Google
 

Thursday, April 23, 2009

Scofflaws Unmasked

American Scofflaw
Freddie Mac documents are not subject to the Freedom of Information Act because they contain or might compromise commercial information–that is, the proprietary insider information of a private company.

Today, in the Washington Post, we learn that that private company was pressured to withhold negative information it was obligated to disclose under SEC rules. It seems that following government policy will adversely affect its bottom line, and the firm wanted to tell its remaining shareholders that.

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

No comments:

Parking Tickets

Parking Tickets
Can I pay my tickets here?

Let 'em Hear it

Add to Technorati Favorites

Gottcha, scofflaw

Gottcha, scofflaw

Hottest T-Shirts on the Web

Loading...

Favorite Scofflaw Movies

  • The Godfather
  • The Usual Suspects
  • Dirty Harry
  • The Good, The Bad and The Ugly
  • The Treasure of The Sierra Madre
  • The Long Good Friday
  • Pacific Heights
  • Midnight Cowboy
  • Highway61
  • Duel
  • Catch Me if You Can
  • Glengarry Glenn Ross