Group items tagged

The bank announced that both its revenue and profit were down during the fourth quarter of 2014, with few bright spots across its many business lines. The bank’s profits were also dragged down by $1 billion it put aside to deal with a government investigation of wrongdoing on its foreign currency trading desks. The bank has also begun preparing for new rules that are expected to be tougher on JPMorgan than any other financial firm. During conference calls with reporters and analysts, Mr. Dimon sounded like a chief executive under siege.

Mr. Mayo, who was one of the first analysts to call for the big banks to be broken up, pointed out on Wednesday that as JPMorgan had continued to grow it had actually become somewhat less efficient, as measured by the ratio between its expenses and revenue. When the questions about the bank’s future kept coming on Wednesday morning, Mr. Dimon sounded increasingly frustrated with the analysts. “This company has been a fortress company,” he said. “It has delivered to clients and its diversification is the reason why it’s had less volatility of earnings and was able to go through the crisis and never lost money ever, not one quarter.”

He helped conduct a trial explosion of a 750-kilogram bomb as a trial run for a planned truck-bomb attack on the American Embassy in London, he said, using the same weapon used in the Qaeda attacks in 1998 on the American Embassies in Kenya and Tanzania. He also studied the possibility of staging attacks with crop-dusting aircraft.In addition, Mr. Moussaoui said, “We talk about the feasibility of shooting Air Force One.” Specifically, he said, he had met an official of the Islamic Affairs Department of the Saudi Embassy in Washington when the Saudi official visited Kandahar. “I was supposed to go to Washington and go with him” to “find a location where it may be suitable to launch a Stinger attack and then, after, be able to escape,” he said.

Also filed on Monday in the survivors’ lawsuit were affidavits from former Senators Bob Graham of Florida and Bob Kerrey of Nebraska and the former Navy secretary John Lehman, arguing that more investigation was needed into Saudi ties to the 9/11 plot. Mr. Graham was co-chairman of the Joint Congressional Inquiry into the attacks, and Mr. Kerrey and Mr. Lehman served on the 9/11 Commission.

“I am convinced that there was a direct line between at least some of the terrorists who carried out the Sept. 11 attacks and the government of Saudi Arabia,” wrote Mr. Graham, who has long demanded the release of 28 pages of the congressional report on the attacks that explore Saudi connections and remain classified.Mr. Kerrey said in the affidavit that it was “fundamentally inaccurate and misleading” to argue, as lawyers for Saudi Arabia have, that the 9/11 Commission exonerated the Saudi government.

The official results of Obama’s call for surveillance reform also appear to have failed to address encryption. The FBI director, James Comey, and other officials have been highly critical of the use of encryption by tech companies such as Apple to protect their users’ information. Comey has argued that stronger encryption, baked in to some technology after the Snowden revelations, will aid criminals and terrorists and shut out law enforcement.

Other measures outlined in the new report include steps to clarify the protection given to whistleblowers if they follow internal rules and a requirement that “any significant compliance incident involving personal information, regardless of the person’s nationality” be reported to Clapper.

The intelligence report itself acknowledges that further reforms called for by the president, such as ending the collection of bulk data by the government, have not been implemented, possibly due to stalled legislative efforts in Congress.

The report also details the ODNI’s and IC’s plans for the future, including: (1) Working with Congress to reauthorize bulk collection under Section 215. (2) Updating agency guidelines under Executive Order 12333 “to protect the privacy and civil liberties of U.S. persons.” (3) Producing another annual report in January 2016 on the IC’s progress in implementing signals intelligence reforms. These plans raise more questions than they answer. Given the considerable doubts about Section 215’s effectiveness, why is the ODNI pushing for its reauthorization? And what will the ODNI consider appropriate privacy protections under Executive Order 12333?

“We will be filing motions for discovery regarding the former CIA interpreter utilized by Mr. Bin al Shibh’s defense team,” said attorney Cheryl Bormann, defending the alleged terror trainer Walid bin Attash, 36, who she said was shaken at seeing someone from a black site.Bormann also said she would be seeking a court order from Judge Pohl similar to the one Pohl styled after disclosure that FBI agents were investigating and questioning members of the 9/11 defense team: Instructing the defense team members to disclose if they worked for the CIA or a CIA contractor, absolving them of any Non Disclosure Order they signed with the CIA.“If people aren’t truthful about their background,” Bormann said, “there’s really no way for us to determine whether or not they are inappropriately assigned to our team.”

