Bush and Negroponte Scheme to Waive Disclosure for Private Companies

[bigtree]

Bush gives intelligence chief authority to exempt companies from some disclosure requirements

May 24, 2006 3:21 PM

WASHINGTON (AP) - President Bush has delegated to the government's intelligence chief, John Negroponte, the authority to exempt private companies from certain federal disclosure requirements on grounds of national security.

Bush signed an official memorandum to Negroponte on May 5 giving him the authority to excuse companies with government contracts for secret projects from having to disclose them in required periodic filings with the Securities and Exchange Commission. The memo, published in the Federal Register on May 12, was first reported Tuesday by BusinessWeek Online.

Administration officials said it was the first time a president has ever delegated that authority to someone not in his executive office, according to BusinessWeek. It wasn't clear whether any U.S. company has received a waiver under the national-security provision.

''There was no expansion of the authority (to exempt companies), and nothing specific that led to the memo,'' White House spokeswoman Dana Perino said Wednesday in response to questions. She was referring to the idea that the legal basis for granting exemptions hadn't changed.

Carl Kropf, a spokesman for Negroponte, said, ''The ability to protect the confidentiality of some of these relationships (with companies) is important.'' He declined further comment.

report: http://www.newspress.com/Top/Article/article.jsp?Section=BUSINESS&ID=564740340872251552


BusinessWeek noted the timing of Bush's memo, which came the same day that Porter Goss resigned as CIA Director . . .

[Joanne98]

1. Let's guess. Haliburton, Bectel and Diebold.............

[tanyev]

3. Fascists R Us...

[ladjf]

2. They no longer have to scheme. They just say they don't need

to obey any laws. Who's going to stop them? Congress? Supreme Court? Military? American People?

[spindrifter]

4. What are the "certain federal disclosure requirements?"

[peacetalksforall]

5. Martial law inoculatiaons to make us SUBMISSIVE, COMPLIANT, and

just like the lemmings. So, companies that make make stuff to calm us wayyyy down, companies like Rummies that make bird flu antidotes, companaies that sell psy-ops programs, companies that take down and replace the internet, companies that employ Africans and mercenaries to police us (a George idea presented as world policemen).

They want to OOOWWWWNNNN us. No dissentors, please. Everyone loves George and Dick.

[babylonsister]

6. Add the SEC to that; dimson has been busy...

Bush Gave Negroponte Broad Authority to Waive SEC Rules Updated at 4:36 PM

MAY 23, 2006

Intelligence Czar Can Waive SEC Rules
Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements

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. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye. Advertisement

Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval Office. It couldn't be immediately determined whether any company has received a waiver under this provision.

The timing of Bush's move is intriguing. On the same day the President signed the memo, Porter Goss resigned as director of the Central Intelligence Agency amid criticism of ineffectiveness and poor morale at the agency. Only six days later, on May 11, USA Today reported that the National Security Agency had obtained millions of calling records of ordinary citizens provided by three major U.S. phone companies. Negroponte oversees both the CIA and NSA in his role as the administration's top intelligence official.

http://www.businessweek.com/bwdaily/dnflash/may2006/nf2...

[bigtree]

8. amazing

the uninhibited grab for power astounds me.

[babylonsister]

9. And they're picking up the pace-makes you wonder what their

ultimate motive is, or what's the hurry.

Hi, bigtree! :hi:

[bigtree]

14. they sense the end

we need a fresh Congress to push them back

:hi: carry on, babylonsister

[Triana]

7. oh great. more sidewinding, slimy secrecy...

...from bu$hco.

Same day Porter Goss resigned, eh? Can you say 'Watergate Prostitute?'

[Mr_Spock]

10. Just more scheming by this band of two-bit hoodlums

I cannot WAIT for this merry band of thieves to be out of Washington.

[babylonsister]

11. Here's another instance involving the telecom companies

lest anyone forget...


"Presidential Memorandum Permits...Telcos To Lie"

In recent days, AT&T, Bell South and Verizon have all issued statements denying that they’ve handed over phone records to the NSA, as reported by USA today.

There are three possibilities:

1) The USA Today story is inaccurate;

2) The telcos left enough wiggle room in the statements that both the USA Today story and their statements are accurate; or

3) The statements from the telcos are inaccurate.

Ordinarily, a company that conceals their transactions and activities from the public would violate securities law. But a presidential memorandum signed by the President on May 5 allows the Director of National Intelligence, John Negroponte, to authorize a company to conceal activities related to national security. (See 15 U.S.C. 78m(b)(3)(A))

There is no evidence that this executive order has been used by John Negroponte with respect to the telcos. Of course, if it was used, we wouldn’t know about it.

http://thinkprogress.org/2006/05/17/new-executive-order /

[sweetheart]

12. The ultimate in off balance sheet voodooo

This is just to cover fraud, weapons proliferation, murder and blitzkrieg... hitler's
secret funding of his machine, so the public is less aware of the depths it is
funding in war crimes. More legal graft made hidden...

[987654321]

13. Damn, Damn, Damn!

Day after day they accumulate more and more power while the constitution and the rights of our citizenry become nothing more than after thoughts.

Bush must have learned a lot from his Grand dad, you know, Prescott, the one who did business with the Nazi party even though we were at war with them and it had been outlawed by our government. The apple didn't fall too far from the tree in this family.

I'm going to go scream now.