Group items tagged

ou know the old joke: How do you make a killing on Wall Street and never risk a loss? Easy—use other people’s money. Jamie Dimon and his underlings at JPMorgan Chase have perfected this dark art at America’s largest bank, which boasts a balance sheet one-eighth the size of the entire US economy.1 After JPMorgan’s deceitful activities in the housing market helped trigger the 2008 financial crash that cost millions of Americans their jobs, homes, and life savings, punishment was in order. Among a vast array of misconduct, JPMorgan engaged in the routine use of “robo-signing,” which allowed bank employees to automatically sign hundreds, even thousands, of foreclosure documents per day without verifying their contents. But in the United States, white-collar criminals rarely go to prison; instead, they negotiate settlements. Thus, on February 9, 2012, US Attorney General Eric Holder announced the National Mortgage Settlement, which fined JPMorgan Chase and four other mega-banks a total of $25 billion.2 JPMorgan’s share of the settlement was $5.3 billion, but only $1.1 billion had to be paid in cash; the other $4.2 billion was to come in the form of financial relief for homeowners in danger of losing their homes to foreclosure. The settlement called for JPMorgan to reduce the amounts owed, modify the loan terms, and take other steps to help distressed Americans keep their homes. A separate 2013 settlement against the bank for deceiving mortgage investors included another $4 billion in consumer relief.3 A Nation investigation can now reveal how JPMorgan met part of its $8.2 billion settlement burden: by using other people’s money.4 Here’s how the alleged scam worked. JPMorgan moved to forgive the mortgages of tens of thousands of homeowners; the feds, in turn, credited these canceled loans against the penalties due under the 2012 and 2013 settlements. But here’s the rub: In many instances, JPMorgan was forgiving loans on properties it no longer owned.5 The alleged fraud is described in internal JPMorgan documents, public records, testimony from homeowners and investors burned in the scam, and other evidence presented in a blockbuster lawsuit against JPMorgan, now being heard in US District Court in New York City.6 JPMorgan no longer owned the properties because it had sold the mortgages years earlier to 21 third-party investors, including three companies owned by Larry Schneider. Those companies are the plaintiffs in the lawsuit; Schneider is also aiding the federal government in a related case against the bank. In a bizarre twist, a company associated with the Church of Scientology facilitated the apparent scheme. Nationwide Title Clearing, a document-processing company with close ties to the church, produced and filed the documents that JPMorgan needed to claim ownership and cancel the loans.

Donald Trump, for reasons I’ve repeatedly pointed out, is an extremist, despicable, and dangerous candidate, and his almost-certain humiliating defeat is less than a month away. So I realize there is little appetite in certain circles for critiques of any of the tawdry and sometimes fraudulent journalistic claims and tactics being deployed to further that goal. In the face of an abusive, misogynistic, bigoted, scary, lawless authoritarian, what’s a little journalistic fraud or constant fearmongering about subversive Kremlin agents between friends if it helps to stop him? But come January, Democrats will continue to be the dominant political faction in the U.S. — more so than ever — and the tactics they are now embracing will endure past the election, making them worthy of scrutiny. Those tactics now most prominently include dismissing away any facts or documents that reflect negatively on their leaders as fake, and strongly insinuating that anyone who questions or opposes those leaders is a stooge or agent of the Kremlin, tasked with a subversive and dangerously un-American mission on behalf of hostile actors in Moscow. To see how extreme and damaging this behavior has become, let’s just quickly examine two utterly false claims that Democrats over the past four days — led by party-loyal journalists — have disseminated and induced thousands of people, if not more, to believe. On Friday, WikiLeaks published its first installment of emails obtained from the account of Clinton campaign chair John Podesta. Despite WikiLeaks’ perfect, long-standing record of only publishing authentic documents, MSNBC’s favorite ex-intelligence official, Malcolm Nance, within hours of the archive’s release, posted a tweet claiming — with zero evidence and without citation to a single document in the WikiLeaks archive — that it was compromised with fakes:

