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Use of National Security Book Cooking Exception Not Looking So Paranoid After All

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Marla Singer
Zero Hedge
Monday, January 25th, 2010

We are often accused of being paranoid here at Zero Hedge, generally by our many detractors. Occupational hazard, we suppose.  So when we pen missives wondering about the use of “National Security” exceptions to SEC disclosure and filing requirements for public companies, we tend to get a lot of smug “you’re crazy” correspondence. Then a little time passes, and someone like Reuters writes an article:

U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.

We are shocked, shocked.  Would anyone like to wager on the chance of more documents coming out with a lot more specificity about the import of a National Security interest here?  We take no pride in being both paranoid and right here.  It is simply the fact that no well-reasoned suspicion seems that outlandish to us anymore when it comes to predicting what crony capitalists might do/have already done.

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This article was posted: Monday, January 25, 2010 at 5:06 am





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