Securities and Exchange Commission Exempt from Freedom of Information Act? That’s “progress”.


More transparency.

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.

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