Where'd the Bailout Cash Go? It's a Secret
Key Excerpts from Article on Website of CBS News/Associated Press
Where'd the Bailout Cash Go? It's a Secret
CBS News/Associated Press, December 22, 2008
Posted: 2008-12-26 09:35:59
After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending it. Some won't even talk about it. "We're choosing not to disclose that," said Kevin Heine, spokesman for Bank of New York Mellon, which received about $3 billion. The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest? None of the banks provided specific answers. Some banks said they simply didn't know where the money was going. There has been no accounting of how banks spend that money. The answers highlight the secrecy surrounding the Troubled Asset Relief Program, which earmarked $700 billion ... to help rescue the financial industry. Lawmakers summoned bank executives to Capitol Hill last month and implored them ... not to hoard it or spend it on corporate bonuses, junkets or to buy other banks. But there is no process in place to make sure that's happening and there are no consequences for banks that don't comply. Meanwhile, banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year. Congress attached nearly no strings to the $700 billion bailout in October. And the Treasury Department, which doles out the money, never asked banks how it would be spent. No bank provided even the most basic accounting for the federal money. Most banks wouldn't say why they were keeping the details secret.
Note: Explore key information that the bankers don't want you to know on the Federal Reserve, which is neither federal, nor a reserve. For more along these lines, see concise summaries of deeply revealing news articles on the banking bailout from reliable major media sources. Then explore the excellent, reliable resources suggesting major corruption provided in our Banking Information Center.
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U.S. Military Wanted to Provoke War With Cuba
2001-05-01, ABC News
In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban emigres, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's ... Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." The plans had the written approval of all of the Joint Chiefs of Staff and were presented to President Kennedy's defense secretary, Robert McNamara, in March 1962. But they apparently were rejected by the civilian leadership and have gone undisclosed for nearly 40 years. The Joint Chiefs even proposed using the potential death of astronaut John Glenn during the first attempt to put an American into orbit as a false pretext for war with Cuba. Should the rocket explode and kill Glenn, they wrote, "the objective is to provide irrevocable proof ... that the fault lies with the Communists." The scary thing is none of this stuff comes out until 40 years after.
Note: Why was ABC the only major news source to report on this highly revealing story? Read the shocking declassified documents on Operation Northwoods. Many military and political leaders look at the world as a grand chessboard. Sacrificing pawns (innocent civilians) is sometimes necessary to capture the queen. Explore revealing news articles on military corruption. Then check out eye-opening 9/11 news articles.
Inside the secretive Bilderberg Group
2005-09-29, BBC News
How much influence do private networks of the rich and powerful have on government policies and international relations? One group, the Bilderberg, has often attracted speculation that it forms a shadowy global government. Every year since 1954 [they have brought] together about 120 leading business people and politicians. At this year's meeting in Germany, the audience included the heads of the World Bank and European Central Bank, Chairmen or Chief Executives from Nokia, BP, Unilever, DaimlerChrysler and Pepsi ... editors from five major newspapers, members of parliament, ministers, European commissioners ... and the queen of the Netherlands. The chairman ... is 73-year-old Viscount Etienne Davignon. In an extremely rare interview, he played down the importance of Bilderberg. "I don't think (we are) a global ruling class because I don't think a global ruling class exists." Will Hutton ... who attended a Bilderberg meeting in 1997, says people take part in these networks in order to influence the way the world works, to create what he calls "the international common sense". And that "common sense" is one which supports the interests of Bilderberg's main participants. For Bilderberg's critics the fact that there is almost no publicity about the annual meetings is proof that they are up to no good. Bilderberg meetings often feature future political leaders shortly before they become household names. Bill Clinton went in 1991 while still governor of Arkansas, Tony Blair was there two years later while still an opposition MP. All the recent presidents of the European Commission attended Bilderberg meetings before they were appointed. Informal and private networks like Bilderberg have helped to oil the wheels of global politics and globalisation for the past half a century.
Note: Why is this meeting of top world leaders kept so secret? Why, until a few years ago, was there virtually no reporting on this influential group in the major media? Thankfully, the alternative media has had some good articles. And a Google search can be highly informative. Explore many other revealing major media news articles on powerful secret societies. And for those interested, check out reliable, eye-opening information covering the big picture of how and why these secret societies are using government-sponsored mind control programs to achieve their agenda.
[9/11] Hijack 'suspects' alive and well
2001-09-23, BBC News
Another of the men named by the FBI as a hijacker in the [9/11] suicide attacks on Washington and New York has turned up alive and well. The identities of four of the 19 suspects accused of having carried out the attacks are now in doubt. Saudi Arabian pilot Waleed Al Shehri was one of five men that the FBI said had deliberately crashed American Airlines flight 11 into the World Trade Centre on 11 September. His photograph was released, and has since appeared in newspapers and on television around the world. He told journalists there that he had nothing to do with the attacks. He has contacted both the Saudi and American authorities. He acknowledges that he attended flight training school at Daytona Beach in the United States, and is indeed the same Waleed Al Shehri to whom the FBI has been referring. But, he says, he left the United States in September last year [and] became a pilot with Saudi Arabian airlines. Abdulaziz Al Omari, another of the Flight 11 hijack suspects ... says he is an engineer with Saudi Telecoms, and that he lost his passport while studying in Denver. Meanwhile ... a London-based Arabic daily says it has interviewed Saeed Alghamdi. He was listed by the FBI as a hijacker in the United flight that crashed in Pennsylvania. And there are suggestions that another suspect, Khalid Al Midhar, may also be alive. FBI Director Robert Mueller acknowledged on Thursday that the identity of several of the suicide hijackers is in doubt.
