Wednesday, May 17, 2006

Securities Laws Are For Suckers

And you know what P.T. Barnum said about suckers.
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...

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