Before there was TARP there was this:
The Federal Reserve and the big
banks fought for more than two years to keep details of the
largest bailout in U.S. history a secret. Now, the rest of the
world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so
deep they required a combined $1.2 trillion on Dec. 5, 2008,
their single neediest day. Bankers didn’t mention that they took
tens of billions of dollars in emergency loans at the same time
they were assuring investors their firms were healthy. And no
one calculated until now that banks reaped an estimated $13
billion of income by taking advantage of the Fed’s below-market
rates, Bloomberg Markets magazine reports in its January issue.
http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html
Monday, November 28, 2011
Sunday, November 27, 2011
Big Brother (and Sister) is watching
There’s plenty of reason to be concerned Big Brother is watching.
We’re paranoid not because we have grandiose notions of our self-importance, but because the facts speak for themselves.
Here’s our short list of nine reasons that Wired readers ought to wear tinfoil hats, or at least, fight for their rights and consider ways to protect themselves with encryption and defensive digital technologies.
We know the list is incomplete, so if you have better reasons that we list here, put them in the comments and we’ll make a list based off them.
Until then, remember: Don’t suspect a friend; report him.
http://www.wired.com/threatlevel/2011/11/reasons-to-wear-tinfoil-hats/
We’re paranoid not because we have grandiose notions of our self-importance, but because the facts speak for themselves.
Here’s our short list of nine reasons that Wired readers ought to wear tinfoil hats, or at least, fight for their rights and consider ways to protect themselves with encryption and defensive digital technologies.
We know the list is incomplete, so if you have better reasons that we list here, put them in the comments and we’ll make a list based off them.
Until then, remember: Don’t suspect a friend; report him.
http://www.wired.com/threatlevel/2011/11/reasons-to-wear-tinfoil-hats/
Monday, November 7, 2011
Correcting the ‘fairy tale’: A SEAL’s account of how Osama bin Laden really died
The Daily Caller - 4 hrs ago
Forget whatever you think you know about the night Osama bin Laden was killed. According to a former Navy SEAL who claims to have the inside track, the mangled tales told of that historic night have only now been corrected.
“It became obvious in the weeks evolving after the mission that the story that was getting put out there was not only untrue, but it was a really ugly farce of what did happen,” said Chuck Pfarrer, author of Seal Target Geronimo: The Inside Story of the Mission to Kill Osama Bin Laden.
In an extensive interview with The Daily Caller, Pfarrer gave a detailed account of why he believes the record needed to be corrected, and why he set out to share the personal stories of the warriors who penetrated bin Laden’s long-secret compound in Abbottabad, Pakistan.
In August the New Yorker delivered a riveting blow-by-blow of the SEALs’ May 1, 2011 raid on bin Laden’s hideaway. In that account, later reported to lack contributions from the SEALs involved, readers are taken through a mission that began with a top-secret helicopter crashing and led to a bottom-up assault of the Abbottabad compound.
Freelancer Nicholas Schmidle wrote that the SEALs had shot and blasted their way up floor-by-floor, finally cornering the bewildered Al-Qaida leader:
“The Al Qaeda chief, who was wearing a tan shalwar kameez and a prayer cap on his head, froze; he was unarmed. ‘There was never any question of detaining or capturing him—it wasn’t a split-second decision. No one wanted detainees,’ the special-operations officer told me. (The Administration maintains that had bin Laden immediately surrendered he could have been taken alive.) Nine years, seven months, and twenty days after September 11th, an American was a trigger pull from ending bin Laden’s life. The first round, a 5.56-mm. bullet, struck bin Laden in the chest. As he fell backward, the SEAL fired a second round into his head, just above his left eye.”
Chuck Pfarrer rejects almost all of that story.
“The version of the 45-minute firefight, and the ground-up assault, and the cold-blooded murder on the third floor — that wasn’t the mission,” Pfarrer told TheDC.
“I had to try and figure out, well, look: Why is this story not what I’m hearing? Why is it so off and how is it so off?” he recounted. “One of the things I sort of determined was, OK, somebody was told ‘one of the insertion helicopters crashed.’ OK, well that got muddled to ‘a helicopter crashed on insertion.’”
The helicopters, called “Stealth Hawks,” are inconspicuous machines concealing cutting-edge technology. They entered the compound as planned, with “Razor 1″ disembarking its team of SEALs on the roof of the compound — not on the ground level. There was no crash landing. That wouldn’t occur until after bin Laden was dead.
Meanwhile, “Razor 2″ took up a hovering position so that its on-board snipers, some of whom had also participated in the sea rescue of Maersk Alabama captain Richard Phillips, had a clear view of anyone fleeing the compound.
The SEALs then dropped down from the roof, immediately penetrated the third floor, and hastily encountered bin Laden in his room. He was not standing still.
