11/28 Feds.Secret $7.7 Trill. Bank Bailout; Egypt Flash; 'Enemy' Definition Change; 'Troops as Teachers'

"The amount of money the central bank parceled out...dwarfed the Treasury Department’s $700 billion TARP. Add up guarantees and lending limits, and the Fed committed $7.77 trillion as of March 2009 to rescuing the financial system"

Secret Fed Loans Helped Banks Net $13B
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... the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the FOIA and central bank records of more than 21,000 transactions.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion Dec. 5, 2008, their single neediest day. Bankers didn’t mention they took tens of billions of dollars in emergency loans as 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...Saved by the bailout, bankers lobbied against government regulations, made easier by the Fed, which never disclosed details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse...
The size of the bailout came to light after Bloomberg LP, parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks, Clearing House Association LLC, to force lending details into the open. Fed Chairman Ben S. Bernanke argued that revealing borrower details would create a stigma -- investors and counterparties would shun firms that used the central bank as lender of last resort -- and that needy institutions would be reluctant to borrow in the next crisis. Clearing House Association fought Bloomberg’s lawsuit up to the U.S. Supreme Court, which declined to hear the banks’ appeal in March 2011...
The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system....Bloomberg Markets magazine reports in its January issue.

Note how Bloomberg builds in excuses and plausible deniability: Fed head Bernanke trying to avert 'stigma'; Bloomberg, party to the covert op, suppressed info., now a 'whistleblower' that 'didn't know the size'...which even 'surprised' a big Fed.Reserve Bank prez .

MIA: Top overt bailout bosses. After the prez finishes tripping [USNATO global war expansion, demanding europe fix the 'credit crunch' that is 'delaying u.s. recovery'], in order to avoid a 'stigma' on even crueler 'austerity' measures to be 'secured' by an expanded police state - and on the brewing bailout plans - the state's public diplomacy 'community' will surely need to bring us us some implausible 'astonished- buck -stops -here' strategic information. Probably the $7.7. trillion is part of a secret 'jobs program' holiday gift.

Known Unknowns: Unconventional "Strategic Shocks" in Defense Strategy Development
U.S. Army War College, http://www.strategicstudiesinstitute.army.mil/Pubs/Display.Cfm?pubID=890
Brief Synopsis
The author provides the defense policy team a clear warning against excessive adherence to past defense and national security convention. Including the insights of a number of noted scholars on the subjects of “wild cards” and “strategic surprise,” he argues that future disruptive, unconventional shocks are inevitable. Through strategic impact and potential for disruption and violence, such shocks, in spite of their nonmilitary character, will demand the focused attention of defense leadership, as well as the decisive employment of defense capabilities in response. As a consequence, the author makes a solid case for continued commitment by the Department of Defense to prudent strategic hedging against their potential occurrence.

This Act may be cited as the ‘‘Enemy Belligerent Interrogation, Detention, and Prosecution Act of 2010’’
The McCain / Levin Bill
S. 1867 – National Defense Authorization Act for FY 2012 (Sen. Levin, D-MI
The Administration supports Senate passage of S. 1867, the National Defense Authorization Act for Fiscal Year (FY) 2012. The Administration appreciates the Senate Armed Services Committee's continued support of our national defense, including its support for both the base budget and for overseas contingency operations and for most of the Administration's initiatives to control spiraling health costs of the Department of Defense (DoD).
The Administration appreciates the support of the Committee for authorities that assist the ability of the warfighter to operate in unconventional and irregular warfare, authorities that are important to field commanders, such as the Commanders' Emergency Response Program, Global Train and Equip Authority, and other programs that provide commanders with the resources and flexibility to counter unconventional threats or support contingency or stability operations. The Administration looks forward to reviewing a classified annex and working with the Congress to address concerns on classified programs as the legislative process moves forward.
While there are many areas of agreement with the Committee, the Administration would have serious concerns with provisions that would: (1) constrain the ability of the Armed Forces to carry out their missions; (2) impede the Secretary of Defense's ability to make and implement decisions that eliminate unnecessary overhead or programs to ensure scarce resources are directed to the highest priorities for the warfighter; or (3) depart from the decisions reflected in the President's FY 2012 Budget Request. ...
Any bill that challenges or constrains the President's critical authorities to collect intelligence, incapacitate dangerous terrorists, and protect the Nation would prompt the President's senior advisers to recommend a veto. The Administration believes strongly that it would be a mistake for Congress to overrule or limit the tactical flexibility of our Nation's counterterrorism professionals.

Definition of Unprivileged Enemy Belligerents (Those Subject to a Military Commission)
• The main purpose of the MCA was to create a forum in which to try “alien unlawful enemy combatants” for violations of the law of war.13
• This bill changes that label to “unprivileged enemy belligerent,” defining this as an individual who: 1) has engaged in hostilities against the United States or its coalition partners; or 2) has purposefully and materially supported hostilities against the United States or its coalition partners.
Placement of Suspected Unprivileged Enemy Belligerents in Military Custody.

MILITARY CUSTODY REQUIREMENT―Whenever within the United States, its territories, and possessions, or outside the territorial limits of the United States, an individual is captured or otherwise comes into the custody or under the effective control of the United States who is suspected of engaging in hostilities against the United States or its coalition partners through an act of terrorism, or by other means in violation of the laws of war, or of purposely and materially supporting such hostilities, and who may be an unprivileged enemy belligerent, the individual shall be placed in military custody for purposes of initial interrogation and determination of status in accordance with the provisions of this Act.

