Intelligence Agency News StoriesExcerpts of Key Intelligence Agency News Stories in Major Media
Note: This comprehensive list of intelligence agencies 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.
I was inside the CIA’s Langley, Va., headquarters on Sept. 11, 2001. I headed counterterrorism operations in Pakistan from January to May 2002. My team captured dozens of al-Qaeda fighters, including senior training-camp commanders. One of the fighters whom I played an integral role in capturing was Abu Zubaida, mistakenly thought at the time to be the third-ranking person in the militant group. By that May, the CIA had decided to torture him. When I returned to CIA headquarters that month, a senior officer in the Counterterrorism Center asked me if I wanted to be “trained in the use of enhanced interrogation techniques.” I declined. I said that I had a moral and ethical problem with torture and that - the judgment of the Justice Department notwithstanding - I thought it was illegal. Unfortunately, there were plenty of people in the U.S. government who were all too willing to allow the practice to go on. One of them was Gina Haspel, whom President Trump nominated Tuesday as the CIA’s next director. Putting Haspel in charge of the CIA would undo attempts by the agency - and the nation - to repudiate torture. The message this sends to the CIA workforce is simple: Engage in war crimes, in crimes against humanity, and you’ll get promoted. Don’t worry about the law. Don’t worry about ethics. Don’t worry about morality or the fact that torture doesn’t even work. Go ahead and do it anyway. We’ll cover for you. And you can destroy the evidence, too.
Note: The above was written by former CIA counterterrorism officer John Kiriakou, who was imprisoned for blowing the whistle on the CIA’s illegal torture program. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the intelligence community.
When it comes to torture, no American officials have been more practiced in those heinous dark arts than the officers and employees of the Central Intelligence Agency who applied it to terrorism suspects after 9/11. Few American officials were so directly involved in that frenzy of abuse ... as Gina Haspel. On Tuesday, in announcing that he had dismissed Rex Tillerson as secretary of state and was replacing him with Mike Pompeo, the C.I.A. director, Mr. Trump said that Mr. Pompeo’s successor would be his deputy, Ms. Haspel. As an undercover C.I.A. officer, Ms. Haspel played a direct role in the agency’s “extraordinary rendition program,” under which suspected militants were ... were tortured by agency personnel. Ms. Haspel ran the first detention site in Thailand and oversaw the brutal interrogation of the Abd al-Rahim al-Nashiri. The sessions were videotaped and the recordings stored in a safe at the C.I.A. station in Thailand until they were ordered destroyed in 2005. Ms. Haspel’s name was on the cable with the destruction orders. In 2013, these activities were of such concern that Senator Dianne Feinstein of California ... blocked Ms. Haspel’s promotion to be head of the agency’s clandestine service. Senator John McCain ... a former prisoner of war, insisted that during the confirmation process, Ms. Haspel must “explain the nature and extent of her involvement” in the interrogation program.
Note: Read the thoughts of a former CIA counterterrorism officer on the dangers of this appointment. For more along these lines, see concise summaries of deeply revealing intelligence agency corruption news articles from reliable major media sources.
The State Department may have covered up allegations of illegal and inappropriate behavior within their ranks. The Diplomatic Security Service, or the DSS, is the State Department's security force, charged with ... investigating any cases of misconduct. According to an internal State Department Inspector General's memo, several recent investigations were influenced, manipulated, or simply called off. The memo obtained by CBS News cited eight specific examples. Among them: allegations that a State Department security official in Beirut "engaged in sexual assaults" on foreign nationals hired as embassy guards. The memo also reveals details about an "underground drug ring" was operating near the U.S. Embassy in Baghdad and supplied State Department security contractors with drugs. Aurelia Fedenisn, a former investigator with the State Department's internal watchdog agency, the Inspector General, told Miller, "We also uncovered several allegations of criminal wrongdoing in cases, some of which never became cases." In such cases, DSS agents told the Inspector General's investigators that senior State Department officials told them to back off. In one specific and striking cover-up, State Department agents told the Inspector General they were told to stop investigating the case of a U.S. Ambassador who held a sensitive diplomatic post and was suspected of patronizing prostitutes in a public park.
