2010-01-15 — ritholtz.com
" The SEC, working hand in glove with AIG, agreed to keep bailout terms sealed, including information on the pass thru to counter parties such as Goldman Sachs at 100 cents on the dollar. This SEC granted “confidential treatment†was agreed to last May, and a “secrecy order†(WTF is that?) will stay in place until November 2018."
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tvsterling at 20:49 2010-01-16 said:
This points out the need to overhaul ALL of our financial regulators. SEC was asleep at the switch & now they are participating in the coverup. Let's see if their so called 'Secrecy Agreement' holds up to a congressional investigation. The whole nest of snakes needs to be cleaned out, including the SEC. Permalinkadd a comment | go to forum thread
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