S. 1867 – National Defense Authorization Act for FY 2012 (Sen. Levin, D-MI
Troops to Teachers Program:
The Administration urges the Senate's support for the transfer of the Troops to Teachers Program to DoD in FY 2012, as reflected in the President's Budget and DoD's legislative proposal to amend the Elementary and Secondary Education Act of 1965 and Title 10 of the U.S. Code in lieu of section 1048. The move to Defense will help ensure that this important program supporting members of the military as teachers is retained and provide better
oversight of program outcomes...

Any bill that challenges or constrains the President's critical authorities to collect intelligence, incapacitate dangerous terrorists, and protect the Nation would prompt the President's senior advisers to recommend a veto. The Administration believes strongly that it would be a mistake for Congress to overrule or limit the tactical flexibility of our Nation's counterterrorism professionals.

Teach-Now.org "Troops as Teachers; An effective pathway to teaching; Legislation: National Defense Authorization Act for Fiscal Year 20 .... United States Government Accountability Office. ..."


Libya leaders supported by "money, arms, PR": ex-premier
AP 11/25/11 http://af.reuters.com/article/worldNews/idAFTRE7AN1W820111124
...Outgoing acting Prime Minister Ali Tarhouni's comments were the strongest criticism to date by a senior politician of the country's new rulers,
"I see danger for the sovereignty of Libya. I see a threat for the wealth of the Libyan people...Tarhouni told reporters, without elaborating. Tarhouni said NTC had "failed miserably" in melding the myriad armed militias that still roam the country into an official national army..

"Tarhouni acted in the capacity of interim Prime Minister of Libya... was named to head both the oil and finance ministries of the National ..."

Tarhouni Criticizes Libya's new leaders as 'elite'
AP By Vanessa Gera photo Ali Tarhouni
Former Libya oil and finance minister Ali Tarhouni, a former instructor of economics and finance at the University of Washington, criticized the country's new leadership as an unrepresentative "elite" supported by outside powers.
Former oil and finance minister Ali Tarhouni criticized the country's new 'elite' leadership as unrepresentative and accused them of being "supported from the outside by money, arms and PR."...Earlier this week, Libya's NTC Chairman Mustafa Abdul-Jalil also indicated Qatar was meddling in Libyan affairs...."Some are thinking of imposing their will on the Libyan people...For me, the question of sovereignty is the most important. This revolution was for re-establishing dignity and sovereignty."...an apparent reference to Qatar.... that countries who backed the rebellion have interests in Libya, "some which we know and some which we don't know." Tarhouni did not object when it was suggested he was speaking about Qatar. The Gulf state was a leading Arab backer of the uprising that toppled Gadhafi, providing warplanes to the NATO-led air campaign and direct help to the revolutionaries, including weapons and other equipment. Tarhouni said he doesn't expect to return to academic life in the U.S. but plans to spend the coming months giving lectures and speaking to young Libyans about democracy and the creation of civic institutions....also preparing for the upcoming elections, without giving more details Material from Bloomberg News is included in this report.

"It's proof they are ready to run the nation": Tarhouni
Rebels rob Libyan bank
"Let me put this way: We robbed our own bank," said Ali Tarhouni, the U.S.-educated rebel finance minister, who ordered the March heist... Tarhouni, who until earlier this year was an economics lecturer at the University of Washington, Seattle,... said the bank heist serves as an illustration of the rebels' ingenuity, wherewithal and organizational skills. It's proof, he said, that they are ready to run the nation....

Libyan rebels to sell oil to Qatar
3/27/11 http://www.upstreamonline.com/live/article250029.ece
"We contacted the oil company of Qatar and thankfully they agreed to take all the oil we wish to export and market this oil for us. Our next shipment will be in less than a week." Reuters quoted Ali Tarhouni, the rebel official in charge of economic, financial and oil matters, telling reporters. State-owned Qatar Petroleum said it had no comment. Small, energy-rich Qatar became the first Arab nation to begin patrolling a UN backed no-fly zone on Friday and urged Gaddafi to quit to avoid more bloodshed..

Libyan government rejects rebel ceasefire
...Ali Tarhouni, finance and oil minister of Libyan opposition's National Transitional Council said the rebels would be able to buy more arms thanks to an oil deal they reached with the Arab nation Qatar to market oil currently in storage in rebel-controlled areas of southeastern Libya. Tarhouni said one sticking point is how to truck the oil out of the country...

"Libya is too important in the world system to have Western strategic priorities in Libya unfulfilled and U.S. businesses shut out."
Libya Is Too Big to Fail
International intervention is the right move - not just for humanitarian reasons.
Jason Pack, Libya researcher at Oxford University's St. Antony's College, worked in both Tripoli and Washington, D.C., on strengthening U.S.-Libya relations.
...Libya is not peripheral to the world system. It is at its very core. Libya possesses 1,800 kilometers of Mediterranean coastline. The country produces 2 percent of the world's oil, with 85 percent of exports going to Europe Since the beginning of the Great Recession and the slump in global demand in 2008, Libya has allocated $200 billion toward new infrastructure spending.
What makes Libya so important? Any real estate agent could tell you: location, location, location. Control of the country has always been a remarkably effective way to project power into Egypt, the Mediterranean, and beyond. Similarly, denying a hostile power (be it the Soviet Union, Muammar al-Gadhafi, or terrorists) the ability to destabilize surrounding countries from Libyan territory has been a consistent thread in U.S. policy since the end of World War II.