You can’t leak something that’s already overflowing

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If anyone tells you that certain leftist newspapers like the Wall Street Journal (though they will probably say the New York Times, which is about as “leftist” as the WSJ) committed treason by leaking intelligence about the U.S.’s secret searches within a vast global database of confidential financial transactions–tell them to go to a “burning hot” place.

Really. Because that is where The Heretik is camped out, exposing the outrageousness of this claim. He explains that the Bush administration has been doing nothing but blabbing for years about its intention to spy on and monitor financial transactions as a way of fighting the so-called war on terror.

“George Bush should look in the mirror,” The Heretik says, for “Nobody has done more to…tell terrorists we are on to them, on the financial trail which in some ways is going cold.”

He then provides a chronological collection of statements by Bush, beginning September 24, 2001, in which he explains to the world over and over how the U.S. is tracking international financial transactions and freezing the assets of terrorists.

Except, of course, that didn’t really happen. The Heretik points out that terrorists do not actually do business with Swift–what a surprise– only with a few selected Swift banks, and that terrorist assets are easily and quickly converted to things like diamonds, gold and investments in front companies. However, as a result of the fishing expedition, millions of confidential Swift records have been released without authorization, violating privacy laws, and resulting in complaints lodged in thirty-two countries.

“The simple truth is terrorists need little money to do great harm.” So says The Heretik. And he refers to Bryan Bender’s Boston Globe story, in which Bender quotes former terror financing expert Victor D. Comras:

Unless they were pretty dumb, they had to assume their transactions were being monitored. We have spent the last four years bragging how effective we have been in tracking terrorist financing.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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