Senior State Department and Diplomatic Security officials may have covered up or stopped investigations of inappropriate or even criminal misconduct by staff, according to an internal memo from the department's Office of the Inspector General. An active U.S. ambassador "routinely ditched his protective security detail in order to solicit sexual favors from both prostitutes and minor children," the memo says. The ambassador's protective detail and others "were well aware of the behavior," the memo asserts. When a diplomatic security officer tried to investigate, undersecretary of state for management Patrick Kennedy allegedly ordered the investigator "not to open a formal investigation." A State Department security official in Beirut allegedly "engaged in sexual assaults" against foreign nationals working as embassy guards. The security official ... was also accused of committing "similar assaults during assignments in Baghdad, and possibly Khartoum and Monrovia." An inspector general's investigator who went to Beirut to try to conduct an investigation was not given enough time to complete the job. U.S. Rep. Ed Royce, R-California, chairman of the House Foreign Affairs Committee, said he has asked his staff to begin an investigation into the allegations, and sent a letter to Secretary of State John Kerry demanding an explanation. "The notion that any or all of these cases would not be investigated thoroughly by the Department is unacceptable," Royce wrote in his letter to Kerry.
Broward County deputies received at least 18 calls warning them about Nikolas Cruz from 2008 to 2017, including concerns that he "planned to shoot up the school" and other threats and acts of violence before he was accused of killing 17 people at a high school. The warnings, made by concerned people close to Cruz, came in phone calls to the Broward County Sheriff's Office, records show. At least five callers mentioned concern over his access to weapons, according to the documents. None of those warnings led to direct intervention. In February 2016, neighbors told police that they were worried he “planned to shoot up the school”. The new details add to the growing list of red flags missed by law enforcement officials, including the FBI, in the months leading up to last week's mass shooting at Marjory Stoneman Douglas High School. The FBI is reviewing why a tip last month called into the agency about Cruz's desire to kill people was not forwarded to Miami agents for investigation. The Sheriff’s Office has since opened two internal affairs investigations looking into whether its deputies followed the department’s standards after receiving two phone calls. After the February 2016 call, a deputy forwarded the information to the Stoneman Douglas School Resource Officer, Deputy Scot Peterson. Peterson, 54, retired after an internal investigation was launched into why he sat outside the school for about four minutes and never entered as the shooter killed students and staff.
Note: The above article describes problems in government organizations that allowed a threat to become a tragedy, but does not mention the well-documented connection between prescription drugs and mass shootings.
The Florida sheriff whose department responded to this month's high school massacre defended his leadership Sunday while insisting that only one of his deputies was on the scene as the gunman killed 14 students and three staff members. Broward County Sheriff Scott Israel told CNN that investigators are looking into claims that three other deputies were on the scene but failed to enter the school when the chance to save lives still existed. Israel and the sheriff's office have come under withering scrutiny after last week's revelation that deputy Scot Peterson did not go in to confront the suspected shooter, 19-year-old Nikolas Cruz, during the Valentine's Day attack. It is also facing backlash for apparently mishandling some of the 18 tipster calls related to the suspected shooter. The tips were among a series of what authorities now describe as the clearest missed warning signs that Cruz ... posed a serious threat. The FBI has acknowledged that it failed to investigate the tip about Cruz that the agency received on Jan. 5. A transcript of the phone call [to the FBI] spanned more than 13 minutes. During the call, the woman described a teenager prone to anger with the "mental capacity of a 12 to 14 year old" that deteriorated after his mother died last year. She pointed the FBI to several Instagram accounts where Cruz had posted photos of sliced-up animals and rifles and ammunition he apparently purchased with money from his mother's life insurance policy. "He's thrown out of all these schools because he would pick up a chair and just throw it at somebody, a teacher or a student, because he didn't like the way they were talking to him."
Note: The above article describes problems in government organizations that allowed a threat to become a tragedy, but does not mention the well-documented connection between prescription drugs and mass shootings.
