More Secrecy After Bailout, Not Less

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	More Secrecy After Bailout, Not Less

cheapogroovo

7-6-2009 10:16 AM

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tags:

banks, wall street, bailout, regulations, sec, fdic

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/88a253fc-57f6-464b-8c63-76eb3f28e959/AF0DC408-8A8E-464E-9FF3-8B95B2262F5B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://rawstory.com/08/news/2009/07/04/taibbi-nyse-ends-transparency-to-protect-goldman-sachs/" href="http://rawstory.com/08/news/2009/07/04/taibbi-nyse-ends-transparency-to-protect-goldman-sachs/" style="font-size: 11px;">rawstory.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rawstory.com/08/news/2009/07/04/taibbi-nyse-ends-transparency-to-protect-goldman-sachs/">The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://rawstory.com/08/news/2009/07/04/taibbi-nyse-ends-transparency-to-protect-goldman-sachs/">The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose <EM>Rolling Stone</EM> article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AF0DC408-8A8E-464E-9FF3-8B95B2262F5B/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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