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Government Corruption News Articles
Excerpts of key news articles on government corruption


Below are key excerpts of little-known, yet highly revealing news articles on government corruption from the major media. Links are provided to the full news articles for verification. If any link fails to function, read this webpage. These articles on government corruption are listed by order of importance. You can also explore them ordered by the date of the article or by the date posted. By choosing to educate ourselves, we can 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.


Senate Blocks Bid to Audit Federal Reserve
2009-07-09, Fox News
http://www.foxnews.com/story/0,2933,531045,00.html

JUDGE ANDREW NAPOLITANO, HOST: Despite growing pressure from the House and ordinary people, the Senate decided not to increase scrutiny on the Federal Reserve. They actually blocked a bid on procedural grounds to have the Government Accountability Office audit the Federal Reserve and issue a report. Here is Republican Senator Jim DeMint. Senator DeMint, ... Why should the Federal Reserve be audited? DEMINT: Well, the value of our dollar, our whole economic system, rides on [this] unelected, secret agency called the Federal Reserve. We're not sure what they're doing right now. And Ron Paul in the House with over half of the House signing up as cosponsors, and me and Bernie Sanders in the Senate are pushing the idea of a complete audit of the Federal Reserve, because frankly, a lot of us here in this country and around the world, are concerned that we're going to destroy the American dollar and the worldwide reserve currency. NAPOLITANO: How is it that legislation that has more than half the members of the House behind it and is proposed by a staunch conservative Republican like you and then independent socialists like Bernie Sanders is stopped on the floor of the Senate cold before you can even formally introduce it, before you can make a speech in favor of it? DEMINT: Well, if we could get the Federal Reserve under control, it would make it more difficult for the Obama administration, I think, to carry out the continued spending and growing of debt. Because one thing we're concerned about is the Federal Reserve ... will do what we call monetize the debt, basically print money, buy our own debt as a country, and devalue the dollar that way.

Note: For two powerful, short videos revealing efforts to expose the intriguing secrets of the Federal Reserve, click here and here. If you care about the financial health of the U.S. and its implications in our world, these are both must watch videos.


'Bailout psychology' destroying the economy
2009-04-05, San Francisco Chronicle (San Francisco's leading newspaper)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/04/INR316Q4F5.DTL

President Obama must stop the bailouts and start the prosecutions. It's time to focus on anti-poverty programs to protect the growing unemployed from hunger and homelessness. Stealth payments to billionaire bondholders must cease immediately. Since the mid-1970s, average Americans' wages have stayed flat when adjusted for inflation. Productivity rose, profits rose, but not wages. To compensate for stagnant wages and the desire to consume more each year, Americans worked more, retired later, spouses went to work, and many burned savings. Then they started borrowing. Debt became America's growth industry. The scheme collapsed because Americans' wages weren't sufficient to pay the interest on existing debts. The administration and the banks keep talking about a credit crisis, but there isn't one. Banks are lending. If you want a mortgage and can afford to pay it back, you can borrow at low rates today. But most Americans don't want more debt because it is a debilitating path to poverty. The average American family already pays 14 percent of annual income in interest to banks. To fix this fake crisis, there are fake discussions about what the government must do. The endlessly recycled plan to buy "troubled" assets isn't to get banks lending again, because they haven't stopped lending. The plan seeks for taxpayers to buy worthless assets at high prices to absorb rich investors' losses. That's it. It keeps coming back as a different plan, but with that same goal. There is no goal beyond that one goal: keep rich people from taking losses.

Note: For an extensive archive of key reports on the hidden realities of the Wall Street bailout, click here.


Several Clay County Officials Arrested On Federal Charges
2009-03-21, MSNBC
http://www.msnbc.msn.com/id/29778909

