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SEC Censors Report That Crisis Warning Signs Were Ignored

wonkroom.thinkprogress.org — Bloomberg stated that “before [the report] was released to the public on Sept. 26, [SEC Inspector General] Kotz deleted 136 references, many detailing SEC memos, meetings or comments.” These deletions came “at the request of the [SEC’s] Division of Trading and Markets (TM) that oversees investment banks.”

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  • inactive, on 10/07/2008, -0/+13The government is a fully owned subsidiary of Global Kleptocracy, Inc.
  • Striker101, on 10/07/2008, -0/+8Dang! Didn't know that Kleptocracy was incorporated!
    That SEC article ties in with that Bush/cronies knew of this bailout crisis months before whining to the world for bailout.
  • Arishia, on 10/07/2008, -0/+7TM is not fulfilling its obligations in accordance with the underlying purpose of the Broker-Dealer Risk Assessment program in several respects. First, TM has failed to update and finalize the rules governing the program, which would ensure that broker-dealers file pertinent information with the Commission in a timely manner. Second, TM has failed to enforce the temporary rules’ document retention and filing requirements that are incumbent upon broker- dealers. As a result, nearly one-third of the firms failed to file 17(h) documents as required by the rules.

  • niradg, on 10/07/2008, -1/+7Damn you Southeastern Conference, damn you!
  • homercles337, on 10/07/2008, -0/+4FTA: The loud pronouncements by the right have become almost a cult-like mantra online...

    Truer words have never been spoken.
  • MsLaurel, on 10/07/2008, -0/+3Do I detect a pattern here?

    After 9/11, we discover that Bush ignored a Daily Brief, warning him of the plot.
    After Wall Street crashes, we discover that Bush & Co. ignored the warnings.
    Republicans enjoy placing ordinary people in harm's way, do they not?

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