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So much for transparency.
Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.
The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities." Given that the SEC is a regulatory body, the provision covers almost every action by the agency,
“the backroom deal that was cut between Congress and the SEC to keep the SEC’s failures secret. The only losers here are the American public.”
Originally posted by SM2
so....hows that hope and change working for ya? I love this transparency in government.
Originally posted by Danbones
What was the big discussion on the day this bill was signed?
thay Racial descrimination BS Sherrod stoty or whatever.
When I tried to interupt the principle thread to point this bill signing out and bring attention to it, and point out the fact that it was, and did turn out to be about NOTHING, I got maybe two stars.
so really there are two stories here.
one in the ear and one in the butt.
star and flag
Originally posted by mordant1
To understand that a law or rather 2400 pages of numerous laws and redefinitions are intended to justify theft and redistribution on a biblical scale and in every case in history such acts presage death on a biblical scale caused by those making the changes.
Originally posted by Illusionsaregrander
reply to post by mordant1
So you are saying that you believe that this protecting the SEC from transparency is done by a parasitic and lazy group of bottom feeders, (the poor and middle class) and is part of a larger plan for these parasites to begin an open war upon the noble and very rich value adders?
Originally posted by Frogs
Truly scary. Its like watching those in power build a wall around themselves to ensure their control - brick by brick. Every day "clunk" - another brick or two is added.