Wall Street Joins U.S. Intelligence Cronies To Form Fascist "Cyber War Council"

Tyler Durden's picture

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

Want to hear the worst idea in the history of horrible ideas? How about we take the industry responsible for destroying the U.S. economy and wrecking the lives of tens of millions of people, and then allow it to create a “government-industry cyber war council.”

It appears that trillions in taxpayer bailouts simply wasn’t enough for Wall Street. Noting that it can seemingly get whatever it wants whenever it wants, the industry is now positioning itself to overtly control U.S. “cyber” policy. What could go wrong?

The man behind the push appears to be ex-NSA chief Keith Alexander, who as I reported on last month, is now: Pimping Advice to Wall Street Banks for $1 Million a Month. As I mentioned in that post, one of Mr. Alexander’s most high profile clients is Wall Street’s largest lobbying group the Securities Industry and Financial Markets Association (SIFMA). Unsurprisingly, SIFMA is behind the latest push to formally merge Wall Street with the government intelligence apparatus. Mr. Alexander isn’t wasting any time.

Bloomberg reports that:

Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document.


The proposal by the Securities Industry and Financial Markets Association, known as Sifma, calls for a committee of executives and deputy-level representatives from at least eight U.S. agencies including the Treasury Department, the National Security Agency and the Department of Homeland Security, all led by a senior White House official.


More centralization. This is the exact opposite of what we want or need. The establishment is very worried about the trend toward decentralization, and making its move on many fronts.


The trade association also reveals in the document that Sifma has retained former NSA director Keith Alexander to “facilitate” the joint effort with the government. Alexander, in turn, has brought in Michael Chertoff, the former U.S. Secretary of Homeland Security, and his firm, Chertoff Group.

Ah, Michael Chertoff again. One of the most shameless government cronies out there. His relentless desire to profit from the “war on terror” is one of the main reasons we have installed those useless naked body scanners at airports across the country. Recall I covered this in my post, License Plate Readers Stir Controversy in California as the NYPD Prepares to Use Drones, in which I noted:

Forrmer head of the Department of Homeland Security (DHS), Michael Chertoff, has a private security company called the Chertoff Group, which stands to make lots of money from fear mongering the public about terrorism. As the Huffington Post reported in 2010:

Chertoff’s clients have prospered in the last two years, largely through lucrative government contracts, and The Chertoff Group’s assistance in navigating the complex federal procurement bureaucracy is in high demand. One example involves the company at the heart of the recent uproar over intrusive airport security procedures – Rapiscan, which makes the so-called body scanners. Back in 2005, Chertoff was promoting the technology and Homeland Security placed the government’s first order, buying five Rapiscan scanners.

Moving back to today’s Bloomberg article…

Alexander had been pitching Sifma and other bank trade associations to purchase his services through his new consulting firm, IronNet Cybersecurity Inc., for as much as $1 million per month, according to two people briefed on the talks.


He has made much the same argument to Sifma as the association is now making to the government about the emergence of new kinds of software assaults. For several months beginning in fall 2012, major U.S. bank websites were hit by what is known as distributed denial-of-service attacks, in which hackers flood systems with information to shut them down.


The government-industry group would develop plans for “much quicker, near real-time” dissemination of information from agencies to the private sector and ways to “actively defend the industry” if preparations for a cyber attack are discovered in advance. Sifma is also seeking “pre-discussed and mutually understood protocols” for the industry to request government help during and after an attack.

Merging of private business and government. Fascism.

Representative Alan Grayson, a Florida Democrat, said today he was concerned that industry members in such a joint group could improperly get involved in pre-emptive strikes against a person or state planning an assault on the U.S.


Or they could get involved in strikes against U.S. citizens they find undesirable or problematic.


“This could in effect make the banks part of what would begin to look like a war council,” Grayson said in an e-mail. “Congress needs to keep an eye on what something like this could mean.”


The Senate Intelligence Committee plans today to take up a bipartisan bill — sponsored by Senators Dianne Feinstein, a California Democrat, and Saxby Chambliss, a Georgia Republican - – aimed at improving private-sector cyber-defenses. The bill includes rules that would insulate banks from liability arising from sharing information for cybersecurity, addressing a point financial institutions have raised in the past.

