8.05.2010

"The government is corrupt" is setting a pretty low bar for irony, but still...

SEC's Freedom of Information Act exemption should be repealed. - chicagotribune.com

Isn't it ironic that the U.S. Securities and Exchange Commission, which is making lots of noise about forcing more transparency on business, wants to keep its own secrets?

Congress went along like a lapdog in the new financial reform law.

That law specifies that the SEC need not disclose records it gets when it examines businesses that register with the agency. The law is written so broadly that it could exempt almost all the agency's work from the Freedom of Information Act.

 

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