Abused By Illusions

Wednesday, May 24, 2006

Intelligence Czar Can Waive SEC Rules

If everything happening in the country becomes a secret, in the name of National Defense, pretty much everything becomes legally permissable or at the very least those involved become non-prosecutable? What would such a national system rightfully be called?

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.

Read the full story here!

Posted by CIAbramson at 5:48 PM