation, aimed at my family, and at me." Hernández's offence was to write a book about the drug cartels that have wrought carnage across Mexico, taking some 80,000 lives. Narcoland: The Mexican Drug Lords and their Godfathers [is] about the mafia state; how the old Guadalajara cartel of the 1980s was protected by the Mexican government just as its heir, Guzmán's Sinaloa syndicate, is now. The threats began when Hernández's book was published in Mexico in 2010. Veteran reporter Mike O'Connor works full-time on behalf of Mexico's menaced reporters, based in Mexico City for the Committee to Protect Journalists. "The silencing of the press and killing of journalists is integral to the reality, the big story, of what is happening here," explains O'Connor. "The cartels are taking territory. For the cartels to take territory, three things have to happen. One is to control the institutions with guns – basically, the police. The second is to control political power. And, for the first two to be effective, you have to control the press." Hernández is "very pleased my book is being published in English, so it can be read in London and New York. I want it published ... where HSBC took Chapo Guzmán's money."
Note: Read more in this revealing article, or find out about the sweetheart deal the U.S. gave to the HSBC executives that were caught knowingly laundering millions of dollars for Mexican drug cartels.
In ... the Journal of Law, Medicine and Ethics (JLME), Donald W. Light of the School of Public Health, University of Medicine & Dentistry of NJ, wrote an article entitled “Risky Drugs: Why The FDA Cannot Be Trusted”. The bulk of his essay focuses not on his views about pharma’s competence but rather on his issues with the FDA. While I found a number of his comments troubling, the following stood out. “The ... article in JLME also presents systematic, quantitative evidence that since the industry started making large contributions to the FDA for reviewing its drugs, as it makes large contributions to Congressmen ... drugs approved are significantly more likely to cause serious harm, hospitalizations, and deaths.” This is a pretty damning comment. Basically, Light is saying that pharma paid congressmen to sponsor legislation that results in the FDA being beholden to pharma for funding for its work. Implicit in this is that, as a result of these large “contributions”, the grateful FDA is rapidly approving medicines that are harmful.
The controversial Trans-Pacific Partnership (TPP) is reaching its climax and as Congress hotly debates the biggest trade deal in a generation, its backers have turned on the cash spigot in the hopes of getting it passed. TPP passed another crucial vote ... to give Barack Obama the authority to speed the bill through Congress. The president’s own supporters, senior economists and a host of activists have lobbied against a pact they argue will favor big business but harm US jobs, fail to secure better conditions for workers overseas and undermine free speech. Fast-tracking the TPP, meaning its passage through Congress without having its contents available for debate or amendments, was only possible after lots of corporate money exchanged hands with senators. This chart shows all donations that corporate members of the US Business Coalition for TPP made to US Senate campaigns between January and March 2015, when fast-tracking the TPP was being debated in the Senate. Out of the total $1,148,971 given, an average of $17,676.48 was donated to each of the 65 “yea” votes. The average Republican member received $19,673.28 from corporate TPP supporters. The average Democrat received $9,689.23 from those same donors. Almost 100% of the Republicans in the US Senate voted for fast-track.
Congress is in an intense debate over trade bills that will shape the course of the US economy for decades. Modern “trade” agreements are often less about trade and more about giant multinational corporations finding new ways to rig the economic system to benefit themselves. The president argues that the TPP is about who will “write the rules” for 40 percent of the world’s economy — the United States or China. But who is writing the TPP? The text has been classified and the public isn’t permitted to see it, but 28 trade advisory committees have been intimately involved in the negotiations. Of the 566 committee members, 480, or 85 percent, are senior corporate executives or representatives from industry lobbying groups. Many of the advisory committees are made up entirely of industry representatives. A rigged process leads to a rigged outcome. By definition, massive trade deals like the TPP override domestic laws written, debated, and passed by Congress. Treasury Secretary Jack Lew has testified before Congress that trade negotiations involve “pressure to lower standards” on financial regulations and other public interest laws, and that President Obama has resisted that pressure. But Obama will soon leave office, and he cannot bind a future president. This legislation risks giving a future president a powerful tool to undermine public interest regulations under the guise of promoting commerce.
Note: US senator Elizabeth Warren and US representative Rosa DeLauro wrote the above article, which further clarifies why the Trans-Pacific Partnership may be a pending disaster. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
The May 20 settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust. The banks had engaged in the biggest price-fixing conspiracy in modern history. It was a "brazen display of collusion" that went on for years, said Attorney General Loretta Lynch. But there will be no trial [and] no executive will go to jail. The fines ... will be treated by the banks as costs of doing business. America used to have antitrust laws that permanently stopped corporations from monopolizing markets. No longer. The result has been higher prices for the many, and higher profits for the few. It's a hidden upward redistribution from the majority of Americans to corporate executives and wealthy shareholders. Similar upward distributions are occurring elsewhere in the economy. The four largest food companies control 82 percent of beef packing, 85 percent of soybean processing, 63 percent of pork packing, and 53 percent of chicken processing. Monsanto alone owns the key genetic traits to more than 90 percent of the soybeans planted by farmers in the United States, and 80 percent of the corn. Big Agribusiness wants to keep it this way. The list goes on, industry after industry, across the economy. Antitrust has been ambushed by the giant companies it was designed to contain. The market is rigged. And unless government unrigs it through bold antitrust action to restore competition, the upward distributions hidden inside the "free market" will become even larger.