A group of American diplomats stationed in Havana appear to have symptoms of concussion without ever having received blows to their heads, medical experts have found. The diplomats originally were said to have been victims of a “sonic attack,” a possibility that the Federal Bureau of Investigation reportedly ruled out. The experts’ report, published late Wednesday in the journal JAMA, does not solve the mystery, instead raising even more questions about what could have caused the brain injuries. The incidents occurred in 2016, when 18 of the 21 affected diplomats reported they heard strange sounds in their homes or hotel rooms. All but one reported immediate symptoms: headache, pain in one ear, loss of hearing. Days or weeks later, other symptoms emerged. The State Department asked researchers at the University of Pennsylvania to investigate. Their report confirmed neurological problems in the diplomats, including signs of what appear to be concussions. The study’s lead author, Dr. Douglas H. Smith [said], “This is ... concussion without blunt head trauma.” Like concussion patients, some of the diplomats improved on their own, while others recovered only after therapy. Dr. Smith and his colleagues do not think audible sound caused the injuries. Perhaps, they speculated, a device that produced another sort of harmful energy also produced an audible sound. Low-frequency infrasound, high-frequency ultrasound and microwaves have all been shown to damage the brain, the researchers noted.
Last week, the existence of a draft Department of Homeland Security (DHS) report came to light, which calls for long-term surveillance of Sunni Muslim immigrants. Internal documents obtained from the FBI and DHS last year also showed how the agencies are surveilling the Movement for Black Lives, bringing into mind tactics of Cointelpro, an FBI program which secretly and illegally conducted surveillance on the civil rights movement in order to disrupt Americans’ ability to organize politically. But these are not the only types of surveillance this administration is engaged in. On 18 October, DHS implemented a new rule to track the internet activity of all visa applicants, visa holders and legal permanent residents. The rule would also apply to naturalized US citizens. The new rule would track and store social media account information and other highly sensitive data as part of individuals’ immigration files. The policy would allow DHS to collect and track immigrants’ social media accounts handles as well as aliases, and search results from both public search engines as well as commercial databases. The rule ... seems like it was designed with the specific purpose of hampering our freedom of speech, in line with the Trump administration’s other chilling tactics of attacks on the press and crackdowns on protesters who do not fall in line with the policies of this administration. This covert surveillance, now culminating in overt spying on immigrants, is designed as a tactic to control and fracture dissent.
Note: Read more about the FBI's infamous Cointelpro program. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.
Two men kicked in the door to Berta Cáceres’s house in the small Honduran mountain town of La Esperanza. One of them opened the door to her bedroom and fired six shots. She died moments later. The murder ... might simply have receded into a grim tally of regrettable losses. But Ms. Cáceres, 44, had won international acclaim for leading her indigenous Lenca community against a dam planned on their land. Now, 20 months after the killing, a team of five international lawyers has warned that the people who ordered it may never face justice. The evidence, the lawyers said, points to a plot against Ms. Cáceres that was months in the making and reached up to senior executives of Desarrollos Energéticos, known as Desa, the Honduran company holding the dam concession. “The existing proof is conclusive regarding the participation of numerous state agents, high-ranking executives and employees of Desa in the planning, execution and cover-up of the assassination,” the lawyers wrote. Eight suspects are in custody, including ... a retired Honduran Army lieutenant who was Desa’s director of security until mid-2015. “What the public ministry has yet to do is indict the people who hired Bustillo to plan the operation,” said Miguel Ángel Urbina Martínez, one of the lawyers reviewing the case. “There was this criminal structure comprised of company executives and employees, state agents and criminal gangs that used violence, threats and intimidation,” said Roxanna Altholz, [a] member of the lawyers’ group.
Note: The Guardian reported last year that Berta Cáceres’s murder appeared to be "an extrajudicial killing planned by military intelligence specialists linked to the country’s US-trained special forces". For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
The National Security Agency maintains a page on its website that outlines its mission statement. Since at least May 2016, the surveillance agency had featured honesty as the first of four “core values” listed on NSA.gov, alongside “respect for the law,” “integrity,” and “transparency.” On January 12, however, the NSA removed the mission statement page – which can still be viewed through the Internet Archive – and replaced it with a new version. Now, the parts about honesty and the pledge to be truthful have been deleted. The agency’s new top value is “commitment to service,” which it says means “excellence in the pursuit of our critical mission.” Those are not the only striking alterations. All references to “trust,” “honor,” and “openness” have disappeared. The agency previously stated on its website that it embraced transparency and claimed that all of its activities were aimed at “ensuring the safety, security, and liberty of our fellow citizens.” That has also been discarded. The new list of values includes the additions “respect for people” and “accountability.” But the section on respecting people is a reference to diversity within the NSA workforce, not a general commitment to members of the public. Accountability is defined as taking “responsibility for our decisions.” The one core value that remains essentially unchanged is “respect for the law,” which the agency says means it is “grounded in our adherence to the U.S. Constitution and compliance with the U.S. laws, regulations and policies that govern our activities.”