As you can see, more than 4,000 people have re-tweeted this “Official Warning.” That includes not only random Clinton fans but also high-profile Clinton-supporting journalists, who by spreading it around gave this claim their stamp of approval, intentionally leading huge numbers of people to assume the WikiLeaks archive must be full of fakes, and its contents should therefore simply be ignored. Clinton’s campaign officials spent the day fueling these insinuations, strongly implying that the documents were unreliable and should thus be ignored. Poof: Just like that, unpleasant facts about Hillary Clinton disappeared, like a fairy protecting frightened children by waving her magic wand and sprinkling her dust over a demon, causing it to scatter away. Except the only fraud here was Nance’s claim, not any of the documents published by WikiLeaks. Those were all real. Indeed, at Sunday night’s debate, when asked directly about the excerpts of her Wall Street speeches found in the release, Clinton herself confirmed their authenticity. And news outlets such as the New York Times and AP reported — and continue to report — on their contents without any caveat that they may be frauds. No real print journalists or actual newsrooms (as opposed to campaign operatives masquerading as journalists) fell for this scam, so this tactic did not prevent reporting from being done.

corruption investigation into Prime Minister Benjamin Netanyahu is reportedly addressing suspicions the premier and his wife illicitly accepted cigars worth hundreds of thousands of shekels and champagne from a Hollywood billionaire.

Channel 2 news reported Thursday evening that Netanyahu received the cigars from acclaimed American-Israeli producer Arnon Milchan over the last seven-eight years. His wife, Sara, received bottles of pink champagne worth hundreds of shekels apiece during that period, the TV report said.

Netanyahu is known as a connoisseur of fine cigars, and Channel 2 noted rumors the prime minister smokes tens of thousands of shekels’ worth of them each month. Police questioned Netanyahu under caution for a second time Thursday, in a five-hour-long session at his Jerusalem residence that lasted late into the evening, about suspicions he accepted gifts from foreign businessmen. Police announced afterward that they had also interrogated another, unnamed suspect in the case earlier in the week. Some reports said this second suspect was Milchan. Police had interviewed the prime minister on Monday for three hours, during which Netanyahu admitted that he had received gifts from businessmen, but insisted they were entirely legal exchanges, his lawyer said.

Larry Silverstein was caught admitting on camera that he planned to build an entirely new World Trade Center 7 (WTC-7) building one year before the 9/11 attacks had occurred.

Back in April 2000, one year and five months before the attacks, “Lucky Larry” held a meeting to discuss plans to replace building 7 in 2002.  As reported by Veterans Today: “We got the designs.  And the first design meeting was in April of 2000. And construction began shortly thereafter, in 2002.”

One slight problem: If he hadn’t been planning the illegal, un-permitted, homicidal demolitions of WTC-7 and the entire World Trade Center complex that took place on September 11th, 2001, there would have been no point to any such design meeting back in April, 2000 … and no opportunity for beginning construction of a new WTC-7 in 2002.

In response to political scandal and public outrage, official Washington repeatedly uses the same well-worn tactic. It is the one that has been hauled out over decades in response to many of America's most significant political scandals. Predictably, it is the same one that shaped President Obama's much-heralded Friday speech to announce his proposals for "reforming" the National Security Agency in the wake of seven months of intense worldwide controversy.The crux of this tactic is that US political leaders pretend to validate and even channel public anger by acknowledging that there are "serious questions that have been raised". They vow changes to fix the system and ensure these problems never happen again. And they then set out, with their actions, to do exactly the opposite: to make the system prettier and more politically palatable with empty, cosmetic "reforms" so as to placate public anger while leaving the system fundamentally unchanged, even more immune than before to serious challenge.

