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In reply to the discussion: Exclusive - Prosecutors, regulators close to making Libor arrests [View all]think
(11,641 posts)4. Perhaps we must thank the CIA for the term "plausible deniability"
Plausible deniability is a term coined by the CIA during the Kennedy administration to describe the withholding of information from senior officials in order to protect them from repercussions in the event that illegal or unpopular activities by the CIA became public knowledge.
The term most often refers to the denial of blame in (formal or informal) chains of command, where senior figures assign responsibility to the lower ranks, and records of instructions given do not exist or are inaccessible, meaning independent confirmation of responsibility for the action is nearly impossible. In the case that illegal or otherwise disreputable and unpopular activities become public, high-ranking officials may deny any awareness of such act or any connection to the agents used to carry out such acts. It typically implies forethought, such as intentionally setting up the conditions to plausibly avoid responsibility for one's (future) actions or knowledge....
Full description:
http://en.wikipedia.org/wiki/Plausible_deniability
The term most often refers to the denial of blame in (formal or informal) chains of command, where senior figures assign responsibility to the lower ranks, and records of instructions given do not exist or are inaccessible, meaning independent confirmation of responsibility for the action is nearly impossible. In the case that illegal or otherwise disreputable and unpopular activities become public, high-ranking officials may deny any awareness of such act or any connection to the agents used to carry out such acts. It typically implies forethought, such as intentionally setting up the conditions to plausibly avoid responsibility for one's (future) actions or knowledge....
Full description:
http://en.wikipedia.org/wiki/Plausible_deniability
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Exclusive - Prosecutors, regulators close to making Libor arrests [View all]
dipsydoodle
Jul 2012
OP
And the demand for reform will be because the murderers and rapists are so afraid of the bankers.
Squinch
Jul 2012
#10
Romney is likely making backdoor economic deals with the international bankers to secure his
avaistheone1
Jul 2012
#13
"Trillions of dollars" have been stolen from people who deal with banks in the form of higher
byeya
Jul 2012
#23