Here we go, another lie out of the mouth of Obama. Remember when the great one said, "government will be transparent so the citizens will know what and how we are doing it" Well the freedom of information act no longer applies to the media, the citizen, or the SEC. This allows the Whitehouse to answer to no one,its their word or no one's now.
SEC Exempt From Freedom Of Information Act.
By DONT TREAD ON ME - Posted on July 28th, 2010
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Oh look...another thread of libtard bane....
Could you imagine if Bush was president....these idiots would be beside themselves...
But now?....all you'll get is ....
*crickets*
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
on all topics.... why? because he has come to his senses and has realized that Liberalism is a mental disorder.... Clap it up for McCaskey. Buy wait >
NA said >("I am not going to hesitate to shoot any doggyboy that threatens me. :)' >
Maybe NA got em, after all there is more than one dogboy......
"Don't Tread On Me"...
"THE LIBERTIES OF A PEOPLE NEVER WERE,NOR EVER WILL BE SECURE, WHEN THE TRANSACTIONS OF OUR GOVERNMENT ARE FORCED UPON US"...
Patrick Henry and Tread...
Hahaha, yes, that is correct, many Marxist doggyboys that might need a thumping some day. Hahaha
shhhhhh I can't hear anything, where did all the libtards go on this SEC news....
"Don't Tread On Me"...
"THE LIBERTIES OF A PEOPLE NEVER WERE,NOR EVER WILL BE SECURE, WHEN THE TRANSACTIONS OF OUR GOVERNMENT ARE FORCED UPON US"...
Patrick Henry and Tread...
The Marxist news sources such as CNN and MSNBC are not reporting it, only Fox News.
http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-ex...
Damn...thread up all day and still not a single liberal comment...
Gee...who didnt see that coming...
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
It's not really wise to comment on any Fox News articles, until a day or two later--when the truth comes out.
That being said, this administration often follows in the footsteps of the Bush administration in matters of secrecy.
Pink Slip
Well I'll be damned...codepink surfaces...and his excuse...Bush's fault...
LOL!!!
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
No, I didn't say it's Bush's fault.
Pink Slip
Sure you did...you just didnt realize it:
" follows in the footsteps of the Bush administration "
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
The Barney part of the sham Dodd Frank Fin Reg reform from whence this SEC exemption comes from:
Massachusetts Congressman Barney Frank caused a scene when he demanded a $1 senior discount on his ferry fare to Fire Island's popular gay haunt, The Pines, last Friday. Frank was turned down by ticket clerks at the dock in Sayville because he didn't have the required Suffolk County Senior Citizens ID. A witness reports, "Frank made such a drama over the senior rate that I contemplated offering him the dollar to cool down the situation." Frank made news last year when he was spotted looking uncomfortable around a bevy of topless, well-built men at the Pines Annual Ascension Beach Party.
Read more: http://www.nypost.com/p/pagesix/sorry_barney_no_discount_BSco6dW9b1VTgrL...
We are all born ignorant, but one must work hard to remain stupid.-Ben Franklin
As expected, the truth comes out:
"While, as Fox notes, the law exempts the SEC from disclosing records derived from "surveillance, risk assessments, or other regulatory and oversight activities," this only concerns documents obtained through examinations of broker-dealers and investment advisers -- periodic or targeted reviews of financial firms.
People and organizations can still use FOIA to obtain a range of SEC information, such as inspector general reports; communications with Congress and the business community; and officials' calendar, salary and conflict-of-interest information.
Information from investigations into potential wrongdoing has never been obtainable through FOIA.
John Nester, SEC spokesman, said:
"We are expanding our examination program's surveillance and risk assessment efforts in order to provide more sophisticated and effective Wall Street oversight. The success of these efforts depends on our ability to obtain documents and other information from brokers, investment advisers and other registrants. The new legislation makes certain that we can obtain documents from registrants for risk assessment and surveillance under similar conditions that already exist by law for our examinations. Because registrants insist on confidential treatment of their documents, this new provision also removes an opportunity for brokers, investment advisers and other registrants to refuse to cooperate with our examination document requests."
So, consider this. If the SEC's exam team decides to take a look at a hedge fund's records, it may need to contact the hedge fund's broker for data on trades. That data could be subject to FOIA under the old law, and the broker, fearful that the private data would become public, might refuse to hand over the data.
Under the new law, such data is not subject to FOIA. The SEC hopes that, since it will be seeking data and documents from a broad range of financial players, it won't face resistance from firms concerned that their data might leak to the public through FOIA."
Pink Slip
Here's what you DIDNT post from the same source:
Here's the background: Fox is trying to get documents from the SEC related to why the agency failed to catch the Bernard Madoff and R. Allen Stanford frauds. These failures cost thousands of investors billions of dollars,and the agency probably should comply with Fox's request, even if it means the commission would need to vote to override SEC confidentiality rules.
The new FOIA standards at the SEC came to Fox's attention after agency lawyers cited them in a conference call with the cable channel's lawyers Tuesday.
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The SEC is blocking attempts by the press to find out why they failed to get Madoff...and hidng behind this NEW rule...
And you are blowing it off because you're an obamaton....
If this was Bush and the GOP you'd be screaming bloody murder...
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
I agree that they should comply with Fox's request. But the point of the article was this:
"But the changes may not be as expansive as Fox suggests."
There's a big difference between not disclosing only certain protected documents, and claiming that the "SEC is exempt from FOIA"
Pink Slip