In response to political scandal and public outrage, official Washington repeatedly uses the same well-worn tactic. It is the one that has been hauled out over decades in response to many of America's most significant political scandals. Predictably, it is the same one that shaped President Obama's much-heralded Friday speech to announce his proposals for "reforming" the National Security Agency in the wake of seven months of intense worldwide controversy.The crux of this tactic is that US political leaders pretend to validate and even channel public anger by acknowledging that there are "serious questions that have been raised". They vow changes to fix the system and ensure these problems never happen again. And they then set out, with their actions, to do exactly the opposite: to make the system prettier and more politically palatable with empty, cosmetic "reforms" so as to placate public anger while leaving the system fundamentally unchanged, even more immune than before to serious challenge.This scam has been so frequently used that it is now easily recognizable.

The Navy has suspended two admirals in a broadening bribery scandal that already has ensnared three senior naval officials.Involving charges of prostitution and payoffs, the scandal is the U.S. military’s highest-profile case of officer misconduct this year — part of a trend that has caused deep concern among Pentagon officials. The number of substantiated cases of misconduct has increased steadily since 2008, according to statistics by the Defense Department’s inspector general.The Navy is investigating Vice Adm. Ted Branch, director of naval intelligence, and Rear Adm. Bruce Loveless, director of intelligence operations, on accusations of “illegal and improper relations” with a defense contractor who scammed the Navy of millions of dollars and bribed naval officials with hookers and gifts over several years.Neither admiral has been charged with a crime or violation, but the Navy said the accusations against them involve “inappropriate conduct prior to their current assignments and flag officer rank.”So far, three Navy officials have been arrested and charged with giving classified information to Malaysian defense contractor Leonard Glenn Francis in exchange for concert tickets, prostitutes and other illicit gifts.

The contractor’s company, Glenn Defense Marine Asia Ltd., serviced naval ships in Southeast Asia, and the classified information helped him win Navy contracts worth hundreds of millions of dollars. The information included ship movements and scheduled port visits, and data about internal Navy investigations of the company.

It’s a Myth that the U.S. Has Never Defaulted On Its Debt Some people argue that countries can’t default.  But that’s false. It is widely stated that the U.S. government has never defaulted.  However, that is also a myth.

On April 6, The London Review of Books published in its online journal Seymour Hersh’s “The Red Line and the Rat Line.” Hersh continues to expose details surrounding the staged August 21 chemical attack incident in Syria, which apparently pretty much everyone in Washington’s intelligence bureaucracy suspected was carried out by the rebels as soon as it happened. Seymour Hersh is a Pulitzer Prize winning journalist whose 40+ years career includes the exposing of the My Lai Massacre  and its cover-up, as well as the Abu Ghraib prison scandal. His December 19 report, “Whose Sarin?” -was his first report to expose the Syria chemical attack hoax based on close contact with US Intelligence officials. While “Whose Sarin” was originally prepared for the Washington Post, the newspaper rejected it and a media blackout followed in American press. Currently, Hersh’s newest investigative findings are going unacknowledged in mainstream US media.

Hersh’s report confirms the following: Obama’s push for attack on Syria was halted last minute when evidence that the Syrian government had nothing to do with the August 21 chemical attack became too overwhelming It had been well known to US government officials throughout the summer of 2013 that Turkish PM Erdogan was supporting al-Nusra Front in attempts to manufacture Sarin US military knew of Turkish and Saudi program for bulk Sarin production inside Syria from the spring of 2013 UN inspectors knew the rebels were using chemical weapons on the battlefield since the spring of 2013 As a result of the staged chemical incident, the White House ordered readiness for a “monster strike” on Syria, which included “two B-22 air wings and two thousand pound bombs” -and a target list which included military and civilian infrastructure targets (note: most of these are in densely populated civilian areas)