“He dived across the king-size bed to get at the AKSU rifle he kept by the headboard,” wrote Pfarrer in his book. It was at that moment, a mere 90 seconds after the SEALs first set foot on the roof, that two American bullets shattered bin Laden’s chest and head, killing a man who sought violence to the very end.
President Obama stepped up to a podium in the East Room of the White House that night to announce bin Laden’s death. That rapid announcement, explained Pfarrer, posed a major threat to U.S. national security.
“There was a choice that night,” Pfarrer told TheDC. “There was a choice to keep the mission secret.” America, Pfarrer explained, could have left things alone for “weeks or months … even though there was evidence left on the ground there … and use the intelligence and finish off al-Qaida.”
But Obama’s announcement, he said, “rendered moot all of the intelligence that was gathered from the nexus of al-Qaida. The computer drives, the hard drives, the videocasettes, the CDs, the thumb drives, everything. Before that could even be looked through, the political decision was made to take credit for the operation.”
And in the days that followed, as politicians sought to thrust their identities into the details of the bin Laden kill, the tale began to grow out of control, said Pfarrer.
“The president made a statement, and as far as that goes, that was fine, that was the mission statement,” he explained. “But, soon after … politicians began leaking information from every orifice. And it was like a game of Chinese telephone. These guys didn’t know what they were talking about. Very few of them had even seen the video feed.”
Pfarrer suggests that much of the misinformation was likely born out of operational ignorance, even among those sitting in the White House.
“One of the things that happened was that there were only a handful of people who know about this mission,” he said. “On the civilian side, there were only a handful of people in the situation room who were watching the drone feed. They were looking at the roof of a building taken from a rotating aircraft at 35,000 feet.”
“None of those guys, not a single one of them, had a background in special operations, with the exception of General Webb who was sitting there running a laptop,” Pfarrer went on. “No one knew or could even imagine what was going on inside the building. They didn’t know.”
“There was an alternative feed going to CIA headquarters where Leon Panetta sat there with the communications brevity codes [a guide sheet for the mission's radio lingo] in his lap and a SEAL off-screen by his side to be able to tell him what was going on,” he said. “But these guys, none of them, really knew what they were looking at.”
As the media raised more questions, officials gave more answers.
Whether or not bin Laden resisted ultimately developed into a barrage of murky official and unofficial explanations in the days following. And statements from as high as then-CIA Director Leon Panetta offered confirmation that the endeavor was a “kill mission.”
Pfarrer dismisses that assertion.
“An order to go in and murder someone in their house is not a lawful order,” explained Pfarrer, who maintains that bin Laden would have been captured had he surrendered. “Unlike the Germans in World War II, if you’re a petty officer, a chief petty officer, a naval officer, and you’re giving an order to murder somebody, that’s an unlawful order.”
Pfarrer also suggests some of the emerging claims were simply self-aggrandizing “fairy tales.”
“The story they tried to tell — it’s preposterous. And the CIA tried to jump in. About mid-June the CIA tried to jump into the car and drive the victory lap. There’s this whole stuff about the CIA guy joining the operation, the gallant interpreter — he couldn’t even fast rope!” exclaimed Pfarrer, referring to a technique for descending from an airborne helicopter.
“There’s this fairy tale about him walking out of the compound during the operation to tell crowds of Pakistanis to go home and everything’s OK.”
Pfarrer tried to put this in perspective: “Do you mean that during the middle of this military operation at night, with hovering helicopters over this odd house in this neighborhood, that people came out of their houses to ask what’s going on, instead of [remaining] huddled in their basement?”
“And I think that there were so many of these leaks that were incorrect, the administration couldn’t walk them all back,” Pfarrer explained. “And so, in the middle of May, they froze everything.”
It was that freeze-out that left Chuck Pfarrer with nowhere to turn for the real story but the SEALs themselves.
Seal Target Geronimo delivers an account of the night Osama bin Laden died with a level of detail unlike anything previously reported. Pfarrer bills the story as “absolutely factual.”
“That’s the other thing. I’m prepared for the White House to say, you know, ‘this is full of inaccuracies,’ et cetera,” offered Pfarrer. He told TheDC that in order to protect American interests, his book is “full of names that are made up, and it is full of bases that are not quite where they really should be.”
“But the timeline of my events,” he cautions, “and the manner in which it happened is 100 percent accurate. And they’ll know that.”
What the CIA is up to capturing data from all sources
Yahoo! News
http://m.yahoo.com/w/news_america/ap-exclusive-cia-following-twitter-facebook-081055316.html?orig_host_hdr=news.yahoo.com&.intl=us&.lang=en-us
McLEAN, Va. (AP) — In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets — up to 5 million a day.
At the agency's Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspapers, TV news channels, local radio stations, Internet chat rooms — anything overseas that anyone can access and contribute to openly.
