Pay No Attention To the Man Behind the Curtain

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Terror alert: how four-year-old information was transformed into clear and present danger.

The Bush administration was forced into the embarrassing admission yesterday that “new” intelligence about al-Qa’ida’s plans to attack US financial institutions – information that led to an official alert and a slew of fresh security measures – was up to four years old and predated the 11 September attacks.

Ummmm… Great.