Full military strike was set for September 2 UK defense officials relayed to their American counterparts in the lead up to planned attack: “We’re being set up here.” CIA, MI6, Saudi Arabia, Qatar, and Turkey set up a “rat line” back in 2012 to run Libyan weapons into Syria via Turkey, including MANPADS; the Benghazi consulate was headquarters for the operation Obama OK’ed Turkish-Iranian gold export scam (that went from March 2012 to July 2013) which erupted in a Turkish scandal that nearly brought down the Erdogan government US Intelligence community had immediate doubts about Syrian regime responsibility for Aug. 21 attack, yet “reluctant to contradict the president” US government will not expose continued Turkey support of terrorism simply because “they’re a NATO ally”

Is it a depression? Is it a depression if you live in Greece or Spain or Portugal? Is it a depression if you're among the over 12% unemployed in Italy? When you look at John Williams's ShadowStats, in the US we're looking at about 22% unemployment. So yes, it's a depression for a lot of people. And then again, median household income in the US, accounting for inflation, is 10% below 1999 levels. That's a fact. So if you're earning 10 percent less for your family than you were in 1999 and the costs have skyrocketed since then, particularly in healthcare, food, rent, property, gas and other costs, do you think you're living in a depression? Daily Bell: Is central banking an art, a science or just a fraud?

To the young Syrian rebel fighter, the Skype message in early December 2013 appeared to come from a woman in Lebanon, named Iman Almasri, interested in his cause. Her picture, in a small icon alongside her name, showed a fair-skinned 20-something in a black head covering, wearing sunglasses.They chatted online for nearly two hours, seemingly united in their opposition to the rule of Bashar al-Assad, the Syrian leader still in power after a civil war that has taken more than 200,000 lives. Eventually saying she worked “in a programing company in Beirut,” the woman asked the fighter whether he was talking from his computer or his smartphone. He sent her a photo of himself and asked for another of her in return. She sent one immediately, apologizing that it was a few years old.“Angel like,” he responded. “You drive me crazy.”

What the fighter did not know was that buried in the code of the second photo was a particularly potent piece of malware that copied files from his computer, including tactical battle plans and troves of information about him, his friends and fellow fighters. The woman was not a friendly chat partner, but a pro-Assad hacker — the photos all appear to have been plucked from the web.

The Syrian conflict has been marked by a very active, if only sporadically visible, cyberbattle that has engulfed all sides, one that is less dramatic than the barrel bombs, snipers and chemical weapons — but perhaps just as effective. The United States had deeply penetrated the web and phone systems in Syria a year before the Arab Spring uprisings spread throughout the country. And once it began, Mr. Assad’s digital warriors have been out in force, looking for any advantage that could keep him in power.In this case, the fighter had fallen for the oldest scam on the Internet, one that helped Mr. Assad’s allies. The chat is drawn from a new study by the intelligence-gathering division of FireEye, a computer security firm, which has delved into the hidden corners of the Syrian conflict — one in which even a low-tech fighting force has figured out a way to use cyberespionage to its advantage. FireEye researchers found a collection of chats and documents while researching malware hidden in PDF documents, which are commonly used to share letters, books or other images. That quickly took them to the servers where the stolen data was stored.

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."

GLOBAL RESEARCH ONLINE INTERACTIVE READER SERIES GR I-BOOK No.  7  THE 9/11 READER The September 11, 2001 Terror Attacks 9/11 Truth: Revealing the Lies,  Commemorating the 9/11 Tragedy

August 2012 The 911/ Reader is part of Global Research’s Online Interactive I-Book Reader, which brings together, in the form of chapters, a collection of Global Research feature articles, including debate and analysis, on a broad theme or subject matter.  To consult our Online Interactive I-Book Reader Series, click here.