From Arabic to Mandarin Chinese, from an angry tweet to a thoughtful blog, the analysts gather the information, often in native tongue. They cross-reference it with the local newspaper or a clandestinely intercepted phone conversation. From there, they build a picture sought by the highest levels at the White House, giving a real-time peek, for example, at the mood of a region after the Navy SEAL raid that killed Osama bin Laden or perhaps a prediction of which Mideast nation seems ripe for revolt.
Yes, they saw the uprising in Egypt coming; they just didn't know exactly when revolution might hit, said the center's director, Doug Naquin.
The center already had "predicted that social media in places like Egypt could be a game-changer and a threat to the regime," he said in a recent interview with The Associated Press at the center. CIA officials said it was the first such visit by a reporter the agency has ever granted.
The CIA facility was set up in response to a recommendation by the 9/11 Commission, with its first priority to focus on counterterrorism and counterproliferation. But its several hundred analysts — the actual number is classified — track a broad range, from Chinese Internet access to the mood on the street in Pakistan.
While most are based in Virginia, the analysts also are scattered throughout U.S. embassies worldwide to get a step closer to the pulse of their subjects.
The most successful analysts, Naquin said, are something like the heroine of the crime novel "The Girl With the Dragon Tattoo," a quirky, irreverent computer hacker who "knows how to find stuff other people don't know exists."
Those with a masters' degree in library science and multiple languages, especially those who grew up speaking another language, "make a powerful open source officer," Naquin said.
The center had started focusing on social media after watching the Twitter-sphere rock the Iranian regime during the Green Revolution of 2009, when thousands protested the results of the elections that put Iranian President Mahmoud Ahmadinejad back in power. "Farsi was the third largest presence in social media blogs at the time on the Web," Naquin said.
The center's analysis ends up in President Barack Obama's daily intelligence briefing in one form or another, almost every day.
After bin Laden was killed in Pakistan in May, the CIA followed Twitter to give the White House a snapshot of world public opinion.
Since tweets can't necessarily be pegged to a geographic location, the analysts broke down reaction by languages. The result: The majority of Urdu tweets, the language of Pakistan, and Chinese tweets, were negative. China is a close ally of Pakistan's. Pakistani officials protested the raid as an affront to their nation's sovereignty, a sore point that continues to complicate U.S.-Pakistani relations.
When the president gave his speech addressing Mideast issues a few weeks after the raid, the tweet response over the next 24 hours came in negative from Turkey, Egypt, Yemen, Algeria, the Persian Gulf and Israel, too, with speakers of Arabic and Turkic tweets charging that Obama favored Israel, and Hebrew tweets denouncing the speech as pro-Arab.
In the next few days, major news media came to the same conclusion, as did analysis by the covert side of U.S. intelligence based on intercepts and human intelligence gathered in the region.
The center is also in the process of comparing its social media results with the track record of polling organizations, trying to see which produces more accurate results, Naquin said.
"We do what we can to caveat that we may be getting an overrepresentation of the urban elite," said Naquin, acknowledging that only a small slice of the population in many areas they are monitoring has access to computers and Internet. But he points out that access to social media sites via cellphones is growing in areas like Africa, meaning a "wider portion of the population than you might expect is sounding off and holding forth than it might appear if you count the Internet hookups in a given country."
Sites like Facebook and Twitter also have become a key resource for following a fast-moving crisis such as the riots that raged across Bangkok in April and May of last year, the center's deputy director said. The Associated Press agreed not to identify him because he sometimes still works undercover in foreign countries.
As director, Naquin is identified publicly by the agency although the location of the center is kept secret to deter attacks, whether physical or electronic.
The deputy director was one of a skeleton crew of 20 U.S. government employees who kept the U.S. Embassy in Bangkok running throughout the rioting as protesters surged through the streets, swarming the embassy neighborhood and trapping U.S. diplomats and Thais alike in their homes.
The army moved in, and traditional media reporting slowed to a trickle as local reporters were either trapped or cowed by government forces.
"But within an hour, it was all surging out on Twitter and Facebook," the deputy director said. The CIA homed in on 12 to 15 users who tweeted situation reports and cellphone photos of demonstrations. The CIA staff cross-referenced the tweeters with the limited news reports to figure out who among them was providing reliable information. Tweeters also policed themselves, pointing out when someone else had filed an inaccurate account.
"That helped us narrow down to those dozen we could count on," he said.
Ultimately, some two-thirds of the reports coming out of the embassy being sent back to all branches of government in Washington came from the CIA's open source analysis throughout the crisis.
http://m.yahoo.com/w/news_america/ap-exclusive-cia-following-twitter-facebook-081055316.html?orig_host_hdr=news.yahoo.com&.intl=us&.lang=en-us
McLEAN, Va. (AP) — In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets — up to 5 million a day.