Filmmaker Richard Rowley and I produced a 30 minute documentary on the Nisour Square massacre and the story of Ali Kinani for Democracy Now! and The Nation magazine:

Meanwhile John Kerry is doing fancy footwork, explaining the legislation away, in a letter to Javad Zarif. we remain fully committed to the sanctions lifting provided for under the JCPOA. We will adhere to the full measure of our commitments, per the agreement. At the State Department briefing Monday, reporters questioned why the legislation didn’t amount to a violation of the Iran Deal:

Here is some more blindness in the media on these issues. NPR has continually deceived listeners about Sheldon Adelson’s agenda, and it did so again yesterday. Adelson is a leading opponent of the Iran Deal, as a supporter of Israel. He has called on President Obama to nuke Iran. But in a report on Adelson’s purchase of a Nevada newspaper, NPR once again leaves out the Israel angle of Adelson’s interests. It says blandly: Adelson is also prominently involved in national politics. That link is to a story about his on-line gambling concerns. But as Cory Bennett of the Hill said on CSPAN the other day– something I did not know till now– Iran is said to have undertaken a cyber-attack on Sheldon Adelson’s casino last year because of his call to nuke Iran.  The alleged cyber-attack:  Investigators determined that hacker activists were the ones who broke into servers belonging to the Las Vegas Sands Corporation in February 2014, costing the company more than $40 million in damages and data recovery costs, Bloomberg Businessweek reported Thusday citing a report by cybersecurity firm Dell SecureWorks. The hackers were acting in retaliation to the company’s CEO, casino magnate Sheldon Adelson’s statement that Obama should detonate a nuclear bomb in Tehran, which stirred controversy around the world. This is the battle behind the headlines. And in a transparent effort to get Adelson’s backing, as well as that of the Andrew Herenstein’s of the world, the neoconservative favorite in the Republican race, Senator Marco Rubio, has vowed to tear up the Iran deal on his first day in the White House if he’s elected. Thus the ideological war over how much the U.S. should support Israel is playing out in global terms; and our media are shying away from the story.

Last week, House Republicans issued a report portraying as reckless and illegal Mr. Obama’s decision in May 2014 to swap Sergeant Bergdahl for five Taliban detainees who were being held at Guantánamo Bay, Cuba.

Obviously, making the big banks bigger also serves the interests of the megabanks, whose lobbyists are well known to have their fingerprints all over the legislation. How they have been able to manipulate the rules was seen last December, when legislation drafted by Citigroup and slipped into the Omnibus Spending Bill loosened the Dodd-Frank regulations on derivatives. As noted in a Mother Jones article before the legislation was passed: The Citi-drafted legislation will benefit five of the largest banks in the country—Citigroup, JPMorgan Chase, Goldman Sachs, Bank of America, and Wells Fargo. These financial institutions control more than 90 percent of the $700 trillion derivatives market. If this measure becomes law, these banks will be able to use FDIC-insured money to bet on nearly anything they want. And if there’s another economic downturn, they can count on a taxpayer bailout of their derivatives trading business.

Regulation is clearly inadequate to keep these banks honest and ensure that they serve the public interest. The world’s largest private banks have been caught in criminal acts that former bank fraud investigator Prof. William K. Black calls the greatest frauds in history. The litany of frauds involves more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; and engaging in multiple forms of mortgage fraud. According to US Attorney General Eric Holder, the guilty have gone unpunished because they are “too big to prosecute.” If they are too big to prosecute, they are too big to regulate.

