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Media Articles
Excerpts of Key Media Articles in Major Media


Below are key excerpts of highly revealing media articles from the major media. Links are provided to the full articles on their media websites. If any link fails to function, read this webpage. These media articles are listed in reverse date order. You can also explore the articles listed by order of importance or by date posted. By choosing to educate ourselves and to spread the word, we can and will build a brighter future.

Note: Explore our full index to key excerpts of revealing 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.


Symbolic Malaysian trial finds Bush, Blair guilty of ‘crimes against peace’ over Iraq invasion
2011-11-22, Washington Post/Associated Press
http://www.washingtonpost.com/world/asia-pacific/symbolic-malaysian-trial-fin...

A tribunal formed by Malaysia’s former leader has convicted former President George W. Bush and Britain’s ex-prime minister Tony Blair at a symbolic trial for “crimes against peace” in Iraq. Malaysia’s outspoken former leader Mahathir Mohamad founded a peace organization that set up the Kuala Lumpur War Crimes Tribunal specifically for trying Bush and Blair. Mahathir’s son, Mukhriz Mahathir, said international judges and lawyers convicted the men Tuesday for crimes against peace over the 2003 Iraq invasion. It plans to hear symbolic war crimes charges against them later. Malaysian activists say they sent information about the charges to Bush and Blair but received no response.

Note: This story sadly received very little press in the major media. For an earlier Associated Press story on the background to the Kuala Lumpur War Crimes Tribunal, click here. For more on the results in Canada's conservative National Post, click here. For a press release from the Tribunal, click here. To visit the Tribunal website, click here.


News Organizations Complain About Treatment During Protests
2011-11-21, New York Times
http://mediadecoder.blogs.nytimes.com/2011/11/21/news-organizations-complain-...

A cross-section of 13 news organizations in New York City lodged complaints ... about the New York Police Department’s treatment of journalists covering the Occupy Wall Street movement. Separately, ten press clubs, unions and other groups that represent journalists called for an investigation and said they had formed a coalition to monitor police behavior going forward. [The] actions were prompted by a rash of incidents on Nov. 15, when police officers impeded and even arrested reporters during and after the evictions of Occupy Wall Street protesters from Zuccotti Park, the birthplace of the two-month-old movement. The news organizations said in a joint letter to the Police Department that officers had clearly violated their own procedures by threatening, arresting and injuring reporters and photographers. The letter said there were “numerous inappropriate, if not unconstitutional, actions and abuses” by the police against both “credentialed and noncredentialed journalists in the last few days.” The letter was written by George Freeman, vice president and assistant general counsel for The New York Times Company, and signed by representatives for The Associated Press, The New York Post, The Daily News, Thomson Reuters, Dow Jones & Company, and three local television stations, WABC, WCBS and WNBC. It was also signed by representatives for the National Press Photographers Association, New York Press Photographers Association, Reporters Committee for Freedom of the Press, and the New York Press Club.

Note: For key reports from reliable sources on the reasons why people nationwide are occupying their city centers in protest against the collusion between powerful corporate and government elites, click here.


‘The Greater Good’ Takes Child Vaccination Skepticism to Big Screen
2011-11-21, PBS Blog
http://www.pbs.org/pov/blog/2011/11/the-greater-good-child-vaccine-documentary

If you’re a parent (or know one) ... you might have already made up your mind about the connection between vaccination and disease. A new documentary, The Greater Good, adds perspective to the issue, asking how much of a good thing a person can take until it’s not all that good any more. “It is an advocacy film,” says The Greater Good producer Chris Pilaro. The filmmakers chose to follow three families whose lives were adversely affected by vaccines because, as director-producer Kendall Nelson says, “Historically, those stories were really not being told.” One thread follows young Jordan King, who before being vaccinated was a “normal,” happy toddler. After being vaccinated... he ended up diagnosed with autism. After her youngest child died after receiving vaccinations, Stephanie Christner, a doctor, dedicated her life to finding connections between vaccination and disease. The most persuasive story is that of Gabi Swank, a teenage girl who saw ads on MTV for the cervical cancer vaccine Gardasil and insisted that her mom get her on it. After taking the drug, Gabi experienced a dramatic decline in her health and her family paid a deep financial and emotional cost. Despite her upbeat demeanor and refusal to be perceived as a victim, Gabi’s story is a tragic one. Idaho-based filmmakers Nelson and Pilaro ... gained the co-operation of the Centers for Disease Control and Prevention and the Food and Drug Administration and proceeded to interview medical experts, pharmaceutical representatives and lawmakers on opposite sides of the issue. What’s clear after watching the film is not that vaccinations are necessarily bad, but that every child is different and each will have a different response to them. But it’s a hard case to make when your doctor is following state law.

