Government Corruption News ArticlesExcerpts of key news articles on government corruption
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.
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.
The [IRS] reports that the nation's 400 highest-earning households reported an average income of $345 million in 2007 — up 31% from 2006 — and that their average tax bill fell to a 15-year low. Bloomberg writes that the elite 400's average income more than doubled that year from $131.1 million in 2001, the year Congress adopted tax cuts urged by then-President George W. Bush. Each household in the top 400 of earners paid an average tax rate of 16.6 percent, the lowest since the agency began tracking the data in 1992. Their average effective tax rate was about half the 29.4 percent in 1993, the first year of President Bill Clinton's administration. The top 400 earners received a total $138 billion in 2007, up from $105.3 billion a year earlier. On an inflation-adjusted basis, their average income grew almost fivefold since 1992. Almost three-quarters of the highest earners' income was in capital gains and dividends taxed at a 15 percent rate set as part of Bush-backed tax cuts in 2003.
Note: For key reports from major media sources on income inequality, click here. And for a powerful summary of 10 top corporations which avoided taxes in most egregious ways, see the excellent list compiled by independent U.S. Senator Bernie Sanders at this link.
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.
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.
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.
Five robed radicals on the Supreme Court have pushed money-infused politics in the wrong direction by overturning a century's worth of campaign spending laws. Voters should prepare for the worst: cash-drenched elections presided over by free-spending corporations. The 5-to-4 ... majority's thinking is based on absolutist vision of free speech and belief that corporations and unions have the same constitutional protections as individuals when it comes to basic rights. This viewpoint is "a rejection of the common sense of the American people," said Justice John Paul Stevens, who read his angry dissent out loud. Corporations "are not themselves members of 'We the People,' by whom and for whom our Constitution was established." It's hard to overstate the legal sweep of the decision. It rejects two recent court rulings, one that barred corporations and unions from dipping into their treasuries to pay for candidate ads and the second that restricted these so-called independent expenditure efforts. The five-member majority didn't just blaze new ground; it torched the court's own past record. In practical terms, the decision amounts to a political earthquake. Big-money issues such as health care, cap-and-trade pollution controls and Wall Street regulations will drive attack ads against politicians who refuse to do the bidding of particular special interests.
Note: To join the over 40,000 who have already signed a petition to stop corporations from have legal personhood status in elections, click here. For more deep insights into the flaws in the US electoral system, click here. To read about the wonderful defender of elections free from corporate influence, Granny D, who recently passed away at the age of 100, click here.
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.
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?
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.
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.
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.
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.
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.
When Sept. 11, 2001, dawned, the Northeast Air Defense Sector in Rome, N.Y., went on full alert — to prepare for a training exercise that envisioned a sneak attack by Russian planes flying over the North Pole to bomb the United States, a prospect that Defense Secretary Robert McNamara had dismissed as outdated in 1966. Later that morning, ... three F-16 fighter jets were scrambled from Langley Air Force Base to form a combat air patrol over Washington. But degraded radio transmission quality meant that the pilots were left clueless about the nature of their mission. On seeing the Pentagon in flames, the lead fighter pilot later explained, “I reverted to the Russian threat. I’m thinking cruise missile threat from the sea. You know, you look down and see the Pentagon burning, and I thought the bastards snuck one by us. You couldn’t see any airplanes, and no one told us anything.” As senior counsel to the 9/11 Commission, [Farmer] investigated the derelict conduct of the national security apparatus. Now that numerous transcripts and tapes have been declassified, [in his book The Ground Truth] Farmer draws on them to assail the government’s official depiction of 9/11 as so much public relations flimflam. Both Deputy Defense Secretary Paul Wolfowitz and Vice President Dick Cheney, Farmer says, provided palpably false versions that touted the military’s readiness to shoot down United 93 before it could hit Washington. Planes were never in place to intercept it. Farmer ... was the attorney general of New Jersey and is the dean of the Rutgers School of Law,
Note: For more on Farmer's book, see a summary of this Time magazine article. For more on this, see concise summaries of deeply revealing 9/11 news articles from reliable major media sources.
