U.S companies are reportedly sharing information with government spy networks

Americans have begun to assume that another leak related to the nation's surveillance network is just around the corner and, this week, folks with that mindset were not disappointed. An exclusive report from Bloomberg News, which cited unnamed sources, indicated that thousands of American businesses, including banks, telecommunications and technology companies, have been sharing personal information regarding their clients with the National Security Agency (NSA) and other national law enforcement organizations.

These developments further complicate the Obama administration's efforts to cool the embers of controversy following former NSA contractor Edward Snowden's earth-shattering revelation that the U.S. government has been monitoring global communication systems for possible signs of terrorism. Even as senior White House officials plead with the media and members of Congress for time to explain programs like Project PRISM more carefully, additional leaks are proving to be too controversial to ignore.

According to Bloomberg, major firms like Microsoft regularly trade information with U.S. spy services regarding phone calls, emails and other forms of personal data. In return, sources claim, these companies are treated to classified materials that may give them a leg-up on either competitors or future cybersecurity threats. Additionally, these businesses often request non-disclosure agreements (NDAs) that effectively shield them from future prosecution in both federal and civil courts. These legal immunities – compounded by the fact that customer information is being offered without consent – are proving to be just as controversial as the actual facts themselves.

It's unclear how the latest leaks will impact the current political environment, given that members of both parties have largely supported the up-until-recently private programs and lambasted any and all leakers. Meanwhile, important economic reforms are ignored and investors are left to seek out more independent venues of revenue – especially those who are approaching retirement. To access important online tools and data that can make a difference in today's markets, those interested should visit GreatWealthStrategies.com today.