Note: Did you know the government has never done a study comparing the health of vaccinated and non-vaccinated children? Watch a video of the CDC's chief of vaccinations making excuses for why they won't do a study. For more on this, see concise summaries of deeply revealing vaccines news articles from reliable major media sources.


Police Arrest Aerialist for Performing Above the Williamsburg Bridge
2011-11-21, The Atlantic
http://www.theatlantic.com/video/archive/2011/11/police-arrest-aerialist-for-...

In July, 24-year-old Seanna Sharpe scaled the Williamsburg Bridge to perform a jaw-dropping, and totally illegal, acrobatics show. Shortly thereafter, she was arrested and handcuffed. According to this short documentary, she was charged with a felony, which was later reduced to a misdemeanor. Fans raised her bail in under an hour, via Twitter. Filmmaker and artist Ronen V captures the whole amazing story in this video, incorporating footage shot by the crowd on cell phones and cameras.

Note: You can watch the fun, death-defying video at the link above. For a treasure trove of great news articles which will inspire you to make a difference, click here.


Retired Supreme Court Judge shoved up against a wall and threatened by NYPD at Occupy Wall Street clashes
2011-11-20, Daily Mail (One of the UK's largest-circulation newspapers)
http://www.dailymail.co.uk/news/article-2063716/You-want-arrested-lady-The-re...

A retired New York Supreme Court judge has claimed she was manhandled by a policeman after watching him beat a woman at the Zuccotti Park raids. Karen Smith was working as a legal observer when she saw a distressed woman pushed to the ground and beaten by an officer, she said. When she demanded he [stop], the unidentified cop pushed her against a wall and threatened her with arrest. Ms Smith had attended the raids ... to note down the names of people arrested as the Occupy Wall Street camp was cleared. She was wearing a fluorescent green baseball cap bearing the words 'National Lawyers Guild Legal Observer' to show she was not taking part in the protests. Ms Smith, who was also carrying a pad and pen, said the incident happened at around 1.30am on Tuesday at Dey Street and Broadway Street in New York City. Speaking to Democracy Now, she described the scene as ‘a paramilitary operation if there ever was one’. It was ‘what we call a stealth eviction’, she added. Ms Smith explained her son had participated in Occupy Wall Street and she had been ‘very concerned’ about his safety.

Note: We don't normally use the UK's Daily Mail as a reliable source, but as no other major media are reporting this story, we felt it warranted inclusion. The judge gives her own testimony in a video near the bottom of the article.


Passive Occupy protesters take pepper spray blast
2011-11-20, Boston Globe/Associated Press
http://www.boston.com/news/education/higher/articles/2011/11/20/passive_occup...

As video spread of an officer in riot gear blasting pepper spray into the faces of seated protesters at a northern California university, outrage came quickly -- followed almost as quickly by defense from police and calls for the chancellor's resignation. In the video, an officer dispassionately pepper-sprays a line of several sitting protesters who flinch and cover their faces but remain passive with their arms interlocked as onlookers shriek and scream out for the officer to stop. As the images were circulated widely on YouTube, Facebook and Twitter on Saturday, the university's faculty association called on [UC Davis Chancellor Linda] Katehi to resign, saying in a letter there had been a "gross failure of leadership." The protest was held in support of the overall Occupy Wall Street movement and in solidarity with protesters at the University of California, Berkeley. Images of police actions have served to galvanize support during the Occupy Wall Street movement, from the clash between protesters and police in Oakland last month that left an Iraq War veteran with serious injuries to more recent skirmishes in New York City, San Diego, Denver and Portland, Ore. Some of the most notorious instances went viral online, including the use of pepper spray on an 84-year-old activist in Seattle and a group of women in New York.

Note: For a one-minute video of this disturbing action, click here. For an eight-minute video showing how students eventually drive the police out after this, click here.


Lobbying firm's memo spells out plan to undermine Occupy Wall Street
2011-11-19, MSNBC
http://openchannel.msnbc.msn.com/_news/2011/11/19/8884405-lobbying-firms-memo...