Every phone call, text message, email and website visit made by private citizens is to be stored for a year and will be available for monitoring by government bodies. All telecoms companies and internet service providers will be required by law to keep a record of every customer's personal communications, showing who they have contacted, when and where, as well as the websites they have visited. Despite widespread opposition to the increasing amount of surveillance in Britain, 653 public bodies will be given access to the information, including police, local councils, the Financial Services Authority, the ambulance service, fire authorities and even prison governors. They will not require the permission of a judge or a magistrate to obtain the information, but simply the authorisation of a senior police officer or the equivalent of a deputy head of department at a local authority. The Government announced yesterday it was pressing ahead with privately held "Big Brother" databases that opposition leaders said amounted to "state-spying" and a form of "covert surveillance" on the public. It is doing so despite its own consultation showing that it has little public support. The new rules ... will not only force communications companies to keep their records for longer, but to expand the type of data they keep to include details of every website their customers visit.
Note: For many more reports from major media sources on the disturbing trend toward increasing government and corporate surveillance and loss of privacy, click here.
In August 2009, CBS News made a simple request of the Centers for Disease Control and Prevention for public documents, e-mails and other materials CDC used to communicate to states the decision to stop testing individual cases of Novel H1N1, or "swine flu." When the public affairs folks at CDC refused to produce the documents and quit responding to my queries altogether, I filed a formal Freedom of Information (FOI) request for the materials. Two months after my FOI request, the CDC has yet to produce any of these easily retrievable materials. This has become standard operating procedure in Washington. Today, I received a letter from the CDC Freedom of Information office ... to inform me that my request for "expedited" treatment of my FOI request has been denied because CDC has determined the request is "not a matter of widespread and exceptional media and public interest." The CDC may be the only agency on the planet to argue that testing and counting of swine flu cases is "not of widespread and exceptional media and public interest." CBS News reporting on the topic has been quoted and reproduced internationally by news organizations such as California NPR, radio talk shows and others. The Freedom of Information Act ... was supposed to stop federal agencies from using their power and control to withhold public information from the people who own it. Many federal agencies use it to obstruct the delay or release of obviously public information.
Note: See powerful media reports suggesting that both the Avian Flu and Swine Flu were manipulated to promote fear and boost pharmaceutical sales. For other verifiable information on health corruption, see the excellent, reliable resources provided in our Health Information Center.
If you've been diagnosed "probable" or "presumed" 2009 H1N1 or "swine flu" in recent months, you may be surprised to know this: odds are you didn’t have H1N1 flu. In fact, you probably didn’t have flu at all. That's according to state-by-state test results obtained in a three-month-long CBS News investigation. Why the uncertainty about who has and who hasn't had H1N1 flu? In late July, the CDC abruptly advised states to stop testing for H1N1 flu, and stopped counting individual cases. CBS News learned that the decision to stop counting H1N1 flu cases was made so hastily that states weren't given the opportunity to provide input. When CDC did not provide us [CBS News] with the material, we filed a Freedom of Information request with the Department of Health and Human Services (HHS). More than two months later, the request has not been fulfilled. We also asked CDC for state-by-state test results prior to halting of testing and tracking, but CDC was again, initially, unresponsive. We asked all 50 states for their statistics on state lab-confirmed H1N1 prior to the halt of individual testing and counting in July. The vast majority of cases were negative for H1N1 as well as seasonal flu, despite the fact that many states were specifically testing patients deemed to be most likely to have H1N1 flu, based on symptoms and risk factors, such as travel to Mexico. With most cases diagnosed solely on symptoms and risk factors, the H1N1 flu epidemic may seem worse than it is.
Note: Some states found that less than 2% of cases claimed to be swine flu turned out to be the real thing. The numbers have been greatly exaggerated. Yet the drug companies raked in billions of dollars in profit from all the fear mongering. For more reliable information on this, click here and here.
