Intelligence Czar Can Waive SEC Rules

[plasticsundance]

This was probably already discussed at DU, but I came across it and thought it was worth a posting. Some of the comments on the article are interesting, too.

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.

more ...

[Yoda Yada]

1. They're never going to give America back to the people.

Think of what this adminstration has done over the last 6 years in order to rule our country.

Do you really think they are going to give it up?

This waiver of SEC rules is NOT an act of desperation....they are letting us know, the game is over. Obviously they will do WHATEVER IT TAKES to keep America quiet.

[plasticsundance]

2. The problem is that they are not letting us know

The article states that it was a little blurb in the Federal Register in an "unrevealing title." They can play all the hokeypokey with derivatives and naked shorts they want by hiding the numbers, but that will not prevent the economic calamity that is on the horizon. They're only making the fall that much stronger when it does come. Economic history is very stubborn with its reality.

The reason this is going on with little if no fanfare is because they don't want the public to know how deep in dodo the system is in.