Congress Guts STOCK Act

A stealth attack by Senate leadership on Thursday demolished key provisions of the STOCK Act requiring electronic filing of financial disclosure statements and a new database of the information they contain.   Original post on opensecrets.org    Comments on reddit.com   

What’s Inside America’s Banks? – Frank Partnoy and Jesse Eisinger

Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks—the sort that could again take down the economy. A close investigation of a supposedly conservative bank’s financial records uncovers the reason for these fears—and points the way toward urgent reforms.   Original post on theatlantic.com    Comments on reddit.com   

Obama Cabinet Flunks Disclosure Test With 19 in 20 Ignoring Law

On his first full day in office, President Barack Obama ordered federal officials to “usher in a new era of open government” and “act promptly” to make information public.   Original post on bloomberg.com    Comments on reddit.com   

Kim Dotcom Must Be Allowed To See FBI Evidence Against Him, Court Rules – TorrentFreak

The bid to have Kim Dotcom extradited to the United States suffered a significant setback today. US authorities had insisted there was no need for them to reveal the evidence they hold against the Megaupload founder. But today a New Zealand judge upheld an earlier decision and ordered the US to reveal the evidence they are relying on to have Dotcom and his associates shipped to the United States, including details of covert operations and confidential discussions with rights holders.   Original post on torrentfreak.com    Comments on reddit.com   

AP: Romney-Owned Offshore Company Was Invisible for Many Years – Rebecca Kaplan – NationalJournal.com

An Associated Press report says that a once-invisible offshore company has helped bolster Romney’s wealth even though it did not appear on his state or federal financial reports for 15 years.   Original post on al.com    Comments on reddit.com   

Bill to Strengthen Whistleblower Protections Advances – Secrecy News

Last week the House Oversight Committee reported out the Whistleblower Protection Enhancement Act, a bill that is intended to increase protections for   Original post on fas.org    Comments on reddit.com   

Republicans Block Online Disclosure Of Campaign Television Ad Spending – ThinkProgress

The Supreme Court’s Citizen United decision has created a flood of television ad spending — hundreds of millions of dollars — from outside groups, corporations, and individuals. The Justices who voted for the decision and its supporters argue that disclosure is all voters need to make informed decisions. But yesterday, a panel of House Republicans [...]   Original post on thinkprogress.org    Comments on digg.com