Long-secret security tapes showing the chaos immediately after the 1995 bombing of the Oklahoma City federal building are blank in the minutes before the blast and appear to have been edited, an attorney who obtained the recordings said Sunday. "The real story is what's missing," said Jesse Trentadue, a Salt Lake City attorney who obtained the recordings through the federal Freedom of Information Act as part of an unofficial inquiry he is conducting into the April 19, 1995, bombing that killed 168 people and injured hundreds more. The tapes turned over by the FBI came from security cameras various companies had mounted outside office buildings near the Alfred P. Murrah Federal Building. They are blank at points before 9:02 a.m., when a truck bomb carrying a 4,000-pound fertilizer-and-fuel-oil bomb detonated in front of the building, Trentadue said. "Four cameras in four different locations going blank at basically the same time on the morning of April 19, 1995. There ain't no such thing as a coincidence," Trentadue said. He said government officials claim the security cameras did not record the minutes before the bombing because "they had run out of tape" or "the tape was being replaced." "The absence of footage from these crucial time intervals is evidence that there is something there that the FBI doesn't want anybody to see." Trentadue said he is seeking more tapes along with a variety of bombing-related documents from the FBI and the CIA. An FOIA request by Trentadue for 26 CIA documents was rejected in June. A letter from the National Geospatial-Intelligence Agency, which reviewed the documents, said their release "could cause grave damage to our national security."
Note: This revealing article also tells how Trentadue's brother was murdered by FBI agents who mistakenly thought his brother was the bomber. For more valuable information on this and other evidence challenging the official story of the Oklahoma City bombing, click here.
A special comment on health care reform in this country. The insurance industry owns the Republican Party. Not exclusively. Pharma owns part of it, too. Hospitals and HMO's, another part. Sen. John Thune of South Dakota ... has thus far received from the Health Sector, campaign contributions ... amounting to $1,206,176. How about Rep. Ginny Brown-Waite? Are you truly worth every dollar of the $369,000,255 ... you have received over the years from the Health Sector? [And Democrat] Bart Gordon of Tennessee ... $1,173,000 in donations from the Health Sector. [Democratic Senator] Max Baucus of Montana, ... you're supposed to be negotiating all this out with the Republicans and hesitant Democrats? Your price has been ... $414,000 in donations from hospitals, about $667,000 from the insurance companies and just over $1,000,000 from Big Pharma. Mr. Baucus, you are not the Senator from Schering-Plough Global Health Care, even if they have already given you $76,000 towards your re-election. We could bring up Senator Hagan ... who, at $628,000, appears to represent the insurance industry and not North Dakota. I could bring up Sen. Carper, and Sen. Blanche Lincoln. I could bring up all the other Democrats doing their masters' bidding in the House or the Senate. Every poll, every analysis, every vote, every region of this country supports health care reform, and the essential great leveling agent of a government-funded alternative to ... profiteering private insurance corporations.
Note: For an excellent analysis of the huge influence of the pharmaceutical industry over our government by the former editor-in-chief of the esteemed New England Journal of Medicine, click here. It's time to get the money influence out of politics and shift from our current one dollar equals one vote to one person equals one vote.
"The total potential federal government support could reach up to $23.7 trillion," says Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, in a report released today on the government's efforts to fix the financial system. "The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable," said Rep. Darrell Issa, R-Calif., ranking member on the House Oversight and Government Reform Committee. "If you spent a million dollars a day going back to the birth of Christ, that wouldn't even come close to just $1 trillion -- $23.7 trillion is a staggering figure." The government has about 50 different programs to fight the current recession, including programs to bail out ailing banks and automakers, boost lending and beat back the housing crisis. So far they've cost taxpayers around $4 trillion. But Barofsky says if each federal agency spent the maximum potential amount involved in these initiatives, taxpayers could be on the hook for trillions more. The watchdog also warned today that hundreds of billions of taxpayer dollars could be lost if the government does not increase the transparency of the TARP program, which he says has grown to an unprecedented scope and scale. Requiring TARP recipients to report on how government funds are used is among the recommendations urged by Barofsky. He also wants the department to report on the values of its TARP portfolio so taxpayers know about the value of their investments.
Note: For a treasure trove of revelations from reliable sources on the hidden realities behind the Wall Street bailout, 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.