Bill Keller: No, I’m The Decider
Despite requests from the Bush administration not to publish the story, The New York Times has taken it upon itself to declassify yet another classified anti-terror program. Commenting on the story, NYT editor Bill Keller said that after “serious and respectful consideration” he decided that it was in the “public interest” for this terrorist financial tracking program to be revealed. I don’t know about you, but as a member of the “public,” I feel so much safer now:
Under a secret Bush administration program initiated weeks after the Sept. 11 attacks, counterterrorism officials have gained access to financial records from a vast international database and examined banking transactions involving thousands of Americans and others in the United States, according to government and industry officials.
The program is limited, government officials say, to tracing transactions of people suspected of having ties to Al Qaeda by reviewing records from the nerve center of the global banking industry, a Belgian cooperative that routes about $6 trillion daily between banks, brokerages, stock exchanges and other institutions. The records mostly involve wire transfers and other methods of moving money overseas and into and out of the United States. Most routine financial transactions confined to this country are not in the database.
Viewed by the Bush administration as a vital tool, the program has played a hidden role in domestic and foreign terrorism investigations since 2001 and helped in the capture of the most wanted Qaeda figure in Southeast Asia, the officials said.
The program, run out of the Central Intelligence Agency and overseen by the Treasury Department, “has provided us with a unique and powerful window into the operations of terrorist networks and is, without doubt, a legal and proper use of our authorities,” Stuart Levey, an under secretary at the Treasury Department, said in an interview on Thursday.
The program is grounded in part on the president’s emergency economic powers, Mr. Levey said, and multiple safeguards have been imposed to protect against any unwarranted searches of Americans’ records.
The program, however, is a significant departure from typical practice in how the government acquires Americans’ financial records. Treasury officials did not seek individual court-approved warrants or subpoenas to examine specific transactions, instead relying on broad administrative subpoenas for millions of records from the cooperative, known as Swift. (my emphasis)
UPDATE (James Joyner): Fausta Wertz finds it curious NYT essentially ignored this week’s story of the finding of hundreds of WMD shells yet is hyping this one.