Note: The above article was written by former US Secretary of Labor and current professor of public policy at UC Berkeley Robert Reich. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry and the income inequality that this contributes to.
The CIA can keep secret a nearly 7,000-page Senate report on harsh interrogation methods, as well as an internal agency review. The complete 6,963-page report compiled by the Senate Select Committee on Intelligence [is] exempt from the dictates of the Freedom of Information Act, U.S. District Judge James E. Boasberg concluded. The Senate committee report, he reasoned, remained a document under congressional control, and Congress made sure to exempt itself from FOIA. “Congress has undoubted authority to keep its records secret, authority rooted in the Constitution, longstanding practice, and current congressional rules,” Boasberg stated. Hina Shamsi, director of the ACLU National Security Project, voiced disappointment in the ruling. The Senate committee released a summary of the $40 million report last December, following years of back-and-forth.
Colonel Ian Henderson was a British official dubbed “the Butcher of Bahrain” because of atrocities he repeatedly committed during the 30 years he served as chief security official of that Middle Eastern country. A 2002 Guardian article reported that “during this time his men allegedly detained and tortured thousands of anti-government activists”; his official acts “included the ransacking of villages, sadistic sexual abuse and using power drills to maim prisoners”. Col. Henderson was never punished in any way. For years, human rights groups have fought to obtain ... a 37-year-old diplomatic cable, relating to British responsibility for Henderson’s brutality in Bahrain. Ordinarily, documents more than 30 years old are disclosable. Now, a governmental tribunal ruled ... that most of the diplomatic cable shall remain suppressed. The tribunal’s ruling was at least partially based on “secret evidence ... that the release of such information could jeopardise Britain’s new military base in the country.” This is the core mindset now prevalent in both the U.S. and U.K. for hiding their crimes from their own populations and the rest of the world: disclosure of what we did will embarrass and shame us, cause anger toward us, and thus harm our “national security.” This is exactly the same mentality driving the Obama administration’s years-long effort to suppress photographs showing torture of detainees by the U.S.. Obama insisted that to release the photos “would be to further inflame anti-American opinion and to put our troops in danger.”
The National Security Agency and its closest allies planned to hijack data links to Google and Samsung app stores to infect smartphones with spyware, a top-secret document reveals. The surveillance project was launched by a joint electronic eavesdropping unit called the Network Tradecraft Advancement Team, which includes spies from each of the countries in the “Five Eyes” alliance — the United States, Canada, the United Kingdom, New Zealand and Australia. The top-secret document, obtained from NSA whistleblower Edward Snowden ... outlines a series of tactics that the NSA and its counterparts in the Five Eyes were [using, which included] a method to hack and hijack phone users’ connections to app stores so that they would be able to send malicious “implants” to targeted devices. The implants could then be used to collect data from the phones without their users noticing. The agencies ... were also keen to find ways to hijack [app stores] as a way of sending “selective misinformation to the targets’ handsets” as part of so-called “effects” operations that are used to spread propaganda or confuse adversaries. Moreover, the agencies wanted to gain access to companies’ app store servers so they could secretly use them for “harvesting” information about phone users. The revelations are the latest to highlight tactics adopted by the Five Eyes agencies. Last year, The Intercept reported that the NSA ... was shown to have masqueraded as a Facebook server in order to hack into computers.
1971: A group of ordinary citizens broke into an FBI office in Media, Pennsylvania. What they discovered shocked them. Long before Edward Snowden’s revelations about NSA surveillance, these activist-burglars exposed COINTELPRO, the FBI’s illegal surveillance program that involved the intimidation of law-abiding Americans. For forty years the burglars kept their identities secret, but in Johanna Hamilton’s new film 1971, these previously anonymous Americans publicly tell their story for the first time. Hamilton took the time to talk to us about how she approached telling this story: "To me, every aspect of the story was compelling. A group of ordinary people who put everything on the line to protect freedom of speech and hold their government accountable. They were total outsiders who trained themselves for one night of amateur burglary in order to break into an FBI office — on a hunch! They manage to evade capture. The revelations from the break-in helped lead to the Church Committee hearings in Congress, which ended up establishing the first ever set of guidelines governing the FBI’s investigative powers. The Citizens’ Commission risked everything because they suspected the government was conducting illegal surveillance. And they were right. We are in the midst of the same discussion today. Post 9/11 we lost many of the checks and balances that the government normally operates under. Governments should not spy on law-abiding citizens — whether it’s Hoover’s FBI or today’s NSA."