Five Clay County [Kentucky] officials, including the circuit court judge, the county clerk, and election officers were arrested Thursday after they were indicted on federal charges accusing them of using corrupt tactics to obtain political power and personal gain. The 10-count indictment, unsealed Thursday, accused the defendants of a conspiracy from March 2002 until November 2006 that violated the Racketeering Influenced and Corrupt Organizations Act (RICO). The defendants were also indicted for extortion, mail fraud, obstruction of justice, conspiracy to injure voters' rights and conspiracy to commit voter fraud. According to the indictment, these alleged criminal actions affected the outcome of federal, local, and state primary and general elections in 2002, 2004, and 2006. Clay County Circuit Court Judge Russell Cletus Maricle, 65, and school superintendent Douglas C. Adams, 57, allegedly used their status in the county to influence the appointment of corrupt members to the Clay County Board of Election Officials. [They also] caused election officers to commit acts of extortion, mail fraud, and bribery. Clay County Clerk, Freddy Thompson, 45, allegedly provided money to election officers to be distributed by the officers to buy votes. He also instructed officers how to change votes at the voting machine. Paul E. Bishop, 60, ... hosted alleged meetings at his home where money was pooled together by candidates and distributed to election officers, including himself. He was also accused of instructing the officers how to change votes at the voting machine. The investigation preceding the indictment was conducted by the FBI, Kentucky State Police, and Appalachia

Note: For some strange reason, the article is no longer available at the link above. To read it on an MSNBC affiliate website, click here. The media have almost always proclaimed that voting machine tampering has never been proven to affect election outcome. This article demonstrates that not only does it happen, but it may be much more prevalent than most would think. For more on this indictment, click here. For more reliable information on widespread election fraud, click here.


Prison Spending Outpaces All but Medicaid
2009-03-03, New York Times
http://www.nytimes.com/2009/03/03/us/03prison.html

One in every 31 adults, or 7.3 million Americans, is in prison, on parole or probation, at a cost to the states of $47 billion in 2008, according to a new study. Criminal correction spending is outpacing budget growth in education, transportation and public assistance, based on state and federal data. Only Medicaid spending grew faster than state corrections spending, which quadrupled in the past two decades, according to [a new report] by the Pew Center on the States, the first breakdown of spending in confinement and supervision in the past seven years. The increases in the number of people in some form of correctional control occurred as crime rates declined by about 25 percent in the past two decades. As states face huge budget shortfalls, prisons, which hold 1.5 million adults, are driving the spending increases. Pew researchers say that as states trim services like education and health care, prison budgets are growing. Those priorities are misguided, the study says. States are looking to make cuts that will have long-term harmful effects,” said Sue Urahn, managing director of the Pew Center on the States. “Corrections is one area they can cut and still have good or better outcomes than what they are doing now.” About $9 out of $10 spent on corrections goes to prison financing (that includes money spent to house 780,000 people in local jails). One in 11 African-Americans, or 9.2 percent, are under correctional control, compared with one in 27 Latinos (3.7 percent) and one in 45 whites (2.2 percent).

Note: Crime is down 25%, yet prison spending is 400% of what it was 20 years ago. Is there anything strange here? The prison-industrial complex is mighty big and in many ways mighty corrupt.


Whistleblower exposes spying on Americans
2009-01-22, MSNBC Countdown With Keith Olberman
http://www.msnbc.msn.com/id/28794766/

OLBERMANN: It has taken less than 24 hours after the Bush presidency ended for a former analyst at the National Security Agency to come forward to reveal new allegations about how this nation was spied on by its own government. Russell Tice [reveals] that under the collar of fighting terrorism, the Bush administration was also targeting specific groups of Americans for surveillance. TICE: The National Security Agency had access to all Americans‘ communications, faxes, phone calls, and their computer communications. They monitored all communications. What was done was a sort of an ability to look at the meta data, the signaling data for communications, and ferret that information to determine what communications would ultimately be collected. Basically, filtering out sort of like sweeping everything with that meta data, and then cutting down ultimately what you are going to look at and what is going to be collected, and in the long run have an analyst look at, you know, needles in a haystack for what might be of interest. OLBERMANN: I mention that you say specific groups were targeted. What group or groups can you tell us about? TICE: [Some of the groups they] collected on were U.S. news organizations and reporters and journalists. The collection ... was 24/7, and you know, 365 days a year, and it made no sense.

Note: To watch this revealing clip on video, click here. For many reports on government surveillance and invasions of privacy, click here.