A well-known Washington lobbying firm with links to the financial industry has proposed an $850,000 plan to take on Occupy Wall Street and politicians who might express sympathy for the protests, according to a memo obtained by [MSNBC]. The proposal was written on the letterhead of the lobbying firm Clark Lytle Geduldig & Cranford and addressed to one of CLGC’s clients, the American Bankers Association. CLGC’s memo proposes that the ABA pay CLGC $850,000 to conduct “opposition research” on Occupy Wall Street in order to construct “negative narratives” about the protests and allied politicians. Two of the memo’s authors, partners Sam Geduldig and Jay Cranford, previously worked for House Speaker John Boehner, R-Ohio. The memo outlines a 60-day plan to conduct surveys and research on OWS and its supporters so that Wall Street companies will be prepared to conduct a media campaign in response to OWS. Wall Street companies “likely will not be the best spokespeople for their own cause,” according to the memo. “A big challenge is to demonstrate that these companies still have political strength and that making them a political target will carry a severe political cost.”

Note: For key reports from reliable sources on the reasons why people nationwide are occupying their city centers in protest against the collusion between powerful corporate and government elites, click here.


Activists Call for End to 'Cruel' Battery Cages for Chickens
2011-11-19, ABC News
http://abcnews.go.com/Blotter/activists-call-end-cruel-battery-cages-chickens...

In the wake of an ABC News investigation into alleged unsanitary and inhumane practices at one of the nation's largest egg farms, animal rights activists are calling for an end to the egg industry's widespread use of so-called "battery cages," in which birds live six to a cage in long stacks of wire cages. "The battery cage system is inherently cruel," said Nathan Runkle of Mercy for Animals, who estimated that 95 percent of the hens used in egg production are kept in battery cages. He urged the industry to adopt more humane methods of egg production, and urged McDonald's, the nation's largest egg buyer, to stop buying eggs from battery cage farms. Undercover video shot by a Mercy for Animals activist who worked at one of the nation's largest egg producers, Sparboe Farms, shows the battery cages in use. "Scott," the activist who made the tape, said that the five to seven birds were kept in each cage, with their beaks cut at an early cage so they wouldn't peck each other, and that each bird lived its life in an area smaller than a standard sheet of paper. He said the birds "can't fully spread their wings, they can't walk around. There were [dead] birds that were left in the cages that were decomposing for weeks or months at a time," claimed Scott. Until the ABC News investigation and the FDA's warning, McDonald's drew all its eggs for restaurants west of the Mississippi River from Sparboe. Just before the ABC News report aired, McDonald's announced that it would no longer get its eggs from Sparboe Farms. Activists, however, are now asking why McDonald's won't stop buying eggs from any producer that uses battery cages.

Note: To watch a video of this sad scene, click here. To learn how this report resulted in both McDonald's and Target canceling their contracts with Sparboe Farms, click here.


What price the new democracy? Goldman Sachs conquers Europe
2011-11-18, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/business/analysis-and-features/what-price-t...

The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By imposing rule by unelected technocrats, [Italy] has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic. The European Central Bank ... is under ex-Goldman management, and the investment bank's alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as "the Vampire Squid", and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. Simon Johnson, the former International Monetary Fund economist, in his book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, argued that Goldman Sachs and the other large banks had become so close to government in the run-up to the financial crisis that the US was effectively an oligarchy. At least European politicians aren't "bought and paid for" by corporations, as in the US, he says. "Instead what you have in Europe is a shared world-view among the policy elite and the bankers, a shared set of goals and mutual reinforcement of illusions." This is The Goldman Sachs Project. Put simply, it is to hug governments close.

Note: For revealing major media articles on key secret societies which manipulate global politics, click here. For deeply revealing reports from reliable major media sources on financial corruption, click here.


EU bans claim that water can prevent dehydration
2011-11-18, The Telegraph (One of the UK's leading newspapers)
http://www.telegraph.co.uk/news/worldnews/europe/eu/8897662/EU-bans-claim-tha...

Brussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can prevent dehydration. EU officials concluded that, following a three-year investigation, there was no evidence to prove the previously undisputed fact. Producers of bottled water are now forbidden by law from making the claim and will face a two-year jail sentence if they defy the edict. Last night, critics claimed the EU was at odds with both science and common sense. Conservative MEP Roger Helmer said: “This is stupidity writ large. The euro is burning, the EU is falling apart and yet here they are: highly-paid, highly-pensioned officials worrying about the obvious qualities of water and trying to deny us the right to say what is patently true." The Department for Health disputed the wisdom of the new law. A spokesman said: “Of course water hydrates. While we support the EU in preventing false claims about products, we need to exercise common sense as far as possible." A meeting of 21 scientists in Parma, Italy, concluded that reduced water content in the body was a symptom of dehydration and not something that drinking water could subsequently control. Rules banning bent bananas and curved cucumbers were scrapped in 2008 after causing international ridicule.


New leads in missing Sandusky case DA
2011-11-18, CNN blog
http://insession.blogs.cnn.com/2011/11/18/new-leads-in-missing-sandusky-case-da/

Centre County District Attorney Ray Gricar investigated allegations that former Penn State University assistant football coach Jerry Sandusky molested a child in 1998. Gricar chose not to bring charges at the time, and now that young man ... is listed as "Victim 6" in the current child molestation charges the Pennsylvania Attorney General is pursuing against Sandusky. Gricar went missing in April 2005 and his whereabouts are still a mystery. He is ... presumed dead. The recent child molestation charges filed against Sandusky are raising questions about whether Gricar’s disappearance is somehow connected to the Sandusky case. Police Chief Shawn Weaver of the Bellefonte, Pennsylvania, police department, ... says his department has gotten new leads since the Sandusky case broke. Weaver says detectives never looked into Gricar’s 1998 investigation of Sandusky because they weren’t aware the inquiry took place. One of the strangest things about the Gricar case is that his county-issued laptop computer was found at the bottom of the Susquehanna River. Weaver confirmed ... that the hard drive had been intentionally removed.

Note: For a revealing MSNBC News video titled, "Was DA investigating Sandusky murdered?", click here. To understand how literally hundreds of investigators of high-level sex abuse cases have either disappeared or been killed in unusual circumstances, watch a suppressed Discovery Channel video titled "Conspiracy of Silence" at this link.


Second experiment confirms faster-than-light particles
2011-11-17, Washington Post
http://www.washingtonpost.com/national/health-science/second-experiment-confi...

A second experiment at the European facility that reported subatomic particles zooming faster than the speed of light — stunning the world of physics — has reached the same result, scientists said [today]. The “positive outcome of the [second] test makes us more confident in the result,” said Fernando Ferroni, president of the Italian Institute for Nuclear Physics. Ferroni is one of 160 physicists involved in the international collaboration known as OPERA (Oscillation Project with Emulsion Tracking Apparatus) that performed the experiment. While the second experiment “has made an important test of consistency of its result,” Ferroni [said], more tests are needed. There is still a large crowd of skeptical physicists who suspect that the original measurement done in September was an error. Should the results stand, they would upend more than a century of modern physics. In the first round of experiments, a massive detector buried in a mountain in Gran Sasso, Italy, recorded neutrinos generated at the CERN [European Council for Nuclear Research] particle accelerator on the French-Swiss border arriving 60 nanoseconds sooner than expected. In recent weeks, the OPERA team tightened the packets of neutrinos that CERN sent sailing toward Italy. Such tightening removed some uncertainty in the neutrinos’ speed. The detector still saw neutrinos moving faster than light.

Note: For an awesome essay exploring both an earlier experiment which clearly showed faster-than-light effects and its powerful and inspiring implications, click here.


Retired Police Captain Arrested At OWS
2011-11-17, Fox News (Philadelphia Fox affiliate)
http://www.myfoxphilly.com/dpp/news/local_news/Retired_Police_Captain_Ray_Lew...

A retired Philadelphia police captain has been arrested in New York at an Occupy Wall Street demonstration. Ray Lewis retired from the Philadelphia Police Department in 2004. It was Philadelphia police who confirmed Lewis' arrest in New York on Thursday morning. Any additional details, they said, would have to come from NYPD. First news of the arrest was broadcast over Twitter around 9:15 a.m. by the protest group ... stating, "Philly Police Captain (Retired) has just been ARRESTED!" The group then tweeted, "The arrested retired police captain's name is Captain Ray Lewis. Immense cheers and music as he is taken away." Video posted to YouTube by RT America and linked to by Occupy Wall Street appears to show Lewis' arrest. There were messages online stating that Lewis had joined the protesters, including a photo of him holding a sign that read "NYPD Don't Be Wall Street Mercenaries," and talking with a helmeted New York police officer at Zuccotti Park.

