Friday, November 30, 2007

FOIA blues

I am shocked, shocked I tell you, about this news:

November 29, 2007 -- AFTER a year and a half of stalling, the US Treasury finally complied with The Post's requests for information about The President's Working Group on Financial Markets - by delivering 177 pages of crap.

In essence, the Treasury's Freedom of Information officials said that the Working Group - affectionately nicknamed the Plunge Protection Team - doesn't keep records of its meetings.

How interesting and convenient!

Included in the 177 pages that the Treasury said responded to our request on the actions of The President's Working Group were 53 pages on which something was redacted - blacked out so that the discussion was unreadable.

Many of those 53 pages contained no words at all - just a big black blob.

Starting in June of 2006 The Post asked for an accounting of the actions of The President's Working Group, which was formed under President Reagan. The Group seems to have the ill-defined task of keeping an eye on the financial markets. We also asked for e-mails related to our request through the Freedom of Information Act (FOIA).

I guess we'll never know the level of intervention since last summers meltdown. How much of the stock markets does the treasury own? How much can it afford to own?

The klepto-plutocracy really doesn't see the need for you, dear citizens, to have a clue about what they are up to. Just remember that it's for your own good.


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