Naturally, Dianne Feinstein, one of Congress’ most dangerous and authoritarian members is behind this travesty.

As I said in the beginning, this is one of the worst ideas of all-time. Two of the most powerful, out of control and corrupt segments of American society, Wall Street and the intelligence community, want to formally merge in order to better protect their power structure in a “public-private partnership.” As I noted on twitter the other day:

Although these partnerships are always a concern, this particular partnership is as dangerous as you get.

Full article here.

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The Most Interesting Frog in the World's picture

PP Partnerships... Communist crony taxpayer raping about to occur...

CH1's picture

Gimme an F! Gimme an A! Gimme an S! Gimme an C! Gimme an I! Gimme an S! Gimme an M!

What's that spell?

Can I get a Mussolini quote please?

Hugh G Rection's picture

Speaking of Intelligence fiascos... this was just leaked from Netanyahu's bunker.  Shit is getting real.

TahoeBilly2012's picture

Public/Zionist partnership. Is there anything else?

Anusocracy's picture

It's past the time to find another place to live.

Better than staying here and continue playing the role of the abused housewife.

TahoeBilly2012's picture

Plenty of people don't mind the abuse as long as the media explains all this as some form of "progressivism" then it's all okay. Someone in your family went to college and can explain to you why exactly the Government needs more control over your life. It's progress.  

LetThemEatRand's picture

So do you attribute the war and "protect me from terr'ists so I can eat more hotdogs on the 4th and gas up my truck for cheap" culture to Progressives also?  If you define the problem by Progressive versus Conservative, you are part of the problem.

Skateboarder's picture

Read the following sentence:

Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances

The future is written in plain sight (or at least the scapegoats are). What a nice segue into Internet controls.

One day, the last futures contract in our current system will start the snowball effect, and there will be deus ex machina 'terrizz attaxxx' that'll sho'nuf wipe everyone's bank accounts. It's the only way out of this thing.

Trogdor's picture

You got that right.  Chertoff is an Israeli and a Zionist.  Feinstein is a Zionist.  Alexander is a Zionist.  Seems whenever you look at who's pushing evil ideas, there they are....

LetThemEatRand's picture

Sociopath is the word you're looking for.  Many Zionists are sociopaths, and like all sociopaths they use very effective tool to accomplish their ends.  Hitler used Christianity, as did the Pope along with King Ferdinand II during the Spanish Inquisition.  Modern Zionists use Judaism.  Modern Muslim Kings use Islam, as in Saudi Arabia.  Keep in mind that many Christians see a war in Isreal as a sign of the second coming of Jesus and they support Zionists for that reason.  And many hardcore Muslims want a holy war also.  The tool is religion.  The end game is world domination.  Note that sociopath leaders of Jews and Muslims and Christians all seem to get along just fine when it suits their goal. 

P.S.  Perhaps sociopaths are the evil that is written about in so many Holy books.  Evil is real.  You don't need to believe in a guy in the sky to believe that where there is light, there is also darkness on the other side.  

Skateboarder's picture

Enjoy a completely unknown heavy metal classic from a band you never heard of.


"Your nightmares come alive, not to haunt but just to kill.
The evil, they must die - they know too much to live.
Lies, sin, dissipates. Man destroys, only God creates.
It's human nature's fault - the never ending battle for the

- "Never Ending Battle" by Salem's Wych

The Proletariat's picture

If you like Salem's Wych, then you need to check out this channel....Rare and Obscure Metal Archives


Metal On  \m/

optimator's picture

I don't think thats Bibi, Bibi doesn't have that much hair.

junction's picture

That is Gerald Celente's line. 

JoJoJo's picture

Heres your Mussolini quote "Facism could be called corporatism" Thanks to Corporate Fascist Google for that one

palmereldritch's picture

Infiltrate Subvert Implode Subjugate

post turtle saver's picture

agree, all of this is a bad idea... corporate personhood is, too... couple with corporate personhood religious rights and you end up with religious fascism... the USSC should be taken out back and horsewhipped for that bullshit

Memedada's picture

Argh, not again! It seems futile to attempt to debate anything evolving ideologies and paradigms on Zerohedge. Too many contributors have no idea of the meaning of terms like socialism, communism, anarchism, liberalism, libertarianism, fascism

In this article the author gets it right (the merging of corporate and state power = FASCISM). But – surprise – some miseducated Zerohedge-reader throws in the boogeyman: COMMUNISM. Tell me: what’s communist about anything mentioned in the above article?