U.S. Embassy in Iraq Largest, Most Expensive Ever
2009-01-05, Fox News
http://www.foxnews.com/story/0,2933,476464,00.html

After much delay the United States opened its new $700 million embassy in Iraq on Monday, inaugurating the largest — and most expensive — embassy ever built. The compound is six times larger than the United Nations compound in New York, and two-thirds the size of the National Mall in Washington. It has space for 1,000 employees with six apartment blocks and is 10 times larger than any other U.S. embassy. Critics have said that the embassy's fortress-like design and immense size show a fundamental disconnect between the U.S. and conditions on the ground in Iraq. “The presence of a massive U.S. embassy — by far the largest in the world — co-located in the Green Zone with the Iraqi government is seen by Iraqis as an indication of who actually exercises power in their country,” the International Crisis Group, a European-based research group, said in 2006. "The idea of an embassy this huge, this costly, and this isolated from events taking place outside its walls is not necessarily a cause for celebration," architectural historian Jane Loeffler wrote in Foreign Affairs in 2007. “Although the U.S. Government regularly proclaims confidence in Iraq’s democratic future, the U.S. has designed an embassy that conveys no confidence in Iraqis and little hope for their future. Instead, the U.S. has built a fortress capable of sustaining a massive, long-term presence in the face of continued violence.”

Note: Why would the U.S. want Iraq (estimated population 28 million) to have an embassy 10 times or more larger than that of China (over a billion people), Canada, Japan, or for that matter many other countries? And why isn't any major media besides Fox even raising this key question? Look at the AP article which has virtually nothing critical. Could this possibly have anything to do with control of oil and other precious resources there?


Bush Insider Who Planned To Tell All Killed In Plane
2008-12-20, New York Times
http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docKey=6...

Michael Connell, the Bush IT expert who has been directly implicated in the rigging of George Bush's 2000 and 2004 elections, was killed last night when his single engine plane crashed three miles short of the Akron airport. Velvet Revolution ("VR"), a non-profit that has been investigating Mr. Connell's activities for the past two years, can now reveal that a person close to Mr. Connell has recently been discussing with a VR investigator how he can tell all about his work for George Bush. Mr. Connell told a close associate that he was afraid that George Bush and Dick Cheney would "throw [him] under the bus." A tipster close to the McCain campaign disclosed to VR in July that Mr. Connell's life was in jeopardy and that Karl Rove had threatened him and his wife, Heather. VR's attorney, Cliff Arnebeck, notified the United States Attorney General, Ohio law enforcement and the federal court about these threats and insisted that Mr. Connell be placed in protective custody. VR also told a close associate of Mr. Connell's not to fly his plane because of another tip that the plane could be sabotaged. Mr. Connell, a very experienced pilot, has had to abandon at least two flights in the past two months because of suspicious problems with his plane. On December 18, 2008, Mr. Connell flew to a small airport outside of Washington DC to meet some people. It was on his return flight the next day that he crashed.

Note: WantToKnow.info supporter Dr. Josh Mitteldorf downloaded this essay from the New York Times website the day it was published, but then was surprised to find it removed the very next day. You can find the article as it originally appeared at this link. For an excellent OpEdNews article by Dr. Mitteldorf on this most strange death and why it matters, click here. And for the deposition of Stephen Spoonamore, a Republican insider and computer consultant who came out as whistleblower on this matter, click here.


The Madoff Economy
2008-12-19, New York Times
http://www.nytimes.com/2008/12/19/opinion/19krugman.html?partner=rss&emc=rss&...

The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend. Yet ... how different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole? The financial services industry has claimed an ever-growing share of the nation’s income over the past generation, making the people who run the industry incredibly rich. Yet, at this point, it looks as if much of the industry has been destroying value, not creating it. And it’s not just a matter of money: the vast riches achieved by those who managed other people’s money have had a corrupting effect on our society as a whole. Last year, the average salary of employees in “securities, commodity contracts, and investments” was more than four times the average salary in the rest of the economy. Earning a million dollars was nothing special, and even incomes of $20 million or more were fairly common. The incomes of the richest Americans have exploded over the past generation, even as wages of ordinary workers have stagnated. High pay on Wall Street was a major cause of that divergence. Wall Street’s ill-gotten gains corrupted and continue to corrupt politics, in a nicely bipartisan way. From Bush administration officials ... who looked the other way as evidence of financial fraud mounted, to Democrats who still haven’t closed the outrageous tax loophole that benefits executives at hedge funds and private equity firms ... politicians have walked when money talked. The pay system on Wall Street lavishly rewards the appearance of profit, even if that appearance later turns out to have been an illusion.

Note: This entire, penetrating article is well worth a read at the link above. For many revealing reports from reliable sources on the realities of the Wall Street bailout, click here.


