SEC to be exempt from public disclosure

[Guest]

Remember the financial regulatory reform bill signed into law last week by Obama? The bill he signed while all the news networks were busy covering the Shirley Sherrod video that was a setup and a ploy to call Fox News racist.

Well it turns out the bill exempts the SEC from the Freedom of Information Act which allows citizens access to certain public records and information. The SEC won't have to disclose records or information originating from "surveillance, risk assessments, or other regulatory and oversight activities." Congress and federal agencies can request information, but the public cannot.


http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/

[Guest]

Remember the financial regulatory reform bill signed into law last week by Obama? The bill he signed while all the news networks were busy covering the Shirley Sherrod video that was a setup and a ploy to call Fox News racist.

Well it turns out the bill exempts the SEC from the Freedom of Information Act which allows citizens access to certain public records and information. The SEC won't have to disclose records or information originating from "surveillance, risk assessments, or other regulatory and oversight activities." Congress and federal agencies can request information, but the public cannot.


http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/

I will say this with not much fear of contradiction...from the so called "stimullus" bill (70% pork and UNREAD) to the health bill and this particular bill, I have never in my lifetime seen a congress pass so many bills with so much HIDDEN LANGUAGE that needs to be sorted out.

Also read to day that many of the Democrats who voted against the funding of the war yesterday did so because there were unrelated ammendments taken out of the bill so in fact they supported this bill to pay on the war ONLY BECAUSE OF UNRELATED ammendments !

"When the House passed an earlier version of the legislation this month, it contained a variety of domestic spending measures, including $10 billion for a fund to avoid layoffs of teachers, $5 billion for Pell Grants for low-income college students and $1 billion for a program to help teenagers and young adults get summer jobs.
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Senate Republicans, joined by 11 Democrats, stripped the money last week and instead passed the pared-down bill that the House approved Tuesday.

With the spending removed, Democrats likely lost any chance to grant Obama's request for billions of dollars in fresh aid to state governments before Congress leaves for its August recess. Democratic aides said House leaders have no plans to include the money in another bill before the House adjourns Friday for the summer.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/27/AR2010072704655.html