I know: it seems futile, but we need to get the terms right – if we want any kind of informed debate…


The Most Interesting Frog in the World's picture

I would agree with you but you are incorrect.

swmnguy's picture

Frog:  Crony Capitalism and the merger of State power with Corporate wealth is not Communism.  It's Fascism. I realize for some weird reason Americans give a neutral response to the word "Fascism" and a nearly reflexive negative reaction to the word "Communism."  So if one wants to express disapproval, one applies the word "Communist."  But that doesn't change what the words do and don't mean.  Just because Hitler called his party "National Socialist" that didn't mean Nazis were "Socialists," any more than the USA PATRIOT Act was enacted by true patriots.  We're old enough to understand all this, right?

So there is indeed some crony taxpayer raping about to occur.  It just ain't "Communist." This isn't hair-splitting, either.  The perpetrators of this farce have gone to elaborate lengths to get us to call these things by the wrong names.  There's a reason for that.

The Most Interesting Frog in the World's picture

By definition Fascism has a strong degree of Nationalism, Communism has no such nationalism at its core. Globalism, not Nationalism, has been the major trend over multiple decades and there is no shortage of politicians and corporate executives willing to sell out their country to the lowest bidder in the global plantation. I believe strongly that globalism is going to take a major hit as the economy and markets fall apart again. More Nationalistic messages will begin to win the day as the US and other countries turn inward. It is at that point that Fascism would be a risk as former communist cronies attempt to continue their craft.

assistedliving's picture

said many times and say it again.  Until the frontrunning squid/HFT's realizes someone can front run them

and RECORD IT, NSA runs amok.  now it gets interesting.  next we'll see anyone on the Cyber (make)War (on us) Council

is indemnified

Stockmonger's picture

BitCoin is for terrorists, bitches.

TahoeBilly2012's picture

Everyone but Zionist overlords are terrrorists. Diane Fienstein is a civil servant, you are a terrorist. But send some of your little bastard terrorist kids to the military to become  the next cannon fodder, in a war based on lies. Then you kid will be a terrorist when he/she comes home if he/she complains about anything. Diane will just celebrate by awarding her husand some fat new Public/Zionist partnership contracts.

AccreditedEYE's picture

Gotta be a record number of story posts tonight... What gives?
(For the record, not a Feinstein fan even 1 bit)

kchrisc's picture

They should called it the "Thieves and Treason Council."


"I'm starting a Guillotine Council." And I won't require a fee.

Incubus's picture

I am starting the Council for Community Restoration.


Membership requires you bring your own pitchfork, rope, axe, or machete.



WillyGroper's picture

"The government-industry group would develop plans for “much quicker, near real-time” dissemination of information from agencies to the private sector and ways to “actively defend the industry” 

Just like Boston & the WTC.

WTF, All those SOB's need to be buggard like Qaddafi.

optimator's picture

Cherkoff isn't happy with NSA sending everything they get to Israel, so all he has to do is put his little fact finding group on the list.

TahoeBilly2012's picture

The brains are all Israeli's, the rest are pussies. Next question.

Trogdor's picture

Yes ... and isn't it strange that an Israeli was the head of Homeland Security ... hmmmm

TheAnswerIs42's picture

They are doing this because they are worried shitless that someone , somewhere has been able to break in and is prepared to wreak havoc.

They are clueless and would not even know if they have been compromised.

The whole thing could be brought down at the click of a mouse.

Or manipulated out the ass (more likely).

There is more cyber fear because there are more cyber threats.

I get more than a few updates a month from a "fusion" center to block nasty IP addresses.

Lately, these are all in Eastern Europe, Latvia, Ukraine, Ru, etc. Not too much from China.

Although I do see a lot of Chinese originated hack attempts.

The physical location has nothing to do with the actual perps.

In a cyber war, nothing is real.



UselessEater's picture

J Rickards  discusses cyber warfare and financial warfare attacks in his new book, of course he lays the threat at the feet of Iran, China etc stating "officials at the US Treasury & Federal Reserve routinely pour cold water on the threat analysis....This view reflects a dangerous official naivete."p60-61. Cough.