US diluted loan rules before crash
2008-12-01, ABC News/Associated Press
http://abclocal.go.com/wpvi/story?section=news/business&id=6532267

The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris Welch wrote to U.S. regulators in January 2006, about one year before the housing implosion cost her a job. Bowing to aggressive lobbying - along with assurances from banks that the troubled mortgages were OK - regulators delayed action for nearly one year. By the time new rules were released late in 2006, the toughest of the proposed provisions were gone and the meltdown was under way. The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive government intervention since the 1930s. Many of the banks that fought to undermine the proposals by some regulators are now either out of business or accepting billions in federal aid to recover from a mortgage crisis they insisted would never come. In 2005, faced with ominous signs the housing market was in jeopardy, bank regulators proposed new guidelines for banks writing risky loans. Those proposals all were stripped from the final rules.

Note: For many revealing reports on the Wall Street bailout from reliable sources, click here.


All Fall Down
2008-11-26, New York Times
http://www.nytimes.com/2008/11/26/opinion/26friedman.html?partner=rss&emc=rss...

I spent Sunday afternoon brooding over a [New York Times] front-page article, entitled ["Citigroup Saw No Red Flags Even as It Made Bolder Bets”]. In searing detail it exposed ... how some of our country’s best-paid bankers were overrated dopes who had no idea what they were selling, or greedy cynics who did know and turned a blind eye. But it wasn’t only the bankers. This financial meltdown involved a broad national breakdown in personal responsibility, government regulation and financial ethics. So many people were in on it: People who had no business buying a home, with nothing down and nothing to pay for two years; people who had no business pushing such mortgages, but made fortunes doing so; people who had no business bundling those loans into securities and selling them to third parties, as if they were AAA bonds, but made fortunes doing so; people who had no business rating those loans as AAA, but made fortunes doing so; and people who had no business buying those bonds and putting them on their balance sheets so they could earn a little better yield, but made fortunes doing so. Citigroup was involved in, and made money from, almost every link in that chain. And the bank’s executives, including ...the former Treasury Secretary Robert Rubin, were ... so ensnared by the cronyism between the bank’s risk managers and risk takers (and so bought off by their bonuses) that they had no interest in stopping it. These are the people whom taxpayers bailed out on Monday to the tune of what could be more than $300 billion.

Note: For many revealing reports on the Wall Street bailout from major media sources, click here.


Treasury gives banks multi-billion tax break windfall
2008-11-11, San Francisco Chronicle/Associated Press
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/11/BUTP141OVI.DTL

Some of the nation's biggest banks are in for a windfall – on top of the $700 billion government bailout – thanks to a new tax policy quietly issued by the Treasury Department. The notice gives big tax breaks to companies that acquire struggling banks hit hard by the mortgage crisis. In some cases, the tax breaks could exceed the cost of acquiring the banks, according to analyses by private tax experts. The change could cost the Treasury as much as $140 billion by enabling firms that acquire struggling banks to use more losses incurred by those banks to offset their own taxable profits. San Francisco's Wells Fargo & Co., which made a bid to acquire Wachovia Corp. just days after the notice was issued, stands to reap about $20 billion in additional tax savings because of the change, according to the analyses. Wells Fargo paid $14.8 billion in a stock deal to buy Wachovia. The notice was issued Sept. 30 as Congress debated the $700 billion bailout plan. Some members of Congress are upset that such a sweeping tax change was issued with no public hearings or congressional input. "I am concerned that the notice, which was never debated by Congress, could end up costing taxpayers tens of billions of more dollars on top of the hundreds of billions of dollars already approved by Congress in the financial rescue plan," Sen. Chuck Schumer, D-N.Y., said in a letter last week to Treasury Secretary Henry Paulson. Some tax lawyers questioned the legality of the notice. Before the notice was issued, the merged bank could write off only a limited amount of the losses. The notice removed those restrictions, enabling the acquiring banks to make huge reductions in their tax liabilities.

Note: With no limitations placed on the nine biggest banks receiving many billions of dollars in bailout money, they are free to buy up smaller banks. And they will likely receive huge tax breaks, sometimes even greater than the purchase price, for doing so! For many revealing, reliable reports on the Wall Street bailout, click here.


New Terrain for Panel on Bailout
2008-11-04, New York Times
http://www.nytimes.com/2008/11/04/business/economy/04bailout.html?partner=rss...

