SEC Says New FinReg Law Exempts It From Public Disclosure

SEC Says New FinReg Law Exempts It From Public Disclosure

www.foxbusiness.com

So much for transparency.
Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.
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,

(visit the link for the full news article)

What is the government hiding and what do they not want for the public to see? That is a valid question, as an open government where people have access to the records and decisions made on their behalf is the ultimate in transpenrancey and it helps the general public to see how the government works. It keeps the government honest in its dealings. But with this new ruling, it makes one think, what is being hidden, and why? What possible reason for this kind of secrecy? It does not bear the weight of being in the nature of national security, nor does it seem like people could end up getting killed if these records are viewed by the general public. It is very suspicious that they are doing these kind of actions now, in an election year, and that it seems like things are moving to try to control the flow of information to the general public.

www.foxbusiness.com
(visit the link for the full news article)

so....hows that hope and change working for ya? I love this transparency in government.


second line

Beat me to it! Well a good story has to be shared, and this one has added another piece of the puzzle. I agree, what are they trying to hide? I'm sure that it has to be some proof that could be used during the political season coming in November. Best quote is....

“the backroom deal that was cut between Congress and the SEC to keep the SEC’s failures secret. The only losers here are the American public.”

We have been the losers for a long time. It is only getting worse day by day.

Originally posted by SM2
so....hows that hope and change working for ya? I love this transparency in government.


second line

Large scale theft is always a prelude to large scale murder.
The first intentional lie makes the speaker of it a liar.
What more information are you looking for?

What was the big discussion on the day this bill was signed?
that Racial descrimination BS Sherrod story or whatever.

When I tried to interupt the principle thread to point this bill signing out and bring attention to it, and point out the fact that the sherrod story was, and did, turn out to be about NOTHING, I got maybe two stars.

so really there are two stories here.
one in the ear and one in the butt.

oh well
star and flag

[edit on 28-7-2010 by Danbones]

[edit on 28-7-2010 by Danbones]

Sadly, not only was this evident in their intent upon being tapped to write the legislation for congress, but it was anticipated as a painfully obvious outcome considering the SEC's membership among hundreds of corporate-usurped US government agencies.

Why would anyone disclose their malfeasance willingly? They do not consider themsleves as accountable beyond their own judgment - like most of their peer organizations. They believe in the mythos of the mysterious goings-on in the financial world who's integrity we are to believe is based upon the sanctity of their 'trade' secrecy.

To reveal what they do beyond what they are willing to admit would 'endanger' the economy.... (get it? - it's a veiled threat.)

[edit on 28-7-2010 by Maxmars]

Originally posted by Danbones
What was the big discussion on the day this bill was signed?
thay Racial descrimination BS Sherrod stoty or whatever.

When I tried to interupt the principle thread to point this bill signing out and bring attention to it, and point out the fact that it was, and did turn out to be about NOTHING, I got maybe two stars.

so really there are two stories here.
one in the ear and one in the butt.

oh well
star and flag

Truth is rarely appreciated when most receiving it are not configured to accept it.
To understand that a law or rather 2400 pages of numerous laws and redefinitions are intended to justify theft and redistribution on a biblical scale and in every case in history such acts presage death on a biblical scale caused by those making the changes. The value donors have to be buried and demonized before they can defend themselves and resist.
THis kinda gets in the way of an entertainment culture, so dont expect a lot of snaps.

It's up to you what you intend to do, but reading it from right now, it's unavoidable

[edit on 28-7-2010 by mordant1]

Originally posted by mordant1

To understand that a law or rather 2400 pages of numerous laws and redefinitions are intended to justify theft and redistribution on a biblical scale and in every case in history such acts presage death on a biblical scale caused by those making the changes.

Who are you seeing as the value donors here that will be burned and demonized?

Its an interesting post, but I am not really getting who you are pointing your finger at.

Apparently this is it, the SEC has been totally absorbed, and is complicit with the criminal banking empire and government Sachs.

Horrible news, another cog in their doomsday machine.

reply to post by Illusionsaregrander


value donors are those that think they own their property or work product, or control or produce other items of value that are desirable to those that cant or dont.
Who did the various death merchants kill off and steal from?? Property owners, the educated, those relatively self sufficient, productive members of society. Any of the much hated vaguely defined 'Exploiters of the pipples' killed by decree by stalin, pol pot, mao, et al and etc, all that sought and wielded the power of life and death by decree based on some number or region.

reply to post by mordant1


So you are saying that you believe that this protecting the SEC from transparency is done by a parasitic and lazy group of bottom feeders, (the poor and middle class) and is part of a larger plan for these parasites to begin an open war upon the noble and very rich value adders?

Originally posted by Illusionsaregrander
reply to post by mordant1

 

So you are saying that you believe that this protecting the SEC from transparency is done by a parasitic and lazy group of bottom feeders, (the poor and middle class) and is part of a larger plan for these parasites to begin an open war upon the noble and very rich value adders?

Ummm... what?
Your logic is all kappa kahi.
What poor and middle class make the laws?
Only elites make laws, and they use the fear of the disgruntled and unpredictable underclass to extort compliance from the productive class. When the job is done, they'll get rid of both until they have the remaining population mix as they want it.

Phew!

That bill came just in time. Think about what could have happened if the minions actually managed to get momentum behind the government being accountable.

The real story in this though is that FOIA has been over-ruled. The fact that the SEC doesn't have to report is bad enough, but now there is a precedent/mechanism on the books to allow the most basic form of public oversight to be swept aside.

Check mate in ## moves.

reply to post by mordant1


Hey, thats why Im asking, and its kapakahi, for future reference. Yours sounds like a fraternity or something.

You were just talking about all these socialists, and value adders, and I couldnt follow your point. Hence, I asked. And I still dont really get what you are saying. I am guessing now you are saying the elite are behind this, (which I think is very reasonable to assume) but I still dont get the part about the bloodbath you allude too. Do you feel they are doing it to instigate one against them? or that they are about to wage one upon the masses?

Truly scary. Its like watching those in power build a wall around themselves to ensure their control - brick by brick. Every day "clunk" - another brick or two is added.

reply to post by [davinci]


Yeah. I find it very worrying that they are escalating on all fronts. I knew Obama was being chosen to implement so very damaging (to the public at large) domestic policies, but I had no idea they were going to be so huge, so quick.

I also think the tone is being set for a Republican president next so they can bring down the hammer. I thought it might take Obama two terms to finish doing the damage at home, but it looks like they might get it all done in one so that they can bring in the big guns and use force for the rest.

Very frightening.

Originally posted by Frogs
Truly scary. Its like watching those in power build a wall around themselves to ensure their control - brick by brick. Every day "clunk" - another brick or two is added.

And whos money paid for the bricks? Wanna guess?

reply to post by Illusionsaregrander


Wahini verification complete. Check.
I dont expecially want to tell people what to think, I try sometimes to get people to learn to think independantly based on evidence of history of human nature because I and those like me wont always be available.
I've already made my case in recent history. you'll either see the parallels now, or later.