Jun 212012
 

David Myers was at the epicenter of one of the biggest corporate frauds in U.S. history. Now the former WorldCom Inc. controller is rebuilding his life a decade later with the help of the federal government.

Ways LLC, a company formed by Myers and Peter Koury, a health-care executive, received one of the 515 loan guarantees made by a U.S. Department of Agriculture rural development program under the 2009 federal economic-stimulus bill. The USDA guaranteed a $7.45 million loan from a Louisiana bank, allowing Myers and his partner to finance the purchase of a home health agency that provides care to 650 people in the Mississippi Delta, one of the poorest regions in the U.S.

Myers, 54, served nine months in prison for helping to falsify the telecommunications company’s books to meet earnings targets. The $11 billion accounting fraud wiped out more than 17,000 jobs and $184.6 billion in market value from WorldCom’s high on June 1999. Myers’s cooperation with prosecutors led to the guilty plea of Scott Sullivan, WorldCom’s former chief financial officer, who became the star government witness in the trial of Chief Executive Officer Bernie Ebbers. Ebbers was convicted in 2005.

“I understand what the costs of my actions were to me personally, to my family, to the people that invested in WorldCom,” Myers said in a June 5 interview at his office in Jackson, Mississippi. “I can never allow something like that to ever happen again.”

Highlights:

* Ex-Employee Outraged


* $1.6 Billion Loaned

* Taxpayer Dollars

* Weighs Factors

* ‘Grossly Wrong’

* ‘Sickest’ Patients

* ‘Multiple Felony’

* Honors Student

* ‘Crunch Time’

* Most Cooperation

* Private Equity

* ’Shut Down’

* Accelerated Process

Read detailed report…

Jun 212012
 

“We absolutely agree with the need to find out the truth about why Fast & Furious happened, why the tactic, again, was employed in the previous administration, in different operations and was stopped by this Attorney General, why it came about. And that’s why the Attorney General referred it to Inspector General. That is why we have provided Congress every document that pertains to the operation itself that is at issue here when you talk about the family that you referred to,” White House press secretary Jay Carney said at his briefing today.

“The Terry family,” Carney said after ABC’s Jake Tapper reminded him of the name.

h/t FOX Nation

Rush Limbaugh slams Jay Carney: Call Brian Terry’s family and tell them you stopped Fast & Furious:

Jun 212012
 

ISSA: Fast and Furious, Holder Contempt & Obama’s Executive Privilege

Jun 212012
 

by charliespiering

Talking Out BOTH Sides of his mouth

image: SodaHead

Jun 212012
 

Enforcement (ICE) Special Agent Jaime Zapata was shot and killed in the line of duty Feb. 15 2011 after he was attacked by unknown assailants while driving between Monterrey, Mexico, and Mexico City. (Credit: U.S. Immigration and Customs Enforcement )

CBS News has learned that the family of ICE Special Agent Jaime Zapata has filed a claim for wrongful death against the Justice Dept. and other federal agencies. Zapata was gunned down by suspected drug cartel members in Mexico in Feb. 2011 with weapons later linked to an ATF case in the Texas area. Joining the claim is Zapata’s surviving partner in the attack: Victor Avila.

In an interview last November, Zapata’s family told CBS News they feel that U.S. law enforcement could have stopped the sale of a gun used to kill their son. CBS News obtained law enforcement records that show the gun that killed Zapata came from the U.S., and the suspects who allegedly trafficked it had been under law enforcement’s watch for months in Dallas but weren’t arrested.

In February, CBS News learned a second weapon used in the Zapata attack was also linked to an ongoing case under the Bureau of Alcohol, Tobacco and Firearms.

The Justice Department has said ATF “was not aware of” the suspect’s purchase of the gun that killed Zapata when it happened, and that answering further questions would jeopardize the investigation.

CBS

Jun 212012
 

Photo: DoD

One of the US Army’s rising stars stands accused of obstructing an inquiry into widespread corruption and mismanagement of the Afghan forces he mentored. And if the charges are accurate, they could end the career of one of the military’s top officers.

Lt. Gen. William Caldwell IV, until last year the US officer in charge of training Afghan security forces, allegedly blocked a Defense Department inspector general investigation into a pattern of misconduct exhibited by the Afghan National Army’s medical division. Aided by his senior staff, Caldwell prevented that inquiry to spare his command embarrassment ahead of US national elections.

“How could we think to invite the DOD IG [the Pentagon inspector general] in during an election cycle?” Caldwell allegedly upbraided subordinate officers who favored an outside inquiry in fall 2010. Caldwell, supposedly in an “emotional” state, yelled, “You should know better!”

The accusations are laid out in a letter sent to Defense Secretary Leon Panetta by Rep. Jason Chaffetz (.pdf), who calls the incident an apparent “cover up.” The Wall Street Journal first reported the letter’s contents.

President Obama “calls me Bill,” Caldwell allegedly bragged, according to the letter. The general supposedly didn’t want to spoil that first-name relationship with a messy inquiry into corruption and wrongdoing at Afghan hospitals.