Table of Contents of the 9/11 Reader In Part I, the 911 Reader provides a review of what happened on the morning of 9/11, at the White House, on Capitol Hill, the Pentagon, at Strategic Command Headquarters (USSTRATCOM), What was the response of the US Air Force in the immediate wake of the attacks?  Part II focusses on “What Happened on the Planes” as described in the 9/11 Commission Report. Part III sheds light on what caused the collapse of the World Trade Center buildings. It also challenges the official narrative with regard to the attack on the Pentagon. Part IV reviews and refutes the findings of the 9/11 Commission Report. Part V focusses on the issue of foreknowledge by Western intelligence agencies. Part VI examines the issue of how foreknowledge of the attacks was used as an instrument of insider trading on airline stocks in the days preceding September 11, 2001. The bonanza financial gains resulting from insurance claims to the leaseholders of the WTC buildings is also examined.

The Yediot Achronot conference attacking BDS has become a veritable carnival of hate.  Everyone from delusional Hollywood celebrities (Roseanne Barr) to cabinet ministers, to the leader of the Opposition have pledged fealty to the cause. But the apogee same yesterday when Transportation Minister Israel Katz called for the “civil targeted killing“of BDS leaders like Omar Barghouti.  The phrase he used (sikul ezrahi memukad) derives from the euphemistic Hebrew phrase for the targeted killing of a terrorist (the literal meaning is “targeted thwarting”).  But the added word ” civil” makes it something different.  Katz is saying that we won’t physically murder BDS opponents, but we will do everything short of that. One may rightly ask what business a transportation minister has conducting targeted killings, physical or otherwise, against anyone.  Though everything in Israel is in service to the national security state, has transportation fallen under that bailiwick as well? We are entering dangerous territory when an Israeli cabinet minister engages in wordplay that verges on putting a bull’s-eye on the backs of non-violent activists.  If there are Israel apologists out there who dismiss the significance of such rhetoric they are sadly mistaken.  In this torrid political environment in which Israeli leftists have become criminals and wounded Palestinian youth may be summarily executed in the street,  it is only too easy to forsee Palestinian activists like Barghouti having a bounty on their heads. Does anyone doubt there are scores of Yigal Amirs out there who’d be pleased to strike a blow for their hateful cause by putting a bullet in the head of a Palestinian?

Not to be outdone, Interior Minister Aryeh Deri called for stripping BDS founder Omar Barghouti of his Israeli residency, which he gained in 1994 when he married an Israeli citizen.  Deri claimed that Barghouti is employing a scam against Israel because his main residence is Ramallah and not Israel (though he’s pursuing, or has completed, an MA at Tel Aviv University).  Given Katz’s ever so veiled threat against him it would be no wonder if Barghouti did choose to value his safety and live where he’s not under threat of death.

The Obama administration, and especially the CIA and the State Department, seem to be in trouble. They shout everything they can against Russia and allege that the cleansing of east-Aleppo of al-Qaeda terrorist is genocidal. Meanwhile no mention is ever made of the famine of the Houthis in Yemen which the U.S. and Saudi bombing and their blockade directly causes.

But more and more major news accounts support the Russian allegation that the "moderate rebels" the U.S. is coddling in Syria are actually in cahoots with al-Qaeda if not al-Qaeda itself.

The new news reports follow after an interview by the German former politician and journalist Jürgen Todenhöfer with an al-Qaeda commander published in English on this site. The commander said that Nusra (aka al-Qaeda) were directly supplied, via a subgroup, with U.S. TOW missiles. He added about such groups: They are all with us. We are all the al-Nusra Front. A groups is created and calls itself "Islamic Army", or "Fateh al-Sham". Each group has its own name but their believe is homogeneous. The general name is al-Nusra Front. One person has, for example, 2,000 fighters. Then he creates from these a new group and calls it "Ahrar al-Sham". Brothers, who's believe, thoughts and aims are identical to those of al-Nusra Front. Another interview recently published by the former military Jack Murphy was with a Green Beret soldier who served in Turkey and Syria. The Green Berets are special forces of the U.S. army. They are specialists in training and  fighting with indigenous guerrilla groups against governments the U.S. dislikes. The soldier interviewed was ordered to train "moderate Syrian rebels" in Turkey. Parts of the interview (paywalled) are quoted here: