DAMN SHAME / Politics and all that jazz / Serious Shit / Some History (to remind us all)

SEC Says New Financial Regulation Law Exempts it From Public Disclosure

“Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission (SEC) 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, lawyers say.  Congress and federal agencies can request information, but the public cannot.”  Source: Foxbusiness.com (click HERE to continue reading).

Here’s the clip:

What’s more significant about this is that the SEC had offices in building 7 (from 9/11).  3,000-4,000 cases that would have been scrutinized (several were still pending) BUT their documentations were destroyed (which included companies like Enron).  Isn’t it convenient that “they” are now exempt from Freedom of Information Act [FOIA] requests?  This is a well oiled machine, people.   While we’re focused on the next iPOD  or APP… “they” are quietly giving us the best fvkn we’ve EVER had!  I have two questions for obama.  #1. What happened to your transparency promise: and #2. Why an exemption at all?  Lastly, “It’s called the American Dream for a reason because you have to be asleep to believe it.” – George Carlin(Click HERE for more George Carlin.)

5 thoughts on “SEC Says New Financial Regulation Law Exempts it From Public Disclosure

  1. You know I use to work for them very high class agency with a lot of perks but I know nothing about there transgression.

    • You say you never knew of their transgressions, right? I think it’s only a few select that get in on that level and I say; be glad. It can be deadly if you know too much and oppose that behavior.

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