Since then, Caldwell has assumed command of US Army North in Texas, following a series of plum assignments. The son of a prominent Army general himself, his career trajectory has resembled that of another prestigious, esteemed general — David Petraeus. Caldwell commanded an airborne division at war (the 82nd; Petraeus ran the 101st); then took a senior appointment to Iraq as chief spokesman there; ran the Army’s big-think Combined Arms Center at Fort Leavenworth (as Petraeus did before him); and then took a crucial job in Afghanistan running the training of Afghan forces (eventually under the command of Petraeus, who did the same job in Iraq). With a massive budget, Caldwell’s training efforts were considered the key to extricating the US military from combat in Afghanistan, a critical objective for Obama. Caldwell once told confidantes he considered himself fit to run the entire Afghanistan war.

~ Important Snippet:

Caldwell has previously faced accusations that he manipulated politicians and public opinion to make his command look better. The specifics of those allegations turned out to be less than met the eye — and Danger Room defended the general at time. But that doesn’t necessarily mean Caldwell was squeaky clean. If what Geller is saying is true, then some of the corruption of the Afghan army medical corps rubbed off on Caldwell. It could well make him unfit for command.

Generals have seen their careers ended for much, much less.

Caldwell is entitled to the same presumption of innocence as any American citizen, and the accusations against him are not proof. (He did not respond to requests to comment for this article.) Chaffetz is seeking a deeper Pentagon investigation of Caldwell, and demanding that Panetta dig into this “apparent atempt by senior U.S. military officials to delay the exposure of — or cover up — these atrocities for political reasons.” At the Pentagon on Tuesday, spokesman George Little told Danger Room he was “unaware” that the accusations against Caldwell “were known prior to his most recent assignment.” He didn’t specify how this might impact Caldwell’s until-now skyrocketing career.

Click image to continue…

The U.S. army reportedly deployed a specialized “psychological operations” team to help convince American legislators to boost funding and troop numbers for the war in Afghanistan.

Lt. Gen. William Caldwell, a three-star general in charge of training Afghan troops, ordered the operation, Rolling Stone Magazine reported in a story published late on Wednesday.

An officer in charge of the unit objected when he was ordered to pressure the visiting senators and was harshly reprimanded by superiors, according to the magazine.

Soon, though, Caldwell ordered the unit to gather profiles of visiting dignitaries, including their likes and dislikes and “hot-button issues,” the magazine reported.

Feb 24, 2011:

“How do we get these guys to give us more people?” Caldwell asked, according to the magazine. “What do I have to plant inside their heads?”

U.S. law bars the military from using psy-ops on Americans, and every defense authorization bill explicitly prohibits the manipulation, the magazine reported.

Jun 212012
 


Lou Dobbs Tonight:Is the Investigation Into ‘Fast & Furious’ Political?


and on CNN: GOWDY: Executive Privledge – “It Can’t Cover Your Entire Administration”

Rep. Gowdy discusses the House Committee on Oversight and Reform’s vote to hold Attorney General Eric Holder in Contempt of Congress for his antics concerning Operation Fast and Furious. Next week the full house will vote:

Jun 212012
 

Israel and the United States collaborated in the development of the powerful computer virus dubbed the “Flame,” which briefly affected Iran’s key oil industry, an official with knowledge of the effort said.

Background: Flame virus ‘much bigger than Stuxnet’


Read report

Also See:

Powerful ‘Flame’ cyberweapon tied to popular Angry Birds game By Catherine Herridge

White House adviser rebuffs questions on leak probe

White House leaks probe

featured image:Researchers at Kaspersky Labs shows the code behind Flame, called “the most sophisticated cyber weapon yet unleashed.”

Jun 212012
 

Rep. Michael McCaul (R-TX), Chairman of the Subcommittee on Oversight, Investigations, and Management questions Gov. Fortuño of Puerto Rico at a hearing entitled: “U.S.-Caribbean Border: Open Road for Drug Traffickers and Terrorists.”

Subcmte Chairman McCaul Questions 2nd Panel at Hearing:

Written testimony of the U.S. Customs and Border Protection, U.S. Coast Guard, and U.S. Immigration and Customs Enforcement for a House Committee on Homeland Security Subcommittee on Oversight, Investigations, and Management hearing titled “U.S.-Caribbean Border: Open Road for Drug Traffickers and Terrorists”

Read Here…

Jun 212012
 

Thanks to Jay who uploaded this video!

by Hugh Hewitt

The decision by the president to invoke executive privilege yesterday is of a piece with everything that has marked his tenure. As I said on Sean Hannity’s program last night, the Administration discloses that which should be kept secret and keeps secret that which should be disclosed.

The sequence of increasing abuse of the powers of the presidency is laid out in Chapter 22 of The Brief Against Obama: The Rise, Fall and Epic Fail of the Hope and Change Presidency, but that chapter is going to be much longer in the next edition. The chapter on “Fast & Furious” will also require quite a lot of addition, as the scandal is now certain to define the president is a way that he had thus far more-or-less successfully avoided. No longer.

Hewitt Blog

Also See: An imperial presidency, on steroids

featured image: stevebussey.com