Having been handed vast authority and almost no restrictions in the bailout law that Congress passed ... a committee of five little-known government officials, aided by a bare-bones staff of 40, is picking winners and losers among thousands of banks, savings and loans, insurers and other institutions. It is new and unfamiliar terrain for the officials, who are making monumental decisions — a form of industrial policy, some critics say — that contradict the free market philosophy they usually espouse. Predictably, the process is stirring alarm from Capitol Hill to Wall Street. Among the problems, critics say, is that despite earlier promises of transparency, the process is shrouded in secrecy, its precise goals opaque. Treasury officials have refused to disclose their criteria for deciding which banks ... get money. And officials have yet to say they even have a broader strategy, though banking executives are convinced the government wants to encourage acquisitions. Already, critics from Capitol Hill to Wall Street are lashing out at the program, saying the banks are misusing the capital infusions by hoarding the money rather than lending it. The government, the critics say, is wrongly steering funds to banks to take over weaker rivals. All this comes after Mr. Paulson abruptly shifted the focus of the program to injecting capital rather than buying distressed mortgage-related assets from the banks. This meant that Congress had never debated the details of how the government ought to carry out a recapitalization.

Note: With the intense secrecy and all of the lobbyist and big guns for banking fighting for hundreds of billions of dollars given practically free by the government, do you really think these "five little-known government officials" will be impartial in their decisions? For many revealing, reliable reports on the Wall Street bailout, click here.


So When Will Banks Give Loans?
2008-10-25, New York Times
http://www.nytimes.com/2008/10/25/business/25nocera.html?partner=rssuserland&...

“Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?” It was Oct. 17, just four days after JPMorgan Chase’s chief executive, Jamie Dimon, agreed to take a $25 billion capital injection courtesy of the United States government, when a JPMorgan employee asked that question [during] an employee-only conference call. The JPMorgan executive who was moderating the employee conference call didn’t hesitate to answer. “What we ... think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way.” Read that answer as many times as you want — you are not going to find a single word in there about making loans to help the American economy. On the contrary: It is starting to appear as if one of Treasury’s key rationales for the recapitalization program — namely, that it will cause banks to start lending again — is a fig leaf, Treasury’s version of the weapons of mass destruction. In fact, Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation. Treasury would even funnel some of the bailout money to help banks buy other banks. And, in an almost unnoticed move, it recently put in place a new tax break, worth billions to the banking industry, that has only one purpose: to encourage bank mergers. As a tax expert, Robert Willens, put it: “It couldn’t be clearer if they had taken out an ad.”

Note: Was the real purpose of the "bailout" to strengthen the biggest banks by enabling them to gobble up the smaller ones at the public's expense? No wonder the legislation was rushed through without discussion! For lots more highly revealing reports on the Wall Street bailout, click here.


EPA silences employees
2008-07-29, Los Angeles Times/Associated Press
http://www.latimes.com/news/nationworld/nation/la-na-epagag29-2008jul29,0,585...

The Environmental Protection Agency is telling its pollution enforcement officials not to talk with congressional investigators, reporters and even the agency's own inspector general, according to an internal e-mail provided to The Associated Press. The June 16 message instructs 11 managers in the EPA's Office of Enforcement and Compliance Assurance, the branch of the agency charged with making sure environmental laws are followed, to remind their staff members to keep quiet. "If you are contacted directly by the IG's office or GAO requesting information of any kind . . . please do not respond to questions or make any statements," reads the e-mail sent by Robbi Farrell, the division's chief of staff. Instead, staff members should forward inquiries to a designated EPA representative, the memo says. Public Employees for Environmental Responsibility obtained the e-mail and provided it to the AP. The group is a nonprofit alliance of local, state and federal professionals. Jeff Ruch, its executive director, said ... the e-mail reinforces a "bunker mentality" within EPA under the Bush administration. "The clear intention behind this move is to chill the cubicles by suppressing any uncontrolled information." The Office of Inspector General said it did not approve of the language in the e-mail. "All EPA officials and employees are required to cooperate with OIG," the statement said. "This cooperation includes providing the OIG full and unrestricted access to EPA documents, records, and personnel."

Note: For many revealing reports on government secrecy from major media sources, click here.


American inequality highlighted by 30-year gap in life expectancy
2008-07-17, The Independent (One of the U.K.'s leading newspapers)
http://www.independent.co.uk/news/world/americas/american-inequality-highligh...