The White House can now direct US intelligence agencies to spend money and take covert action without approval of congressional oversight committees under a provision slipped into the bill that ended the government shutdown, leaders of the Senate intelligence committee say. A provision in the bill - requested by the White House and Pentagon - gives intelligence agencies an exemption from the law that requires them to get authorization from the intelligence committees before they spend taxpayer money, said Sen. Richard Burr, R-N.C., and chairman of the Senate panel. Section 504 of the National Security Act gives the committees the power to withhold money from the intelligence agencies if they object to surveillance programs or other intelligence activities. Burr and [Sen. Mark] Warner said the provision to weaken their oversight power comes just after they promised civil liberties advocates in the Senate that they would ensure that the FBI and other intelligence agencies don't overstep their bounds in carrying out a controversial surveillance program recently renewed by Congress. That surveillance program, Section 702 of the Foreign Intelligence Surveillance Act ... sweeps up emails, text messages, photos and other communication from an unknown number of Americans, and allows federal agents to search that data without a warrant. Burr and Warner both supported a six-year renewal of the program earlier this month.
The National Security Agency has apparently been way ahead of Apple or Amazon. The agency has at its disposal voice recognition technology that it employs to identify terrorists, government spies, or anyone they choose — with just a phone call, according to a report by The Intercept. By using recorded audio, the NSA is able to create a "voiceprint," or a map of qualities that mark a voice as singular, and identify the person speaking. According to a classified memo ... the agency has employed this technology since at least 2006, with the document referencing technology "that identifies people by the sound of their voices." In fact, the NSA used such technology during Operation Iraqi Freedom, when analysts were able to verify audio thought to be of Saddam Hussein speaking. It suggests that national security operatives had access to high-level voice technology long before Amazon, Apple and Google's solutions became cultural touchstones. A "voiceprint" is "a dynamic computer model of the individual's vocal characteristics," the publication explained, created by an algorithm analyzing features like pitch and mouth shape. Then, using the NSA's formidable bank of recorded audio files, the agency is able to match the speaker to an identity. Identifying people through their voiceprints is a skill at which the "NSA reigns supreme," according to a leaked document from 2008. And, they're only getting better.
Note: As this BBC article from 1999 shows, mass surveillance systems with voice recognition capability have been in use for many years. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and the disappearance of privacy.
A four-page memo circulating in Congress that reveals alleged United States government surveillance abuses is being described by lawmakers as “shocking.” The lawmakers said they could not yet discuss the contents of the memo they reviewed on Thursday after it was released to members by the House Intelligence Committee. But they say the memo should be immediately made public. “It is so alarming the American people have to see this,” Ohio Rep. Jim Jordan said. “It's troubling,” North Carolina Rep. Mark Meadows said. “Part of me wishes that I didn't read it because I don’t want to believe that those kinds of things could be happening in this country that I call home and love so much.” The House Intelligence Committee on Thursday approved a motion by New York Rep. Pete King to release the memo on abuses of FISA, or the Foreign Intelligence Surveillance Act, to all House members. The memo details the Intelligence Committee’s oversight work for the FBI and Justice, including the controversy over unmasking and FISA surveillance. The process for releasing it to the public involves a committee vote. If approved, it could be released as long as there are no objections from the White House within five days. On Thursday, the Senate voted 65-34 to reauthorize a FISA provision that allows U.S. spy agencies to conduct surveillance on foreign targets abroad for six years.
