In the new financial services deform bill, it appears that regulatory bodies like the SEC may be exempted from Freedom of Information Act requests, according to an article from Fox News.
Since a major part of the financial meltdown of the past few years has to do with the SEC being asleep at the switch (or watching internet porn) instead of watching for the signs of toxic and fraudulent investments, it would seem that more, not less, transparency is needed there. Evidently, however, Democrats in Congress, not to mention Mr. Obama, are having a little trouble figuring out that blocking access to information is anything but the "transparency" they promised back in 2008.
Hope and Change--congratulate our new Politburo, and let's celebrate Mr. Obama's birthday with a nice contribution to GOP candidates.
Odds & Ends: June 20, 2025
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