At the agency's Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspapers, TV news channels, local radio stations, Internet chat rooms — anything overseas that anyone can access and contribute to openly.
From Arabic to Mandarin Chinese, from an angry tweet to a thoughtful blog, the analysts gather the information, often in native tongue. They cross-reference it with the local newspaper or a clandestinely intercepted phone conversation. From there, they build a picture sought by the highest levels at the White House, giving a real-time peek, for example, at the mood of a region after the Navy SEAL raid that killed Osama bin Laden or perhaps a prediction of which Mideast nation seems ripe for revolt.
Yes, they saw the uprising in Egypt coming; they just didn't know exactly when revolution might hit, said the center's director, Doug Naquin.
The center already had "predicted that social media in places like Egypt could be a game-changer and a threat to the regime," he said in a recent interview with The Associated Press at the center. CIA officials said it was the first such visit by a reporter the agency has ever granted.
The CIA facility was set up in response to a recommendation by the 9/11 Commission, with its first priority to focus on counterterrorism and counterproliferation. But its several hundred analysts — the actual number is classified — track a broad range, from Chinese Internet access to the mood on the street in Pakistan.
While most are based in Virginia, the analysts also are scattered throughout U.S. embassies worldwide to get a step closer to the pulse of their subjects.
The most successful analysts, Naquin said, are something like the heroine of the crime novel "The Girl With the Dragon Tattoo," a quirky, irreverent computer hacker who "knows how to find stuff other people don't know exists."
Those with a masters' degree in library science and multiple languages, especially those who grew up speaking another language, "make a powerful open source officer," Naquin said.
The center had started focusing on social media after watching the Twitter-sphere rock the Iranian regime during the Green Revolution of 2009, when thousands protested the results of the elections that put Iranian President Mahmoud Ahmadinejad back in power. "Farsi was the third largest presence in social media blogs at the time on the Web," Naquin said.
The center's analysis ends up in President Barack Obama's daily intelligence briefing in one form or another, almost every day.
After bin Laden was killed in Pakistan in May, the CIA followed Twitter to give the White House a snapshot of world public opinion.
Since tweets can't necessarily be pegged to a geographic location, the analysts broke down reaction by languages. The result: The majority of Urdu tweets, the language of Pakistan, and Chinese tweets, were negative. China is a close ally of Pakistan's. Pakistani officials protested the raid as an affront to their nation's sovereignty, a sore point that continues to complicate U.S.-Pakistani relations.
When the president gave his speech addressing Mideast issues a few weeks after the raid, the tweet response over the next 24 hours came in negative from Turkey, Egypt, Yemen, Algeria, the Persian Gulf and Israel, too, with speakers of Arabic and Turkic tweets charging that Obama favored Israel, and Hebrew tweets denouncing the speech as pro-Arab.
In the next few days, major news media came to the same conclusion, as did analysis by the covert side of U.S. intelligence based on intercepts and human intelligence gathered in the region.
The center is also in the process of comparing its social media results with the track record of polling organizations, trying to see which produces more accurate results, Naquin said.
"We do what we can to caveat that we may be getting an overrepresentation of the urban elite," said Naquin, acknowledging that only a small slice of the population in many areas they are monitoring has access to computers and Internet. But he points out that access to social media sites via cellphones is growing in areas like Africa, meaning a "wider portion of the population than you might expect is sounding off and holding forth than it might appear if you count the Internet hookups in a given country."
Sites like Facebook and Twitter also have become a key resource for following a fast-moving crisis such as the riots that raged across Bangkok in April and May of last year, the center's deputy director said. The Associated Press agreed not to identify him because he sometimes still works undercover in foreign countries.
As director, Naquin is identified publicly by the agency although the location of the center is kept secret to deter attacks, whether physical or electronic.
The deputy director was one of a skeleton crew of 20 U.S. government employees who kept the U.S. Embassy in Bangkok running throughout the rioting as protesters surged through the streets, swarming the embassy neighborhood and trapping U.S. diplomats and Thais alike in their homes.
The army moved in, and traditional media reporting slowed to a trickle as local reporters were either trapped or cowed by government forces.
"But within an hour, it was all surging out on Twitter and Facebook," the deputy director said. The CIA homed in on 12 to 15 users who tweeted situation reports and cellphone photos of demonstrations. The CIA staff cross-referenced the tweeters with the limited news reports to figure out who among them was providing reliable information. Tweeters also policed themselves, pointing out when someone else had filed an inaccurate account.
"That helped us narrow down to those dozen we could count on," he said.
Ultimately, some two-thirds of the reports coming out of the embassy being sent back to all branches of government in Washington came from the CIA's open source analysis throughout the crisis.
Subscribe to:
Posts (Atom)