Negroponte Can Waive SEC Rules? [View All]

[SHRED]

How shitty will it get folks, before a revolution?
Negroponte needs more power...doesn't he?
He sure used it well in El Salvador. :sarcasm:

Once again this administration proves it's all about a government by the corporates, of the corporates, and for the corporate special interests.


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Intelligence Czar Can Waive SEC Rules
Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements
By Dawn Kopecki
Business Week
Updated: 5:00 p.m. PT May 24, 2006


President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations.

~snip~

Securities-law experts said they were unfamiliar with the May 5 memo and the underlying Presidential authority at issue. John C. Coffee, a securities-law professor at Columbia University, speculated that defense contractors might want to use such an exemption to mask secret assignments for the Pentagon or CIA. "What you might hide is investments: You've spent umpteen million dollars that comes out of your working capital to build a plant in Iraq," which the government wants to keep secret. "That's the kind of scenario that would be plausible," Coffee said.

~snip~

Continued: http://msnbc.msn.com/id/12952860/