If the SEC’s interpretation stands, Mintz, who represents FOX Business Network, predicted “the next time there is a Bernie Madoff failure the American public will not be able to obtain the SEC documents that describe the failure,” referring to the shamed broker whose Ponzi scheme cost investors billions.
The government couldn’t have said it any clearer. Take your money out of the economy and hide it in your mattress. There is no voice for you on Wall Street. Nobody is watching the watchers.
But you can watch the watchers get richer, if that’s any consolation.
- Sunshine is the best disinfectant, unless you’re the SEC (professorbainbridge.com)
- New Wall Street rules pit SEC vs. the media (money.cnn.com)
- It’s a TARP! Fin-Reg Exempts SEC from Transperency Requirements — By: Daniel Foster (corner.nationalreview.com)
- Financial Reform Bill Closes the Door on FOIA Requests to the SEC (allamericanblogger.com)
- SEC now exempt from FOI requests ” Talking Biz News (nsrtk.blogspot.com)
- New financial regulation reform bill exempts SEC from FOIA (hotair.com)
- URGENT: SEC to Deny FOIA Requests?- URGENT: End of Bush Tax Cuts May Cost Families (foxbusiness.com)
- S.E.C. Said to See New Limits on Its Disclosures (dealbook.blogs.nytimes.com)
- SEC vs. the media, round two (money.cnn.com)
- “Finance Regulatory Power Grab Protects SEC From Freedom of Information Act” and related posts (moonbattery.com)