Note: For a four-minute video interview with Officer Lewis, click here. For a treasure trove of reports from reliable sources on the reasons why protestors worldwide are occupying their city centers to protest against the "1 percent", click here.


Europe Bans Airport X-Ray Scanners that U.S. Still Uses
2011-11-17, Time Magazine
http://newsfeed.time.com/2011/11/17/europe-bans-airport-x-ray-scanners-that-u...

The European Commission adopted new rules Nov. 14 regarding X-ray, or backscatter, body scanners at all airports in Europe. A press release ordered members of the European Union to remove X-ray scanners from its airports to avoid risking “citizens’ health and safety.” The news [brings] into question the continued use of the very same X-ray scanners in U.S. airports. While the Transportation Security Administration also employs millimeter-wave scanners in U.S. airports, X-ray scanners are the ones that have received more criticism from public-safety advocates. While ... the amount of radiation exposure from X-ray machines is very low, several studies have shown that a small number of cancer cases could result from scanning millions of passengers every year. Some critics of the scanners say that any small amount of cancer is too much to tolerate. Although the TSA doesn’t show signs of budging on the use of X-ray scanners, Europe will instead use machines that rely on radio frequency waves, which have not been linked to cancer.

Note: For key reports from reliable sources on government and corporate threats to privacy, click here.


Citadel abuse accuser says there are more victims
2011-11-17, CNN
http://www.cnn.com/2011/11/16/us/south-carolina-citadel-abuse

A troubled youth who reported inappropriate sexual conduct by a counselor at The Citadel's now-defunct summer camp told a school lawyer that several other campers had similar encounters, documents released by the military college show. "It only happened to me one time. I know there are about five other kids that experienced it a few times," the former camper, whose name is redacted in the documents, told The Citadel's general counsel Mark Brandenburg in a 2007 interview. In that interview, the then-19-year old described how counselor Louis Neal "Skip" ReVille had shown boys pornography, masturbated in front of them and pressured them to join him during a summer five years before. Louis ReVille first took a job as a summer counselor at the South Carolina military college in 2001. ReVille was arrested in October on charges of molesting at least five children in alleged incidents in the Charleston area, unrelated to The Citadel accusations. According to court documents, he has admitted guilt in at least three cases involving incidents between November 2010 and October 2011. The Citadel is now facing questions about why it didn't bring the allegations against him to police at the time the former camper's family approached school officials with his story.

Note: For powerful evidence that this kind of abuse is much more widespread than expected, click here. To understand how this relates to secret societies and deep hidden knowledge of our world, click here.


47% of Congress Members Millionaires — a Status Shared by Only 1% of Americans
2011-11-16, ABC News Blog
http://abcnews.go.com/blogs/politics/2011/11/47-of-congress-members-millionai...

It’s no secret that many members of the U.S. House and Senate are millionaires — 47 percent of them — their salaries paid in part by the American taxpayers. The Center for Responsive Politics has crunched the numbers and released the results on its Open Secrets blog: “About 47 percent of Congress, or 249 current members are millionaires. In 2010, the estimated median net worth of a current U.S. senator stood at an average of $2.56 million. Despite the global economic meltdown in 2008 and the sluggish recovery that followed, that’s up about 7.6 percent from an estimated median net worth of $2.38 million in 2009 … and up 13 percent from a median net worth of $2.27 million in 2008. Fully 36 Senate Democrats, and 30 Senate Republicans reported an average net worth in excess of $1 million in 2010. The same was true for 110 House Republicans and 73 House Democrats.” “The vast majority of members of Congress are quite comfortable, financially, while many of their own constituents suffer from economic hardships,” said Sheila Krumholz at the Center For Responsive Politics. “Few Americans enjoy the same financial cushions maintained by most members of Congress — or the same access to market-altering information that could yield personal, financial gains.”

Note: For key reports on major media control of information and cover-ups, click here.


OTC derivatives market activity in the first half of 2011
2011-11-16, Bank for International Settlements (Intergovernmental organization of central banks)
http://www.bis.org/press/p111116a.htm

After an increase of only 3% in the second half of 2010, total notional amounts outstanding of over-the-counter (OTC) derivatives rose by 18% in the first half of 2011, reaching $708 trillion by the end of June 2011.