A former contractor for a UK-based public relations firm says that the Pentagon paid more than half a billion dollars for the production and dissemination of fake Al-Qaeda videos that portrayed the insurgent group in a negative light. The PR firm, Bell Pottinger, worked alongside top US military officials at Camp Victory in Baghdad at the height of the Iraq War. The agency was tasked with crafting TV segments in the style of unbiased Arabic news reports, videos of Al-Qaeda bombings that appeared to be filmed by insurgents, and anti-insurgent commercials. Those who watched the videos could be tracked by US forces. Bell Pottinger ... could have earned as much as $120m from the US in 2006. Former video editor Martin Wells, who worked on the IOTF contract with Bell Pottinger, said they were given very specific instructions on how to produce the fake Al-Qaeda propaganda films. US Marines would then take CDs containing the videos while on patrol, then plant them at sites during raids. “If they’re raiding a house and they’re going to make a mess of it looking for stuff anyway, they’d just drop an odd CD there,” he said. The CDs were encoded to open the videos on RealPlayer software that connects to the Internet when it runs. It would issue an IP address that could then be tracked by US intelligence. The programmes produced by Bell Pottinger would move up the chain of command ... and could sometimes go as high up as the White House for approval.
Note: Read more about the fake "Al Qaeda" videos produced and distributed for the Pentagon. For more along these lines, see concise summaries of deeply revealing news articles on military corruption and the manipulation of public perception.
Two New York Times reporters learned in 2004 that the George W. Bush administration was secretly wiretapping Americans, and collecting their phone and email records. The reporters’ attempt to publish their findings were thwarted by the administration’s intense and successful lobbying of their editors. That effort ... had an unlikely ally: Rep. Jane Harman of Los Angeles, the senior Democrat on the House Intelligence Committee. Details of the far-reaching, legally unauthorized surveillance program remained secret until the Times published the article in late 2005. The newspaper’s interactions with administration officials, and Harman’s role, were described by former Times reporter James Risen this month in the Intercept, the investigative publication where he now works. The story on the program known as Stellar Wind was ready for publication before the November 2004 election, when Bush was on the ballot, but NSA Director Michael Hayden and other administration officials told Times editors, in phone calls and face-to-face meetings, that publication would damage national security and endanger lives, Risen said. He said the officials were joined in that effort by Harman, one of a handful of congressional leaders who had been briefed on the program and were enlisted by the White House to contact the Times. Members of Congress learned later that the NSA had not been seeking warrants from a secret court, as required by law, before wiretapping calls.
Note: James Risen is a courageous hero who shared two Pulitzer Prizes for his reporting around 9/11 and massive government surveillance. His recent article in The Intercept describes how a "marketplace of secrets in Washington" supports the US national security apparatus, and is used by corrupt government officials to manipulate the news.
I was captured when I was in my 20s and brought to Guantanamo Bay in 2004, after more than two years in secret prisons. I have been imprisoned here without charges since then. I am now 43. Thirteen years ago, your country brought me here because of accusations about who I was. Confessions were beaten out of me in those secret prisons. I tried, but I am no longer trying to fight against those accusations from the past. What I am asking today is, how long is my punishment going to continue? Your president says there will be no more transfers from here. Am I going to die here? If I have committed crimes against the law, charge me. In 15 years, I have never been charged, and the worst things the government has said about me were extracted by force. The judge in my habeas case decided years ago that I had been subjected to physical and psychological abuse during my interrogations, and statements the government has wanted to use against me are not reliable. Even if I were cleared, it would not matter. There are men here who have been cleared for years who are sitting in prison next to me. Detainees here, all Muslim, have never had rights equal to other human beings. Even when we first won the right to challenge our detention, in the end, it became meaningless. It is hard for me to ... believe that laws will not be bent again to allow the government to win. But this week, I am joining a group of detainees here, all of us who have been held without charges for years, to try again to ask the courts for protection.
Note: The above was written by Sharqawi Al Hajj, a Yemeni citizen detained at Guantanamo Bay. For more along these lines, see the "10 Craziest Things in the Senate Report on Torture". For more, see concise summaries of deeply revealing news articles on corruption in government and in the intelligence community.
Ecuador has granted citizenship to WikiLeaks founder Julian Assange, Ecuador's Foreign Minister Maria Fernanda Espinosa announced Thursday. She called the measure "one more ring of protection" for Assange, who has been holed up at the Ecuadorian Embassy in London since 2012 in an effort to avoid a Swedish arrest warrant. Sweden dropped the charges in May 2017, but Assange remains the subject of a UK arrest warrant. Assange ... has previously expressed concern that if he leaves the Ecuadorian embassy in London he could end up being extradited to the US, where he fears facing the death penalty over allegations of revealing government secrets through WikiLeaks. In December, the Ecuadorian government requested diplomatic status for Assange. But the UK rebuffed the request. Espinosa said Ecuador will continue to pursue a dialogue with the UK to eventually remove Assange from the embassy. "We will continue to protect Julian Assange while his physical and psychological integrity are at risk," Espinosa said. "We are a country that defends human rights and ... respects international law." A 2016 United Nations report concluded that the WikiLeaks founder had been arbitrarily detained by Sweden and the United Kingdom.
