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Tag Archive: disclosure problems

Feds: Freddie Mac should hide info from SEC

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Yesterday, we learned from the Chicago Tribune that 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.

Federal officials who took over Freddie Mac stopped short of nationalizing the company, leaving it partly ...

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How confusing are earmark disclosures?

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When Rep. Neil Abercrombie requested an earmark in the Military Construction and Veterans Affairs Appropriations bill to fund "Saddle Road Phase 5," he listed (on page two of that mega file courtesy of Taxpayers for Common Sense), the "U.S. Army Garrison Hawaii, located at Schofield Barracks, Hawaii" as the entity that was the recipient of the funds. Search the spread sheet Taxpayers compile for the list of earmarks in that bill, and only one Abercrombie request turns up: a $9 million earmark for "Access Road, Ph 1" in Pohakuloa TA.

The only thing that connects the two is the ...

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