The United States of America is becoming less united by the day. A 30-year gap now exists in the average life expectancy between Mississippi, in the Deep South, and Connecticut, in prosperous New England. Huge disparities have also opened up in income, health and education depending on where people live in the US, according to a report published yesterday. The American Human Development Index has [issued a report] measuring well-being ... with shocking results. The US finds itself ranked 42nd in global life expectancy and 34th in survival of infants to age. Suicide and murder are among the top 15 causes of death and although the US is home to just 5 per cent of the global population it accounts for 24 per cent of the world's prisoners. The report points to a rigged system that does little to lessen inequalities. "The report shows that although America is one of the richest nations in the world, it is woefully behind when it comes to providing opportunity and choices to all Americans to build a better life," the authors said. Some of its more shocking findings reveal that ... Asian-American males have the best quality of life and black Americans the lowest, with a staggering 50-year life expectancy gap between the two groups. Using official government statistics, the study points out that because American schools are funded primarily from local property taxes, rich districts get the best state education. The US has no federally mandated sick pay, paternity leave or annual paid vacation.

Note: For lots more on health issues from reliable, verifiable sources, click here.


BAE: secret papers reveal threats from Saudi prince
2008-02-15, The Guardian (One of the U.K.'s leading newspapers)
http://www.guardian.co.uk/world/2008/feb/15/bae.armstrade

Saudi Arabia's rulers threatened to make it easier for terrorists to attack London unless corruption investigations into their arms deals were halted, according to court documents revealed yesterday. Previously secret files describe how investigators were told they faced "another 7/7" and the loss of "British lives on British streets" if they pressed on with their inquiries and the Saudis carried out their threat to cut off intelligence. Prince Bandar, the head of the Saudi national security council, and son of the crown prince, was alleged in court to be the man behind the threats to hold back information about suicide bombers and terrorists. He faces accusations that he himself took more than Ł1bn in secret payments from the arms company BAE. He was accused in yesterday's high court hearings of flying to London in December 2006 and uttering threats which made the prime minister, Tony Blair, force an end to the Serious Fraud Office investigation into bribery allegations involving Bandar and his family. The threats halted the fraud inquiry. Lord Justice Moses, hearing the civil case with Mr Justice Sullivan, said the government appeared to have "rolled over" after the threats. He said one possible view was that it was "just as if a gun had been held to the head" of the government. The SFO investigation began in 2004, when Robert Wardle, its director, studied evidence unearthed by the Guardian. This revealed that massive secret payments were going from BAE to Saudi Arabian princes, to promote arms deals. Yesterday, anti-corruption campaigners began a legal action to overturn the decision to halt the case. They want the original investigation restarted, arguing the government had caved into blackmail.

Note: This report comes very close to confirming the close link between terrorist attacks and high-level policy of certain states. For many revealing clues along these lines from reliable sources, click here.


Bush, aides made 935 false statements in run-up to war
2008-01-23, CNN
http://www.cnn.com/2008/POLITICS/01/23/bush.iraq/

President Bush and his top aides publicly made 935 false statements about the security risk posed by Iraq in the two years following September 11, 2001, according to a study released ... by two nonprofit journalism groups. "In short, the Bush administration led the nation to war on the basis of erroneous information that it methodically propagated and that culminated in military action against Iraq on March 19, 2003," reads an overview of the examination, conducted by the Center for Public Integrity and its affiliated group, the Fund for Independence in Journalism. According to the study, Bush and seven top officials -- including Vice President Dick Cheney, former Secretary of State Colin Powell and then-National Security Adviser Condoleezza Rice -- made 935 false statements about Iraq during those two years. The study says Bush made 232 false statements about Iraq and former leader Saddam Hussein's possessing weapons of mass destruction, and 28 false statements about Iraq's links to al Qaeda. The study, released Tuesday, says Powell had the second-highest number of false statements, with 244 about weapons and 10 about Iraq and al Qaeda. Former Secretary of Defense Donald Rumsfeld and Press Secretary Ari Fleischer each made 109 false statements. "It is now beyond dispute that Iraq did not possess any weapons of mass destruction or have meaningful ties to al Qaeda," the report reads. The overview of the study also calls the media to task, saying most media outlets didn't do enough to investigate the claims. "Some journalists -- indeed, even some entire news organizations -- have since acknowledged that their coverage during those prewar months was far too deferential and uncritical," the report reads.

Note: These lies led to the deaths of thousands of American soldiers and hundreds of thousands of Iraqi civilians. Why is no action being taken on this matter? For other powerful revelations of war corruption and profiteering, click here.


