It appears that trillions in taxpayer bailouts simply wasn’t enough for Wall Street. Noting that is can seemingly get whatever it wants whenever it wants, the industry is now positioning itself to overly 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.Ah, Michael Chertoff again. One of the most shameless government cronies out there. His relentless desire to profit from the “war on terror”
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.