Negroponte Can Waive SEC Rules?

[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/

[WannaJumpMyScooter]

1. WTF? how much longer?

Cabrones!

[msongs]

2. don't you wish we had an opposition party who opposes this?

who would challenge this?
who would file court suits against this?

well maybe in late November of 2006 the democrats will throw out all this kinda thing :-)

Msongs
www.msongs.com
batik & digital art
mugs and shirts

[meow2u3]

3. Nixon used national security as the all-purpose loophole in the '70's

Now Bushco is using national security as the "exception that swallowed the rule" to burn the Constitution.

[AzDar]

4. Christ on a cracker! How long til' the Revolution, indeed?? n/t

[otherlander]

5. Nothing suprises me anymore...

:banghead:

[gratuitous]

6. Sure! You remember when Congress passed that law, don't you?

I think it was the "Bush can do anything he wants law." It went by the initialism "USA PATRIOT Act."