Global Derivatives Market Expands to $516 Trillion
2007-11-22, Bloomberg News
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a58EF32GpHeg

The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the Bank for International Settlements said. Credit-default swaps, contracts designed to protect investors against default and used to speculate on credit quality, led the increase, expanding 49 percent to cover a notional $43 trillion of debt in the six months ended June 30, the BIS said in a report published late yesterday. Derivatives of debt, currencies, commodities, stocks and interest rates rose 25 percent from the previous six months, the biggest jump since the Basel, Switzerland-based bank began compiling the data. Investors have been turning to credit derivatives as a way to speculate on a growing risk of defaults amid record U.S. mortgage foreclosures. The money at risk through credit-default swaps increased 145 percent from last year to $721 billion, the report said. The amount at stake in the entire derivatives market is $11.1 trillion, according to the BIS, which was formed in 1930 to monitor financial markets and regulate banks. Derivatives are financial instruments derived from stocks, bonds, loans, currencies and commodities, or linked to specific events like changes in interest rates or the weather. The report is based on contracts traded outside of exchanges in over-the- counter market.

Note: Like most reporting in the major media, this article trivializes the massive size of the derivatives market. $516 trillion is equivalent to $75,000 for every man, woman, and child in the world! Do you think the financial industry is out of control? For lots more powerful, reliable information on major banking manipulations, click here. For a powerful analysis describing just how crazy things have gotten and giving some rays of hope by researcher David Wilcock, click here.


Former pilots and officials call for new U.S. UFO probe
2007-11-12, ABC News/Reuters
http://abcnews.go.com/US/wireStory?id=3855969

An international panel of two dozen former pilots and government officials called on the U.S. government on Monday to reopen its generation-old UFO investigation as a matter of safety and security given continuing reports about flying discs, glowing spheres and other strange sightings. "Especially after the attacks of 9/11, it is no longer satisfactory to ignore radar returns ... which cannot be associated with performances of existing aircraft and helicopters," they said in a statement released at a news conference. The panelists from seven countries, including former senior military officers, said they had each seen a UFO or conducted an official investigation into UFO phenomena. "It's a question of who [are] you going to believe: your lying eyes or the government?" remarked John Callahan, a former Federal Aviation Administration investigator, who said the CIA in 1987 tried to hush up the sighting of a huge lighted ball four times the size of a jumbo jet in Alaska. The panel, organized by a group dedicated to winning credibility for the study of UFOs, urged Washington to resume UFO investigations through the U.S. Air Force or NASA. "It would certainly, I think, take a lot of angst out of this issue," said former Arizona Gov. Fife Symington, who said he was among hundreds who saw a delta-shaped craft with enormous lights silently traverse the sky near Phoenix in 1997.

Note: If the above link fails, click here. For a eight-minute CNN clip on this historic event including witness testimony, click here. For lots more media coverage of this and other major UFO events, click here. For their bios, photos, and official statements, click here.


Chip implants linked to animal tumors
2007-09-09, Washington Post/Associated Press
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/09/AR20070909004...

When the U.S. Food and Drug Administration approved implanting microchips in humans, the manufacturer said it would save lives, letting doctors scan the tiny transponders to access patients' medical records almost instantly. The FDA found "reasonable assurance" the device was safe, and a sub-agency even called it one of 2005's top "innovative technologies." But neither the company nor the regulators publicly mentioned this: A series of veterinary and toxicology studies, dating to the mid-1990s, stated that chip implants had "induced" malignant tumors in some lab mice and rats. "The transponders were the cause of the tumors," said Keith Johnson, a retired toxicologic pathologist, explaining ... the findings of a 1996 study he led at the Dow Chemical Co. Leading cancer specialists reviewed the research for The Associated Press and ... said the findings troubled them. Some said they would not allow family members to receive implants, and all urged further research before the glass-encased transponders are widely implanted in people. To date, about 2,000 of the so-called radio frequency identification, or RFID, devices have been implanted in humans worldwide. Did the agency know of the tumor findings before approving the chip implants? The FDA declined repeated AP requests to specify what studies it reviewed. The FDA is overseen by the Department of Health and Human Services, which, at the time of VeriChip's approval, was headed by Tommy Thompson. Two weeks after the device's approval took effect on Jan. 10, 2005, Thompson left his Cabinet post, and within five months was a board member of VeriChip Corp. and Applied Digital Solutions. He was compensated in cash and stock options.

Note: For more reliable information about the use and dangers of microchips, click here.


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