Note: The Bank for International Settlements (BIS) is an intergovernmental organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government. Their accounting shows a total global derivatives market controlled by the banks of over $700 trillion. That's $100,000 for every man, woman, and child on the planet. As reported in Reuters, the derivatives market is largely unregulated. Do you think there is any manipulation going on here? BIS helps the bankers to work together to keep their hidden power.


Fake terror plots, paid informants: the tactics of FBI 'entrapment' questioned
2011-11-16, The Guardian (One of the UK's leading newspapers)
http://www.guardian.co.uk/world/2011/nov/16/fbi-entrapment-fake-terror-plots

In May, 2009, David Williams was arrested ... and hit with a 25-year jail sentence. Williams and three other struggling ... men beset by drug, criminal and mental health issues were convicted of an Islamic terrorist plot to blow up Jewish synagogues and shoot down military jets with missiles. Even more shocking was that the organisation, money, weapons and motivation for this plot did not come from real Islamic terrorists. It came from the FBI, and an informant paid to pose as a terrorist mastermind paying big bucks for help in carrying out an attack. Lawyers for the so-called Newburgh Four have now launched an appeal that will be held early next year. Advocates hope the case offers the best chance of exposing the issue of FBI "entrapment" in terror cases. "We have as close to a legal entrapment case as I have ever seen," said Susanne Brody, who represents another Newburgh defendant, Onta Williams. "The target, the motive, the ideology and the plot were all led by the FBI," said Karen Greenberg, a law professor at Fordham University in New York, who specialises in studying the new FBI tactics. But the issue is one that stretches far beyond Newburgh. Critics say the FBI is running a sting operation across America, targeting – to a large extent – the Muslim community by luring people into fake terror plots.

Note: For a powerful BBC documentary showing clearly that much of the war on terror is a fabrication to forward a political agenda, watch Power of Nightmares at this link. For many reports from major media sources on the fake terror behind the "global war on terror", click here.


JPMorgan Joins Goldman Keeping Italy Derivatives Risk in Dark
2011-11-16, Bloomberg/Businessweek
http://news.businessweek.com/article.asp?documentKey=1376-LURLN51A1I4K01-4BQL...

JPMorgan Chase & Co. and Goldman Sachs Group Inc., among the world's biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally. Just don't ask them how much of that was issued by Greece, Italy, Ireland, Portugal and Spain, known as the GIIPS. As concerns mount that those countries may not be creditworthy, investors are being kept in the dark about how much risk U.S. banks face from a default. Firms including Goldman Sachs and JPMorgan don't provide a full picture of potential losses and gains in such a scenario, giving only net numbers or excluding some derivatives altogether. Goldman Sachs discloses only what it calls “funded” exposure to GIIPS debt -- $4.16 billion before hedges and $2.46 billion after, as of Sept. 30. Those amounts exclude commitments or contingent payments, such as credit-default swaps. JPMorgan said ... its net exposure was no more than $1.5 billion, with a portion coming from debt and equity securities. The company didn't disclose gross numbers or how much of the $1.5 billion came from swaps, leaving investors wondering whether the notional value of CDS sold could be as high as $150 billion.

Note: For a treasure trove of reports from reliable sources on the reasons why protestors worldwide are occupying their city centers to protest against the "1 percent", click here.


Economies in peril
2011-11-15, MSNBC
http://video.msnbc.msn.com/dylan-ratigan-show/45311653

Lazy people on social services, a spree of borrowed money. That's how the Greek people are being portrayed. But like Wall Street, the streets of Athens are like a crime scene. The Greek people [are] victims of a fraud and cover-up. Greg Palast is a renowned investigative reporter and author of the new book Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores. Greg, how is it that a bank can lend money to a country that has an economy smaller than Dallas, at a level that is this big? Palast: Greece is a crime scene. Goldman Sachs, beginning in 2001 [or] 2002 ... cut a deal to secretly take euros out of the Greek treasury, convert them to yen, convert them back to euros. This is through some fancy derivative action. Goldman takes a multi-billion dollar loss. The Greek government gets a gain. There's no deficit in the Greek treasury. It's only 3%. The Greek economy looks good. Goldman doesn't take billions of dollars in losses. It's a fraud. They've cut a secret deal to get that money back and then some. Goldman charged about $300, $400 million to pull off this scam.

Note: For lots more from reliable sources on the chicaneries of central banks and financial corporations, click here. For other powerful reporting by journalist Greg Palast, click here.


Important Note: Explore our full index to key excerpts of revealing 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.