B.S. this is a line being pushed IMO for a false flag / set up.

Noting govt department IT systems etc. are MIC controlled (Catherine Austin Fitts comments on this from her time as Assist HUD Sec and it also appears to be the case in Aust from what I've heard).... cyber warfare is likely to come from closer to home.





tvdog's picture

Wall Street ("We got your money, bitchez!), NSA ("We know about your extramarital affairs!"), and the Department of Homeland Security ("We got a hollow-point bullet with your name on it!") all working together for the good of the country ...

Chertoff, incidentally, was also the guy who ordered the release of the dancing Israelis from 9/11.


The too-BIG-to-fail banks and the Military Industrial Complex are symbiotically attached to one another anyways. Smedley Butler revealed the symbiosis to the USA Congress eons ago. Both groups have everything to lose and everyone knows it now. If an alliance between the two makes the delusional ruling kleptocrats sleep better at night that is

all they will get. Clearly, when the banks finally fail so too will the alliance between the MIC and Wall Street. Eventually, the MIC will abandon them as they have abandoned their fellow American citizens in the history of the USA. The MIC was the ultimate downfall of the American Empire IMHO.

Wahooo's picture

Now they have the MIFC - military, industrial, financial complex. Pretty tidy. They won't allow the banks to crash - that's today's army. Be all you can be!

3rd Pig's picture


This is not about making money anymore – this is about having a job to do for the Nazis – so you don’t get murdered in the camps

TeethVillage88s's picture

Check page 35 of both TICData reports (2002 & 2013) for Belgium, Cayman Islands, and Luxemburg. LT US Treasuries go from $10 Billion to $366 Billion. (partly due to safe haven effect, but also due to Financial System on Steroids) Or just take a look below to refresh your memory.

Interesting of the $26 Trillion in Foreign Owned US Assets put out by BEA.GOV on IIP Data, looks like about half is accounted for in the 2013 Data Report as Equities, LT Corporate Debt, LT Agency Debt, LT Treasuries. Which leaves me to conclude foreign owned US Real Estate must be about $12-14 Trillion (page 30). But I am not an Economist or Financial guy. Maybe Europeans are also buying US Real Estate.


Last Data is from April 2014.

Belgium 2002 = $10.8 B, then 2013 = $163 B, Today $366 B
Cayman Islands 2002 = $10.7 B, then 2013 = $66 B, Today ??
Canada 2002 = $8.4 B, then 2013 = $46.6 B, Today $60.5 B
China 2002 = $95 B, then 2013 = $1,272 B, Today $1263 B
Hong Kong 2002 = $37 B, then 2013 = $89 B, Today $155 B
Ireland 2002 = $6 B, then 2013 = $91 B, Today $112 B
Japan 2002 = $260 B, then 2013 = $1,023 B, Today $1210 B
Luxemburg 2002 = $20.2 B, then 2013 = $107 B, Today $141 B
Philippines 2002 = $3 B, then 2013 = $36 B, Today $34 B
Poland 2002 = $7 B, then 2013 = $31 B, Today $30 B
Russia 2002 = $3 B, then 2013 = $138 B, Today $116 B
Switzerland 2002 = $28 B, then 2013 = $157 B, Today $178 B
Taiwan 2002 = $0 B, then 2013 = $183 B, Today $175 B
United Kingdom = $45.7 B, then 2013 = $130.6 B, Today $186 B

MaxThrust's picture

What could go wrong


I think this statement should read, 

What more evil can they do that they have not done already?

alexcojones's picture

There is a reason Congress has 7% approval.

And the Manchurian Kenyan is hated.

Not solely one reasons but scores, hundreds of reasons.

ebworthen's picture

"Stave off terrorist attacks..."

O.K., end the FED, financialization, derivatives, swaps, and Investment Banks.

20% down on a loan that is held for life by the loaning institution.

Currency backed by Gold and Silver.

It would end their party though.

And hegemony.

RaceToTheBottom's picture

100% backed by gold and Silver

kowalli's picture

Hooray gestapo...

UselessEater's picture


Do these guys think they are funny, because I read it as Rape-Scan.

palmereldritch's picture

 Please, everyone raise your arms and praise the All-Seeing Eye!

[see creepy graphic in photo accompanying article]