When Nonviolence Fails Arabesques$ devotes far more attention to Libya, Syria and Yemen than Bensaada’s first book. In the section on Libya, Bensaada zeroes in on eleven key US assets who engineered the overthrow of Gaddafi. Some participated in the same State Department trainings as the Middle East opposition activists and instigated nonviolent Facebook and Twitter protests to coincide with the 2011 uprisings in Tunisian and Egypt. Others, in exile, underwent guerrilla training sponsored by the CIA, Mossad, Chad and Saudi Arabia. A few months after Gaddafi’s assassination, some of these same militants would lead Islamic militias attempting to overthrow Assad in Syria. Between 2005 and 2010, the State Department funneled $12 million to opposition groups opposed to Assad. The US also financed Syrian exiles in Britain to start an anti-government cable TV channel they beamed into Syria. In the section on Syria, Bensaada focuses on a handful of Syrian opposition activists who received free US training in cyberactivism and nonviolent resistance beginning in 2006. One, Ausama Monajed, is featured in the 2011 film How to Start a Revolution about a visit with Gene Sharp in 2006. Monajed and others worked closely with the US embassy, funded by the Middle East Partnership Initiative (MEPI). This is a State Department program that operates in countries (such as Libya and Syria) where USAID is banned. In February 2011, these groups posted a call on Twitter and Facebook for a Day of Rage. Nothing happened. When Sharpian techniques failed to produce a sizable nonviolent uprising, as in Libya, they and their allies (Saudi Arabia, Turkey, Qatar and Jordan) were all set up to introduce Islamic mercenaries (many directly from Libya) to declare war on the Assad regime.

Dr. Bramhall is a retired American psychiatrist and political refugee in New Zealand. She has published a free, downloadable non-fiction ebook 21st Century Revolution.

The settlement is monumental in the sense that James Mitchell and Bruce Jessen are the first individuals to be held responsible, to some degree, for CIA torture in the “War on Terrorism.” “This is a historic victory for our clients and the rule of law,” declared ACLU attorney Dror Ladin. “This outcome shows that there are consequences for torture and that survivors can and will hold those responsible for torture accountable. It is a clear warning for anyone who thinks they can torture with impunity.” However, the CIA investigated the actions of its personnel and determined not a single person committed a crime that deserved prosecution. President Barack Obama’s administration conducted a review of detention and interrogation practices, but they shied away from prosecuting any government officials or interrogators, who were implicated in carrying out torture.

The high point of public “accountability” was a study conducted by the Senate Select Committee on Intelligence. A summary of the report clearly established much of the extent to which the CIA carried out brutality against detainees and then sought to conceal it from those who might provide any kind of oversight. It was the Obama administration that opposed individuals, such as Ethiopian native Binyam Mohamed and Canadian citizen Maher Arar, as they sought to hold officials in President George W. Bush’s administration accountable. They took steps to prevent survivors from having their day in court, and that’s partly why the fact that this civil lawsuit nearly made it to trial was significant. With a U.S. president in office now who has praised waterboarding and other forms of torture, this is unlikely to be much of a deterrent on government officials who engage in torture or abuse. It may impact whether private contractors participate in the detention or interrogation of captives. Or it might lead private contractors to ensure there are more clearly laid out terms in contracts to prevent them from being held liable in courts. Still, the survivors achieved some semblance of justice, and given how rare any sliver of justice is when it comes to cases against people implicated in government-sponsored torture, this settlement is inarguably a remarkable outcome.

Now Mr. Comey did behave in a bizarre fashion during the Election. We won’t dive into the details here (lots of wedge issues there). But if you look at that story again in the context of a network of compromised politicians, royalty and ceo’s, one could make the case that it played out something like this: Comey was ordered to stand down. He resisted at first. He saw evidence of corruption. So levers were pulled. Bill Clinton’s conversation with Loretta Lynch on the tarmac was part of this, but we’ll probably never know the full extent. Everyone has skeletons in their closets. Very few have the integrity to do what’s right when facing total ruin.

Comey capitulated, but not before he demonstrated that he has a disobedient streak. This combined with the fact that he presided over the FBI during the investigation into the Lolita Express and therefore has access to information that could destroy Trump, Clinton and ultimately a whole gaggle of well placed puppets makes him a liability. Trump’s handlers want Comey replaced with someone who is compromised, and compliant, with a spotless public image.