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Paul Merrell

Solution to the "Shutdown": The Fed Could Simply Cancel $2 Trillion of Government Debt ... - 0 views

  • Bipartisan Proposal Would Take Pressure Off the Budget Crisis Congressman Alan Grayson and former congressman Ron Paul are two of the fiercest warriors against an out-of-control Federal Reserve. Paul has campaigned to dissolve the Fed for 35 years, and wrote an entire book called “End the Fed“. Grayson has  repeatedly slammed the Fed, and absolutely demolished it … to its face.    Paul and Grayson also co-sponsored a bill to audit the Federal Reserve. (Their desire to rein in the Fed is supported by numerous top economists.) So when the two of them support a Fed-related solution to the “government shutdown” crisis,  I listen.
Paul Merrell

Rules Committee Blocks House from Voting on Grayson Privacy Amendment | Congressman Ala... - 0 views

  • (WASHINGTON, D.C.) – In a late night meeting yesterday, the House Committee on Rules blocked an amendment by Congressman Alan Grayson (FL-09), which would have prohibited the Department of Defense from collecting internet, telephone and other personal information generated by U.S. citizens, in America, without probable cause of a terrorism or criminal offense. The Rules Committee determines which amendments to a bill will move forward to the House floor for a full vote. There was no recorded vote, but Republicans outnumber Democrats on that committee by nine to four. Rather than allowing the full House of Representatives to vote on Grayson’s amendment, Republicans on the committee prevented the amendment from going on to the Floor.Grayson drafted the amendment in an effort to address detailed reports that the National Security Administration (NSA) is collecting the telephone records and the private internet communications of U.S. citizens in the United States.Grayson blasted the decision, saying that Congress must protect the freedom and privacy of all Americans.“This is an extremely important issue for you, me, and everyone else. According to credible articles, the NSA is compiling personal data on each and every single one of us, even the entirely innocent—for no reason, other than the fact that they can,” Grayson said. “This amendment should have received the full consideration of the House of Representatives, so that those of us who have been elected to represent our constituents can defend our freedom, end this gross invasion of privacy, and ensure that these actions cease immediately.”
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    No recorded votes. The good news here is that the illustrious CongressCritters who shot this down were afraid to stand up and be counted. They fear taking a public position on the dragnet surveillance.  
Paul Merrell

Florida congressman denied access to censored pages from Congress' 9/11 report | Browar... - 0 views

  • The U.S. House Intelligence Committee has denied a Florida congressman’s request for access to 28 classified pages from the 2002 report of Congress’ Joint Inquiry into the 9/11 terrorist attacks. Rep. Alan Grayson, D-Orlando, told BrowardBulldog.org he made his request at the suggestion of House colleagues who have read them as they consider whether to support a proposed resolution urging President Obama to open those long-censored pages to the public. “Why was I denied? I have been instrumental in publicizing the Snowden revelations regarding pervasive domestic spying by the government and this is a petty means for the spying industrial complex to lash back,” Grayson said last week, referring to National Security Agency leaker Edward Snowden.
  • In a party line vote, the House Intelligence Committee voted 8-4 on Dec. 1 to deny Democrat Grayson access to the 28 pages. The same day, the committee unanimously approved requests to access classified committee documents – not necessarily the 28 pages – by 11 other House members. Grayson, an outspoken liberal and a member of the House Committee on Foreign Affairs, said his denial was engineered by outgoing Chairman Mike Rogers, R-Mich. Rogers is a former FBI agent who did not seek re-election in November. “Congressman Rogers made serious misrepresentations to other committee members when he brought this up,” Grayson in a telephone interview. “When the Guardian reported on the fact that there was universal domestic surveillance regarding every single phone call, including this one, I went to the floor of the House and gave a lengthy speech decrying it.”
  • “Chairman Rogers told the committee that I had discussed classified information on the floor. He left out the most important part that I was discussing what was reported in the newspaper,” said Grayson. “He clearly misled the committee for an improper purpose: to deny a sitting member of Congress important classified information necessary for me to do my job.” Rogers did not respond to a request for comment. An aide in his Lansing, Michigan office referred callers to a spokeswoman for the House Intelligence Committee who could not be reached for comment.
Gary Edwards

Obama Losing It Over Über Patriot Edwards Snowden - 2 views

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    This blog was bookmarked by Marbux a few days ago, and i finally had some time to catch up. It's really extraordinary. The information is an analysis of the ongoing battle between Obama and his illegal NSA spying activities and uber patriot, Edward Snowden; and his media connection Glen Greenwald of the UK Guardian. So far the patriots are winning. So often we hear the facts about an issue; the date, time and places stuff. But rarely do we find insightful analysis where the dots are connected. Naked Capitalism provides exactly that kind of insight. Awesome covergage! Covers Congressman Alan Grayson's unsuccessful attempts to hold a hearing on NSA activities. Grayson has scheduled Greenwald to appear and testify before Congress. excerpt: "Shortly after the vote, Alan Grayson invited members to a session scheduled for the morning of Wednesday, July 31, in which Greenwald would testify via video link. Richard Clarke, the chairman of the Counter-terrorism Security Group and a member of the National Security Group, was also scheduled to participate. Within 24 hours of Grayson announcing the meeting, which got the expected considerable interest from members, Clarke withdrew. He initially claimed to have developed a scheduling conflict, but it became clear he'd gotten the Elizabeth Warren treatment from the Administration, of being offered an undisclosed goodie (not of monetary value, but of participation in an insider process) and he was told that participating in this session would preclude his involvement in the other initiative. But that monkey wrench apparently wasn't sufficient. The prospect of having Greenwald and other whistleblowers develop a direct relationship with members of Congress, who had just barely been kept on the reservation, was too threatening to Obama. Jane Hamsher tells us the denouement: President Obama has historically considered the Hill some lower bardo of hell. One of the major complaints of congressional Democrats has always
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    Thanks Paul. Not sure how Google News does that. Especially since the link I followed was from your Diigo bookmark! It had nothing to do with Google News! Also, Diigo does not provide a way to edit the URL???? No editing options???? Must be a new crippleware feature.
Paul Merrell

Congressional oversight of the NSA is a joke. I should know, I'm in Congress | Alan Gra... - 0 views

  • Despite being a member of Congress possessing security clearance, I've learned far more about government spying on me and my fellow citizens from reading media reports than I have from "intelligence" briefings. If the vote on the Amash-Conyers amendment is any indication, my colleagues feel the same way. In fact, one long-serving conservative Republican told me that he doesn't attend such briefings anymore, because, "they always lie".Many of us worry that Congressional Intelligence Committees are more loyal to the "intelligence community" that they are tasked with policing, than to the Constitution. And the House Intelligence Committee isn't doing anything to assuage our concerns.
  • And why do Generals Alexander and Clapper remain in office, when all the evidence points to them committing the felony of lying to Congress and the American people?
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    Congressman Alan Grayson speaks out on the illusion of Congressional oversight of the U.S. intelligence community. A must-read
Paul Merrell

Is NSA Surveillance Mastermind Keith Alexander Selling US Secrets to Wall Street? | VIC... - 0 views

  • Perhaps you already assume that there's some kind of twisted marriage between Wall Street megabanks and the US global surveillance regime. Why wouldn't there be? But not even a total cynic could have anticipated spymaster Keith Alexander cashing in this hard, this fast. As Bloomberg recently reported, the former National Security Agency chief, who resigned in March at the age of 62, quickly offered his cyber-security expertise at the eye-popping price of $1 million per month to an assortment of shady business lobbies. And now at least one member of Congress is probing this most delightfully dystopian of arrangements, raising the possibility that Alexander will be shamed out of the practice, if nothing else. “Disclosing or misusing classified information for profit is, as Mr. Alexander well knows, a felony. I question how Mr. Alexander can provide any of the services he is offering unless he discloses or misuses classified information, including extremely sensitive sources and methods,” Florida Democratic Rep. Alan Grayson wrote one of the business groups, the Security Industries and Financial Markets Association (SIFMA), which holds it down for Wall Street in Washington. “Without the classified information that he acquired in his former position, he literally would have nothing to offer to you.”
  • In an interview Monday, Grayson was even more strident in his criticism. "Frankly, what the general is doing is beginning to resemble an extortion racket," he told me. "This is a man who basically lied for a living, and he continues to do that." To be clear, what's uniquely outrageous about Alexander, who has apparently lowered his asking price to $600,000, is not that he is a former US official dangling his alleged expertise and the allure of privileged access to government officials before Wall Street. Former Secretary of State Hillary Clinton, who served under Barack Obama and is the odds-on favorite to succeed him, does this all the time, usually at a rate of about $250,000 a pop. (Indeed, one might argue that the very fact she has managed to do so while enjoying a stellar national reputation is what signaled to Alexander he might as well dive headlong through the revolving door.) But the former NSA head presumably knows things about sophisticated intelligence-gathering practices that very, very few people on Earth have been privy to—information that could be useful in the private sector, which has a tendency to collude with the military in ways that made former President and World War II General Dwight Eisenhower very sad.
  • "What could he possibly have that's worth $1 million a month other than classified information?" wonders Melanie Sloan, founder of Citizens for Responsibility and Ethics in Washington (CREW), a good government group. "That's more than former presidents make." Indeed, even former President Bill Clinton, whose corruption since leaving office is by now the stuff of legend, doesn't have the gall to ask for that much per gig. There's a sort of "fuck it!" attitude to what Alexander is doing, seemingly kicking sand in the face of everyone angry at his surveillance regime by getting paid to reflect on the experience of assembling it. More ominously, there's the prospect that Alexander, whether deliberately or otherwise, may have left behind vulnerabilities while running the NSA so as to put himself in prime position to effectively hold the banks hostage now. Certainly, there have been reports suggesting the agency was aware of some vulnerabilities it either could or did not address.   "What is especially troubling is he might actually be worth it," says former North Carolina Democratic Congressman Brad Miller, who worked extensively on financial regulation and Wall Street reform in Congress. "He's obviously not a computer geek. Some of the things that might have seemed paranoid a few years ago now seem more than plausible given what we've already learned the NSA has been doing."
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  • In an email, former New York Times reporter and Goldman Sachs regulatory guru Stephen Labaton—who is currently president of communications and influence powerhouse RLM Finsbury and apparently fielding the General's media inquiries—dismissed Grayson's critique and Miller's concerns. "The letter is ludicrous," he wrote me, before adding about Miller, "The congressman’s kidding, right? Will he [Alexander] next be tied to the Kennedy assassination?" But as Marcy Wheeler points out, given that the former NSA boss has spent the last year hyping the incredible risk of catastrophic cyber-attack, as well as the alleged damage done by Edward Snowden (an assessment his successor does not seem to share), it's fair to ask if his consultancy is essentially a scam. That the victims are, for now, Wall Street bankers—some of the least sympathetic human beings around—is a sweet bit of irony. But it doesn't change the bigger picture: In this age of total surveillance and unchecked financial power, the frontiers of corruption never seem to stop expanding.
Paul Merrell

Lawmakers Say TPP Meetings Classified To Keep Americans in the Dark | Global Research - 0 views

  • US Trade Representative Michael Froman is drawing fire from Congressional Democrats for the Obama adminstration’s continued imposition of secrecy surrounding the Trans-Pacific Parternship. (Photo: AP file) Democratic lawmaker says tightly-controlled briefings on Trans-Pacific Partnership deal are aimed at keeping US constituents ignorant about what’s at stake Lawmakers in Congress who remain wary of the Trans-Pacific Partnership (TPP) trade agreement are raising further objections this week to the degree of secrecy surrounding briefings on the deal, with some arguing that the main reason at least one meeting has been registered “classified” is to help keep the American public ignorant about giveaways to corporate interests and its long-term implications.
  • As The Hill reports: Members will be allowed to attend the briefing on the proposed trade pact with 12 Latin American and Asian countries with one staff member who possesses an “active Secret-level or high clearance” compliant with House security rules. Rep. Rosa DeLauro (D-Conn.) told The Hill that the administration is being “needlessly secretive.” “Even now, when they are finally beginning to share details of the proposed deal with members of Congress, they are denying us the ability to consult with our staff or discuss details of the agreement with experts,” DeLauro told The Hill. Rep. Lloyd Doggett (D-Texas) condemned the classified briefing. “Making it classified further ensures that, even if we accidentally learn something, we cannot share it. What is [Froman]working so hard to hide? What is the specific legal basis for all this senseless secrecy?” Doggett said to The Hill. “Open trade should begin with open access,” Doggett said. “Members expected to vote on trade deals should be able to read the unredacted negotiating text.”
  • “I’m not happy about it,” Rep. Alan Grayson (D-Fla.) told the Huffington Post, referring to the briefing with Froman and Labor Secretary Thomas Perez on Wednesday. The meeting—focused on the section of the TPP that deals with the controversial ‘Investor-State Dispute Settlement’ (ISDS) mechanism—has been labeled “classified,” so that lawmakers and any of their staff who attend will be barred, under threat of punishment, of revealing what they learn with constituents or outside experts. According to the Huffington Post: ISDS has been part of U.S. free trade agreements since NAFTA was signed into law in 1993, and has become a particularly popular tool for multinational firms over the past few years. But while the topic remains controversial, particularly with Democrats, many critics of the administration emphasize that applying national security-style restrictions on such information is an abuse of the classified information system. An additional meeting earlier on Wednesday on currency manipulation with Froman and Treasury Secretary Jack Lew is not classified.
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  • Among its other critics, Sen. Elizabeth Warren has slammed the idea of ISDS provisions as a surrender of democratic ideals to corporate interests. According to Warren, ISDS would simply “tilt the playing field in the United States further in favor of big multinational corporations.” By having unchallenged input on secretive TPP talks, Warren argued last month, these large companies and financial interests “are increasingly realizing this is an opportunity to gut U.S. regulations they don’t like.” According to Grayson, putting Wednesday’s ISDS briefing in a classified setting “is part of a multi-year campaign of deception and destruction. Why do we classify information? It’s to keep sensitive information out of the hands of foreign governments. In this case, foreign governments already have this information. They’re the people the administration is negotiating with. The only purpose of classifying this information is to keep it from the American people.”
Paul Merrell

Federal Reserve Audit Bill Overwhelmingly Passes The House - 0 views

  • WASHINGTON -- In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve. The bill, which has 270 co-sponsors, passed 327 to 98. All but one Republican -- Rep. Bob Turner of New York -- voted for it, along with 89 Democrats. Paul teamed up with former Rep. Alan Grayson (D-Fla.) in 2010 to pass similar legislation that became part of the final Wall Street reform bill. But Paul has said new audit legislation is needed because the 2010 bill didn't go far enough. Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions. The 2012 bill doesn't limit the focus of the audit.
  • "The Fed creates trillions of dollars out of nothing and gives it to banks. Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark," Kucinich shouted on the House floor, just before the vote. "It is time for us to bring the Fed into the sunshine of accountability," he said.
Paul Merrell

Congressmen Call For DNI Clapper's Ouster | Threatpost - English - Global - threatpost.com - 0 views

  • A group of six Congressmen have asked President Barack Obama to remove James Clapper as director of national intelligence as a result of his misstatements to Congress about the NSA’s dragnet data-collection programs. The group, led by Rep. Darrell Issa (R-Calif.), said that Clapper’s role as DNI “is incompatible with the goal of restoring trust in our security programs”.
  • Clapper is the former head of the National Geospatial Intelligence Agency and has been DNI since 2010. In their letter to Obama, the group of Congressmen calling for his ouster said that he lied to Congress and should no longer be in office. “The continued role of James Clapper as Director of National Intelligence is incompatible with the goal of restoring trust in our security programs and ensuring the highest level of transparency. Director Clapper continues to hold his position despite lying to Congress, under oath, about the existence of bulk data collection programs in March 2013. Asking Director Clapper, and other federal intelligence officials who misrepresented programs to Congress and the courts, to report to you on needed reforms and the future role of government surveillance is not a credible solution,” the letter from Issa, Ted Poe, Paul Broun, Doug Collins, Walter Jones and Alan Grayson says. The Congressmen sent the letter to Obama on Monday, 10 days after the president gave a much-anticipated speech on the NSA’s role and some new limits he wants to place on the scope of its data collection. Security experts and privacy advocates were not enthusiastic about the changes Obama announced, which included a recommendation that a third party hold phone metadata records, which are now stored by the NSA.
  • One issue that Obama didn’t address in his speech was the agency’s alleged subversion of cryptographic standards and algorithms. In their letter, Issa and his colleagues urged Obama to address this issue. “While the collection of bulk telephone records (meta-data) under Section 215 of the PATRIOT Act has understandably garnered the most significant public debate over government overreach, considerable concern has been raised about the govemment’s exploitation of the Internet through circumvention of encryption. The Review Group recognized the potential hazard created by exposing vulnerabilities in encryption data and recommended that your Administration support, rather than undermine, efforts to protect the integrity of these systems.3 However, your January 17′th speech failed to address the future of encryption related programs. Internet freedom is indispensible, and reports regarding the govemment’s treatment of encryption protocols underscore the need to provide leadership and clarity beyond the collection of telephone records,” the letter says.
Paul Merrell

Bernie Sanders Introduces a Bill to Break Up the Big Banks | The Nation - 0 views

  • Senator Bernie Sanders announced legislation Wednesday that would break up the country’s largest financial institutions. It’s the third time he’s introduced such a measure, but this time around he wields the large microphone of a presidential candidate. The bill, titled the “Too Big to Fail, Too Big to Exist Act,” will also be introduced in the House by Representatives Brad Sherman and Alan Grayson. If passed, it would require regulators at the Financial Stability Oversight Council to come up with a list of too-big-to-fail institutions whose failure would threaten the economy. One year later, those banks would be broken up by the secretary of the Treasury. Sure to be included on that list, based on the standards outlined in the legislation, would be JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley.
  • It also unavoidably poses a test for Hillary Clinton, the other declared Democratic candidate. Much of the Draft Warren movement launched by progressive activists focused on the Massachusetts senator’s advocacy for combating the financial sector’s power generally, and breaking up the big banks in particular—and Clinton’s perceived weakness on that front.
  • Another likely Democratic candidate, former Maryland governor Martin O’Malley, wrote an op-ed in The Des Moines Register in March that also called for the biggest financial institutions to be broken up. Elsewhere, Senators Sherrod Brown and David Vitter have introduced similar legislation in the past, and the Federal Deposit Insurance Corporation’s Tom Hoenig also favors break-ups. Sanders and Sherman cited the danger posed to the economy by big banks, many of which are dramatically larger than they were before the 2008 financial crisis. JPMorgan Chase, for example, has increased its assets by $1.1 trillion since 2007. “In 2008 we learned that if Wall Street calls and says ‘bail us out or we’re going to take the economy down with us,’ that even if there is no statutory provision for bailouts, which there really isn’t today, Congress will pass as we did in 2008 a bill mandating the bailout,” said Sherman. “So ‘too big to fail’ means you will be bailed. That isn’t capitalism. That is socialism for the wealthy.”
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  • Sanders noted the large fines and settlement paid by big financial institutions since 2009, totaling $176 billion, and referenced former attorney general Eric Holder’s frank admission in 2013 that some banks are “too big to jail.” (Holder later walked back that comment, though no high-level executives have gone to prison for anything related to the financial crisis.)
  • The duo also described their belief that big Wall Street banks are crushing smaller and medium-sized banks. Sherman cited research from the International Monetary Fund that when big banks have implicit taxpayer backing, their access to capital is so much easier that it amounts to an extra $83 billion annually—something he argued was an unfair advantage over smaller banks that would be allowed to fail. The Independent Community Bankers of America, which represents 6,000 smaller banks, has endorsed the Sanders-Sherman legislation. Beyond just small banks, Sanders argued that enormous financial institutions harm the broader economy because those smaller banks are key sources of capital for small businesses. “Wall Street cannot be an island unto itself separate from the productive economy,” he said.
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    Sanders pushing Hillary to commit to doing something about the banks. Fat chance. But maybe he can show who she really is.
Paul Merrell

Lobbyists for Spies Appointed To Oversee Spying - The Intercept - 0 views

  • Who’s keeping watch of the National Security Agency? In Congress, the answer in more and more cases is that the job is going to former lobbyists for NSA contractors and other intelligence community insiders. A wave of recent appointments has placed intelligence industry insiders into key Congressional roles overseeing intelligence gathering. The influx of insiders is particularly alarming because lawmakers in Washington are set to take up a series of sensitive surveillance and intelligence issues this year, from reform of the Patriot Act to far-reaching “information sharing” legislation.
  • Who’s keeping watch of the National Security Agency? In Congress, the answer in more and more cases is that the job is going to former lobbyists for NSA contractors and other intelligence community insiders. A wave of recent appointments has placed intelligence industry insiders into key Congressional roles overseeing intelligence gathering. The influx of insiders is particularly alarming because lawmakers in Washington are set to take up a series of sensitive surveillance and intelligence issues this year, from reform of the Patriot Act to far-reaching “information sharing” legislation. After the first revelations of domestic surveillance by NSA whistleblower Edward Snowden, President Obama defended the spying programs by claiming they were “subject to congressional oversight and congressional reauthorization and congressional debate.” But as Rep. Alan Grayson, D-Fla., and other members of Congress have pointed out, there is essentially a “two-tiered” system for oversight, with lawmakers and staff on specialized committees, such as the House and Senate committees on Intelligence and Homeland Security, controlling the flow of information and routinely excluding other Congress members, even those who have asked for specific information relating to pending legislation.
  • The Intercept reviewed the new gatekeepers in Congress, the leading staffers on the committees overseeing intelligence and surveillance matters, and found a large number of lobbyists and consultants passing through the revolving door between the intelligence community and the watchdogs who purportedly oversee the intelligence community. We reached out to each of them earlier this week and have yet to hear back:
Paul Merrell

Ferguson Police Militarization: Cash Flowed To Lawmakers Who Voted To 'Militarize' Police - 0 views

  • As local law enforcement has deployed martial tactics against those protesting the police killing of an 18-year-old in Ferguson, Missouri, a debate is suddenly raging over how municipal police forces came to resemble military units. A new report suggests the trend may, in part, have to do with campaign contributions to congressional lawmakers. At issue is the federal government’s so-called 1033 Program, which permits the Pentagon to give military hardware to local police departments. 
  • The group’s new report looked at a June congressional vote on legislation, offered by U.S. Rep. Alan Grayson, D-Fla., that would have blocked the Pentagon from spending resources on transferring military hardware to local police agencies. The bill was defeated 62-355.  According to data compiled by Maplight, the lawmakers “voting to continue funding the 1033 Program have received, on average, 73 percent more money from the defense industry than representatives voting to defund it.” In all, the average lawmaker voting against the bill received more than $50,000 in campaign donations from the defense industry in the last two years. The report also found that of the 59 lawmakers who received more than $100,000  from defense contractors in the last two years, only four voted for Grayson’s legislation. Though thought of as a political force primarily in federal policymaking, the defense industry also spends on state politics, which influences law enforcement procurement decisions. According to data compiled by the National Institute for Money in State Politics, more than $8 million of campaign contributions has been dumped into state elections in the last decade by military contractors and their employees.
  • Police officials say the equipment helps them better secure local communities. By contrast groups such as the American Civil Liberties Union have recently launched a national campaign to demilitarize local police departments. That campaign got a boost this week when Republican Sen. Rand Paul of Kentucky, a prospective 2016 presidential candidate, published an editorial in Time magazine echoing the ACLU’s message in the wake of the Ferguson shooting.  “When you couple this militarization of law enforcement with an erosion of civil liberties and due process that allows the police to become judge and jury — national security letters, no-knock searches, broad general warrants, pre-conviction forfeiture — we begin to have a very serious problem on our hands,” he wrote.
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