Wednesday, July 28, 2010

Transparency? Fuggedaboutit.

The Obama Administration thinks this bill is good stuff.

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.


HT: Denninger

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