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))I don't know about you, but I feel safer knowing that John "What Death Squads?" Negroponte is the guy the President wants to be handing out Amnesty from securities law to corporate criminals...
Wednesday, May 17, 2006
Securities Laws Are For Suckers
And you know what P.T. Barnum said about suckers.