The journey from there to here

OK, it's been quite awhile since the whole flap about the New York Time's "outing" of the NSA's oversight of banking transactions in America. While I don't think the Times acted responsibly, I am still puzzled as to why there's a story there.

See, I know (as does every red blooded American who uses banks) that banking oversight has increased greatly since 9/11. In fact, there's a sign on the wall of our credit union stating the government's need to have information such as our social security number, etc, for us to even establish an account there. It really doesn't take a heck of a lot of grey matter upstairs to deduce why the government would want this information in the first place. To track banking transactions (DUH!)

And even that presumes that tracking banking transactions is a NEW thing. I hate to break it to you, folks, but the vast majority of readers of this article (if not all) have lived in a time when their banking transactions were monitored. Grampa knew this. That's one of the reasons he kept the money he made from selling his tractor stuffed in the mattress instead of the First National Bank. That's one of the reasons he dealt in cash with every merchant with whom it was practical. And that's one of the reasons people like me, who've grown up knowing this, have done the same. It's not a paranoia, per se. Frankly, I think for an organization with access to so much information, the government USUALLY acts responsibly. While I AM worried about those exceptions, however rare, I rest pretty well assured that, unless I give them good reason, I'm not likely to be one of those exceptions. They've got too much legitimate criminal activity at the federal level to really worry that much about me.

The New York Times' reminder of the federal government's oversight of banking transactions may have certainly been ill timed. And it was almost definitely ill advised. But it wasn't NEWS, by any stretch of the imagination.


Comments
on Jul 12, 2006

We Know about DOMESTIC tracking.  The story was about INternational tracking, which the US cannot do as a matter of course.  Only with subpoenas which it did get.

It may have been a 'duh' for the terrorist.  But then America Breaking the Japanese code should have been a 'duh' to them after Midway, yet they did not change it until after Yamoto got taken out.

Sometimes the obvious escapes the intended.  And telling them the obvious makes sure it does not.

on Jul 12, 2006
I read a really good article titled The State Secrets That Weren't Secret by Joe Conason about this last week.

Here are some excerpts;

Ever since the appearance of the Times report on the SWIFT consortium's cooperation with US counter-terror agencies, right-wing commentators have been screaming about the alleged damage done to our national security interests. The president has joined this angry chorus, but neither he nor anyone else has mentioned anything specific -- almost certainly because there was no damage.

The SWIFT system is an international banking cooperative, based in Belgium and overseen by the central bankers of the 10 largest industrial countries. Ever since 9/11, the governors of those banks and the SWIFT directors, along with nearly every financial institution in the developed world, have publicly committed their resources to prevent, trace and report money laundering by suspected terror organizations.

On June 23, the SWIFT chairman, deputy chairman and CEO reiterated that policy in a public statement posted on the cooperative's Web site. "As you may know from the User Handbook and swift.com," said the statement, which was addressed to the cooperative members, "SWIFT has a longstanding history, beginning in the 1990s, of cooperating with authorities such as central banks, treasury departments, law enforcement agencies and international organisations such as the Financial Action Task Force (FATF) in their efforts to prevent misuse of the financial system. Our members support this policy." Indeed the SWIFT Web site has long featured a page explaining its policy of cooperation with international efforts to frustrate money laundering and terrorism.

American intelligence and law enforcement access to SWIFT's database was not secret in any meaningful sense, having been disclosed more than three years ago. In a report dated December 2002, a special U.N. Monitoring Group, created by the Security Council to combat terrorism after 9/11, mentioned the importance of SWIFT and other international financial organizations. Among the experts who signed that report was Victor Comras, a former State Department official. Still available in PDF form at the U.N. Web site here, the report noted in Paragraph 31:

"The settlement of international transactions is usually handled through correspondent banking relationships or large-value message and payment systems, such as the SWIFT, Fedwire or CHIPS systems in the United States of America. Such international clearance centres are critical to processing international banking transactions and are rich with payment information. The United States has begun to apply new monitoring techniques to spot and verify suspicious transactions. The Group recommends the adoption of similar mechanisms by other countries."

Anyone who bothered to read the U.N. report on international counter-terror efforts knew that American officials were using SWIFT data. Anyone who consulted the SWIFT Web site knew that the organization's official position, overseen by the Group of Ten central bankers, was to provide complete cooperation against terror and money laundering.


Link
on Jul 12, 2006
Thanks, Davad.

This just brings up one question - Why would the NYT run an article (not a news article, even) about something that's been publicly available for over 3.5 years? And spread it like it's something new? Are we supposed to believe that this is new tactics?

From my POV, it makes perfect sense to use it. As matter of fact, I'd be out crowing about it. It's an excellent example of international cooperation in the fight against terrorism and terrorist organizations.
on Jul 12, 2006
You raise an excellent point here:
The New York Times' reminder of the federal government's oversight of banking transactions may have certainly been ill timed. And it was almost definitely ill advised. But it wasn't NEWS, by any stretch of the imagination.


Which only the New York Times editorial staff/publishers could answer. To me the answer is that it was about the Times *making* news, or attempting to make news, rather than reporting it. Again though, they may claim different, and could even be doing so honestly I suppose, though I doubt that.

As always with the Times, I suspect it was all about taking whatever opportunity to discredit the Bush administration that they could and running with it. They are like the local loon here (the Clueless One, or should I say more appropriately that he is like them?) in that no matter what Bush does it has to be wrong, and no matter how badly they are exposed as having not even a hint of a clue about what is really going on it doesn't stop their constant attempts at mud-slinging. They only care that they can get just a little more to stick so they can continue to bring down the approval ratings so that eventually they can claim to be correct in at least one of their statements: that Bush's approval ratings are going down. All the rest failed along the way, and continue to fail, but it never ever leads to an actual apology or acknowledgement that they were wrong.
on Jul 12, 2006

me the answer is that it was about the Times *making* news, or attempting to make news, rather than reporting it

Exactly.  It has nothing to do with reporting News.  They are like a canary for the Terrorist.  just in case the Terrorist dont know, they have to chirp up and say "Dont forget this!".