And what's better, now the lapdogs of Wall Street are immune from FOIA [Freedom of Information Act] requests!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.
That argument comes despite the President saying that one of the cornerstones of the sweeping new legislation was more transparent financial markets. Indeed, in touting the new law, Obama specifically said it would “increase transparency in financial dealings."
Mr. President, you're a lying sack of crap. [MY emphasis]
Nor is this theoretical either. Fox News has already had an FOIA denied:The SEC cited the new law Tuesday in a FOIA action brought by FOX Business Network.
Nice.
Read the whole thing here.
No comments:
Post a Comment