Note: Read more about the "legal limbo" and propaganda campaign carried out against Assange and Wikileaks. A 2016 United Nations panel found that authorities in Sweden and the UK have acted unlawfully with regard to Assange. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
The Obama administration was demanding that I reveal the confidential sources I had relied on for a chapter about a botched CIA operation in my 2006 book, “State of War.” I had also written about the CIA operation for the New York Times, but the paper’s editors had suppressed the story at the government’s request. It wasn’t the only time they had done so. My case was part of a broader crackdown on reporters and whistleblowers that had begun during the presidency of George W. Bush and continued far more aggressively under the Obama administration, which had already prosecuted more leak cases than all previous administrations combined. I started covering the CIA in 1995. Success as a reporter on the CIA beat inevitably meant finding out government secrets, and that meant plunging headlong into the classified side of Washington, which had its own strange dynamics. I discovered that there was, in effect, a marketplace of secrets in Washington, in which White House officials and other current and former bureaucrats, contractors, members of Congress, their staffers, and journalists all traded information. This informal black market helped keep the national security apparatus running smoothly, limiting nasty surprises for all involved. The revelation that this secretive subculture existed, and that it allowed a reporter to glimpse the government’s dark side, was jarring. It felt a bit like being in the Matrix.
Note: Article author James Risen is a courageous hero who shared two Pulitzer Prizes for his reporting around 9/11 and massive government surveillance. If you read the entire article at the link above, you will learn in detail how the New York Times and other media bow to government pressure and filter what information reaches the public. They also have a strong, but secretive agenda to support war and the military-industrial complex. You will also see how government keeps the media from reporting some of the most important stories.
Half-a-dozen 2017 releases of long-secret documents about the assassination of President John F. Kennedy have given plenty of new leads to those who don’t believe alleged gunman Lee Harvey Oswald acted alone. The 34,963 documents ... have fed the fire tended by researchers and others who believe there is much more to the story how a U.S. president was assassinated in Dallas 54 years ago. One particular document from the August release has created much buzz. It that shows that Earle Cabell, mayor of Dallas at the time of the Nov. 22, 1963, shooting, became a CIA asset in late 1956. Another revelatory JFK document released in full on Dec. 15 was the transcript of a 1978 interview by the House Select Committee on Assassinations with Orest Pena. According to Pena, a bar owner in New Orleans, Lee Harvey Oswald was a U.S. government agent or informant. How did he know? Because Pena himself was an informant. He had given details to the Warren Commission in July 1964 but, as the new document shows, later revealed much more detail about Warren de Brueys, an FBI agent in New Orleans to whom Pena said he reported. Oswald, he claimed, frequented a breakfast place regularly not only with de Brueys but with agents from U.S. Customs and Immigration. Pena believed Oswald had an office in the same government complex. Pena also testified to the House panel that de Brueys had threatened him if he shared with investigators details of their meetings and training of anti-Castro instigators.
Note: Watch an excellent five-minute segment of the History Channel's "Men Who Killed Kennedy," For more along these lines, see our excellent resource center filled with reliable information questions what really happened in the JFK assassination.
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others, according to more than a dozen current and former senior Fed and Treasury officials. The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a “need to know” confidentiality exception in the Fed’s service contracts with foreign central banks. Some 250 foreign central banks and governments keep $3.3 trillion of their assets at the Federal Reserve Bank of New York, about half of the world’s official dollar reserves, using a service advertised in a 2015 slide presentation as “safe and confidential.” Other major central banks and some commercial banks offer similar services. But only the Fed offers direct access to U.S. debt markets and to the world’s reserve currency, the dollar. In all, the people interviewed by Reuters identified seven instances in the last 15 years in which the accounts gave U.S. authorities insights into the actions of foreign counterparts or market movements, at times leading to a specific U.S. response.
Note: It's quite telling that no other major media picked up this important piece. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption and the disappearance of privacy.
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.