Note: The deceptions in the 9/11 official story are clearly shown in this key story. The FBI never revised its list of alleged hijackers. These four are all listed in the official 9/11 Commission report as the hijackers. Click here and scroll down a little over half way to see their photos in the official report. For more, see this webpage. Explore also concise summaries of deeply revealing news articles with evidence of a 9/11 cover-up from reliable major media sources. Then examine an abundance of reliable information suggesting a major 9/11 cover-up.
The above three are excerpts from the 20 most revealing news articles ever published.
Below is a sample of the three articles most recently posted to this website.
Another Year, Another Failed Pentagon Audit
2022-11-18, Yahoo News
The Department of Defense underwent its fifth annual financial audit this year, and for the fifth time in a row, it failed. This year's audit involved a team of 1,600 analysts who visited 220 sites in person and 750 sites virtually as they reviewed the Pentagon's $3.5 trillion in assets and $3.7 trillion in liabilities. The overall audit was broken down into 27 units, of which nine received "clean" or passing grades, one received a modified grade, which can pass once an identified issue is resolved, and the rest received disclaimers due to a lack of complete data. The cost of the audit was estimated to be $218 million. Defense Department Comptroller Mike McCord said the results were similar to last year's. "We failed to get an 'A'," he told reporters earlier this week. "The process is important for us to do, and it is making us get better. It is not making us get better as fast as we want." McCord said he expects to see steady improvement in the use of financial controls at the Pentagon, but there are still challenges ahead. "Valuing properties is probably the hardest thing for us to do," he said. Dive into the fiscal year 2022 Defense Department audit here.
Note: Every company is expected to account for every dollar spent, yet the largest branch of government cannot account for literally trillions of dollars. Read other major media news articles showing incredible corruption in the Department of Defense to the tune of trillions of dollars. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.
The 'carbon pirates' preying on Amazon's Indigenous communities
2023-01-21, The Guardian (One of the UK's Leading Newspapers)
A number of Indigenous communities in the Amazon say that "carbon pirates" have become a threat to their way of life as western companies seek to secure deals in their territories for offsetting projects. Across the world's largest rainforest, Indigenous leaders say they are being approached by carbon offsetting firms promising significant financial benefits from the sale of carbon credits if they establish new projects on their lands, as the $2bn (Ł1.6bn) market booms with net zero commitments from companies in Europe and North America. Proponents of carbon markets, especially those that aim to protect rainforests, say that carbon credits are a good way to fund the new areas and pay Indigenous communities for the stewardship of their lands. The resulting credits could then be used for climate commitments by western companies. Indigenous communities are being taken advantage of in the unregulated sector, with opaque deals for carbon rights that can last up to a century, lengthy contracts written in English, and communities being pushed out of their lands for projects. Examples include Peru's largest ever carbon deal involving an unnamed extractive firm, where the Kichwa community claim they have been forced from their land in Cordillera Azul national park and received nothing from the $87m agreement. Several Indigenous communities spoke of training themselves in carbon market regulation and organising global exchanges to help others avoid falling victim to "carbon pirates".
Note: An excellent investigation reveals that over 90% of rainforest offsets are likely to be "phantom credits" and do not represent real carbon reductions, yet are being used by Disney, Shell, Gucci, Salesforce, the band Pearl Jam, and other large corporations. For more along these lines, see concise summaries of deeply revealing news articles on climate change from reliable major media sources.
$5.4 billion in covid aid may have gone to firms using suspect Social Security numbers
2023-01-30, Washington Post
The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington's haste earlier in the pandemic opened the door for widespread waste, fraud and abuse. The top watchdog overseeing stimulus spending – called the Pandemic Response Accountability Committee, or PRAC – offered the estimate in an alert issued Monday and shared early with The Washington Post. It came as House Republicans prepared to hold their first hearing this week to study the roughly $5 trillion in federal stimulus aid approved since spring 2020. The suspected wave of grift targeted two of the government's most generous emergency initiatives: the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, dubbed EIDL. Studying more than 33 million applicants, the PRAC uncovered more than 221,000 ineligible Social Security numbers on requests for small-business aid. That included thousands of cases where the number was "not issued" by the government, for example, or it did not match the correct name and birth information. More than a quarter of those applications, using nearly 70,000 suspect Social Security numbers, were still approved between April 2020 and October 2022 despite the questionable data – and the government loaned those applicants about $5.4 billion, the watchdog found. The full extent of taxpayers' losses remains unknown, even to Washington.
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