Reply #6: This Applies to All Publicly Held Companies [View All]

[rwenos]

And is a stunning expansion of the secrecy for which the Bush Administration has such a passion.

This is really sinister. One of the foundations of the New Deal, and one of the most effective protections against a repeat of the Great Depression, is the SEC's regimen requiring full disclosure of financial details.

These guys are rolling back the CORE of economic regulation of the national economy. The implications are huge. To say this is just about secret op's is BS. This is about carte blanche for massive corporate fraud across America.

Little old ladies, pension funds, small investors - be afraid. Be very afraid.