The latest NSA revelations confirm the systematic manner in which the NSA exploits known and potentially unknown backdoors to work around cryptography. This is not surprising, I speculated briefly about the OpenBSD and Windows NSA key incidents when Snowden originally came into view. Even two days ago, a detailed piece in Wired Magazine predicted many of the things that are in today's headlines., although Schneier indicates in The Guardian he had seen some of the material before publication.

What we really need to know

If the NSA and CIA have had these capabilities, just how much did they really know before and during the financial crisis that kicked off in 2007? Could the crisis have been averted? It was already known that the Greek parliament was wired, was the NSA involved in similar shenanigans? This could well be part of the Snowden revelations that we are yet to see.

In fact, it is this last issue that could be the most damaging for "US interests". If countries (or their citizens) receive such undeniable evidence of a CIA conspiracy exposed by Snowden in broad daylight and they refuse to pay debts then it could lead to major re-alignment of international politics, alliances and treaties. Syria would be just the tip of the iceberg.