Wednesday, March 31, 2010

Now this could be fun!

Evidently, the Obama administration and Congress are gearing up to humiliate companies which have released statements indicating that the recently passed health insurance deform law will cost them a bundle of money. (H/T Stark Raving Sane and a bunch of others)

What's cool about this? Well, the statements are required by Sarbanes-Oxley disclosure laws and regulations. So what we have is the chief executive and his office--required by the Constitution to uphold the laws of the country--deliberately working to intimidate companies to NOT disclose information which SOX requires to be disclosed.

In other words, the White House is aiding and abetting felony failure to disclose financial statements. That would in itself be a felony punishable by impeachment and removal from office.

3 comments:

Night Writer said...

No,with this group it is a Wonderland where laws mean precisely what they want them to mean, no more and no less.

Bike Bubba said...

That's what I'm afraid of. Hoping for a new group with a bit more sanity.

K-Rod said...

Thanks for the h/t, bubba.

The Democrats are openly trying to blackmail companies into committing a felony.

And on top of that they, quote, "Don’t Care About the Constitution"

http://stark-raving-sane-dont-go-in.blogspot.com/2010/04/democrats-dont-care-if-they-shred.html