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Late Night: Fatster’s Roundup

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International Developments

? “UN [Special Rapporteur on Human Rights and Counter-Terrorism] says US drones violate Pakistan’s sovereignty

US drones over the Persian Gulf now have military plane escorts.

? “U.S. exempts Syria’s opposition forces from sanctions”.

? “US ‘to boost missile defences’, to counter North Korea”.  44 interceptors on the West Coast.

? “Egypt’s old regime depended on . . .  an uneasy partnership between the military . . ., the security services . . . , and the political establishment.  The uprising in January 2011 disrupted this delicate balance . . . and it isn’t yet clear who is the winner.” Recent political goings-on underscore that lack of clarity.

? “US Cyber Command Admits Offensive Cyberwarfare Capabilities, Fundamental Shift in US Doctrine”. General Keith Alexander said the new team “is not a defensive team.  This is an offensive team”.

? “North Korea says US ‘behind hack attack’” on its internet servers.

Matthew Fox, ex-Catholic priest, respected church historian “discusses the Vatican’s work with the CIA and it’s alliance with far right political forces and Pope Francis’ position on liberation theology in Latin America. Update:  “Vatican Lashes Out At ‘Defamatory’ and ‘Anti-Clerical Left-Wing’ Forces”

? “[A]llegations that [Pope Francis] and the Roman Catholic Church were guilty of the sin of omission–and perhaps worse–during the brutal military dictatorship from 1976 to 1983?, during the “dirty war”.  More:  Bergoglio’s testimony during a closed hearing in 2010.

International Finance

Inside the EU meeting in Brussels,  Mario Monti, exiting prime minister of Italy, said “public support for the reforms, and worse, for the European Union is dramatically declining.”  Outside, the people were speaking–en masse–in demonstrations and protests.

? Another Austerity perk:  “The UK tax authority is to close all of its 281 Enquiry Centres which gave face-to-face help to 2.5 million people with tax queries last year”.  Oh, they’ll still be able to dial for help and there’s something about “home visits”, too, but  . . .

Money Matters USA

? According to the Senate Permanent Subcommittee on Investigations, JPMorgan Chase “piled on risk, ignored limits on risk-taking, dodged oversight and misinformed the public.”  The Subcommittee is  focusing on London Whale gambling activities.

Jamie Dimon ok’d the increased risks JPMorgan took that resulted in the “$6.2 Billion Fiasco”.  It’s in an e-mail released in the Subcommittee report.

? “Ina Drew, the former JPMorgan chief investment officer, broke her public silence [before the Senate Permanent Subcommittee on Investigations] on the Wall Street bank’s $6bn ‘London whale’ trading loss on Friday, blaming it on two underlings”. [cont’d.]

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.