SWIFT is a dead entity anyway and has no beneficial services going forward. The information that was obtained was of no value since the banking community that transfers funds to terrorist simply hide the trail in the complexity of the messaging system that’s why it was leaked. The Bush administration created a trap for the New York Times. The trap can now be sprung at their leisure and the New York Times can pretend they are covered under the first amendment. Look at the sub accounting information versus the SWIFT messaging, crack the accounting records of each bank open thats the data that matters, not the SWIFT message activity.

Meanwhile in that same parliamentary sessions the members of European Parliament voted in favour of the Regulation to implement special recommendation VII of the Financial Action Task Force on Fraud (obligation to add originator details to outgoing payments and to check incoming payments for the details).

And... over in Russia, Bush states that he hopes that Russia will one day enjoy all the democratic goodies that Irak now has, such as democracy and (mind you) freedom of press! Well, with Bush' interpretation of that concept, Putin will have no trouble adopting that principle....

Great article. I look forward to your future work.