For months, the U.N.'s top human rights officials knew about allegations of child sexual abuse by French soldiers in Central African Republic. But they didn't follow up because they assumed French authorities were handling it ... even as France pressed the U.N. for more information about the case. The deputy high commissioner for human rights also says that her colleague who first informed French authorities last July did it because he didn't think the recently created U.N. peacekeeping mission in Central African Republic would act on the allegations. A year after the U.N. first heard allegations from children as young as 9 that French soldiers had sexually abused them, sometimes in exchange for food, it seems that the only person who has been punished is the U.N. staffer who told French authorities. The Paris prosecutor's office this month, however, blamed the U.N. "hierarchy" for taking more than six months to supply answers to its questions. The U.N. finally handed over written answers on April 29, the Paris prosecutor's office said — the same day that the Guardian newspaper first made the French and U.N. inquiries public. French soldiers had been tasked with protecting civilians in Central African Republic from vicious violence between Christians and Muslims. Thousands of scared people had crammed into a camp for displaced people. Residents have told the AP that soldiers offered cookies, other food or bottles of water in exchange for sodomy or oral sex. It is still not clear where the accused soldiers are now.
Note: Explore powerful evidence from a suppressed Discovery Channel documentary showing that child sexual abuse scandals reach to the highest levels of government. For more along these lines, see concise summaries of deeply revealing news articles about sexual abuse scandals and government corruption from reliable major media sources.
Fossil fuel companies are benefitting from global subsidies of $5.3tn (Ł3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF ... says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments. The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. The biggest single source of air pollution is coal-fired power stations and China, with its large population and heavy reliance on coal power, provides $2.3tn of the annual subsidies. The next biggest fossil fuel subsidies are in the US ($700bn), Russia ($335bn), India ($277bn) and Japan ($157bn), with the European Union collectively allowing $330bn in subsidies to fossil fuels. Subsidy reforms are beginning in dozens of countries including Egypt, Indonesia, Mexico, Morocco and Thailand. In India, subsidies for diesel ended in October 2014. Coal use has also begun to fall in China for the first time this century. Shelagh Whitley, a subsidies expert at the Overseas Development Institute, said: “Our research shows that many of the energy subsidies highlighted by the IMF go toward finding new reserves of oil, gas and coal, which we know must be left in the ground if we are to avoid catastrophic, irreversible climate change.”
Note: The additional cost of suppressing new energy technologies does not appear to have been included in these IMF estimates.
Robert David Steele, former Marine, CIA case officer, and US co-founder of the US Marine Corps intelligence activity, is ... widely recognised as the leader of the Open Source Intelligence (OSINT) paradigm. In 1992, despite opposition from the CIA, he obtained Marine Corps permission to organise a landmark international conference on open source intelligence – the paradigm of deriving information to support policy decisions not through secret activities, but from open public sources available to all. The conference was such a success it brought in over 620 attendees from the intelligence world. But the CIA ... ensured that Steele was prohibited from running a second conference, [prompting] him to resign from his position as second-ranking civilian in Marine Corps intelligence. Last month, Steele presented a startling paper at the Libtech conference in New York. Drawing on principles set out in his latest book, The Open-Source Everything Manifesto ... he told the audience that all the major preconditions for revolution – set out in his 1976 graduate thesis – were now present in the United States and Britain. Steele's book ... connects up the increasing corruption, inefficiency and unaccountability of the intelligence system and its political and financial masters with escalating inequalities and environmental crises. But he also offers a comprehensive vision of hope. "Sharing, not secrecy, is the means by which we ... can create a nonzero win-win Earth that works for one hundred percent of humanity."
Five of the world’s largest banks have agreed to pay more than $5 billion in fines to settle charges made by regulatory agencies and the Justice Department that the banks had acted in concert to manipulate international interest and foreign currency exchange rates. Attorney General Loretta E. Lynch said the banks had engaged in “brazenly illegal behavior on a near-daily basis.” The scale of the price-fixing scandal is hard to grasp. It touched ... almost every company and individual in the financial markets. By tweaking global benchmarks used to set foreign exchange and interest rates for a staggering number of transactions a day, the banks — over several years — bilked billions of dollars of extra profits by altering rates in their favor. Critics complained that the Justice Department had failed to prosecute any additional individuals. Wall Street watchdog group Better Markets called it a “slap on the wrist,” and Sen. Elizabeth Warren (D-Mass.) said in an e-mail: “That’s not accountability for Wall Street. It’s business as usual, and it stinks.” Barclays, along with JPMorgan Chase, Royal Bank of Scotland Group and Citigroup, will plead guilty to conspiring to manipulate the price of U.S. currency and euros, authorities said. JPMorgan Chase said it had agreed to plead guilty to a single antitrust violation and pay a fine of $550 million. Under the resolution with the Fed, the firm will pay a fine of $342 million. The bank said it had previously set aside reserves for these settlements.
Note: When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.