U.S. Government

Facebook might be selling you out to the government.

With the help of the University of California Berkeley's Samuelson Clinic, the Electronic Frontier Foundation (EFF) filed a Freedom of Information Act (FOIA) request for documents from the government about how they monitor and use social networking sites like Facebook, MySpace, Twitter and LinkedIn to gather information for investigations. The EFF struck gold with this request, as both the IRS and the Department of Justice released training presentations on social networking sites. While this may seem benign, the training material from the DOJ suggests that feds go undercover on sites such as Facebook to gather information on crime.

The DOJ slide show presentation (pdf) also discusses how cooperative these social networking sites are in complying with requests for private data. For example, Facebook, a highly popular social networking site, was described as "often cooperative with emergency requests," while Twitter was less cooperative because they refused to preserve data without legal process.

In April, 2009, former vice president Dick Cheney called for the Central Intelligence Agency (CIA) to release classified memos he said demonstrated how well "harsh interrogation methods" -- torture -- worked to prevent terrorist attacks and save lives. But investigators with the U.S. Department of Justice (DOJ) Office of Professional Responsibility (OPR) just released a report saying that the CIA memo Cheney cited as justifying U.S. torture contains "plainly inaccurate information" that undermines its conclusions.

The New York Times' front page exposé on the role that Goldman Sachs has played in the Greek tragedy unfolding in Europe right now raises a huge number of concerns both for the U.S. economy and the financial reform measures now in Congress.

To recap, Greece and a number of other European Union (EU) countries are dangerously in debt. EU rules say member countries cannot have budget deficits that exceed three percent of GDP. Greece's debt is closer to 12 percent. Other countries including Spain, Ireland, Italy and Portugal are also in trouble. These countries are "too big to fail." A default by any one of them would rock the global markets, putting an end to the hopeful signs of an EU recovery and potentially leading to a "double dip" recession here in the United States.

Greece and perhaps the other EU nations have been hiding the extent of the debt for years. This week, it was revealed that they have been able to do this with the aid of major U.S. players like Goldman Sachs. The German magazine Der Spiegel broke the story that Greece did a billion-dollar currency swap with Goldman Sachs in 2002 that did not show up on the nation's books as debt.