{"id":5652,"date":"2011-08-20T01:08:45","date_gmt":"2011-08-20T08:08:45","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5652"},"modified":"2011-08-20T01:08:45","modified_gmt":"2011-08-20T08:08:45","slug":"those-pesky-sec-records","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/08\/20\/those-pesky-sec-records\/","title":{"rendered":"Those Pesky SEC Records"},"content":{"rendered":"

The SEC needs a major overhaul.  For years, they have spent millions quietly investigation improprieties by Banksters and other financial players.  I had thought that over the years they would have compiled a virtual mountain of evidence that might be used to free America from the thralls of Bankster bondage.  I thought wrong.  The SEC has become a revolving-door cesspool of rampant corruption.<\/font><\/p>\n

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\"20SEC\"A powerful Senate investigative committee has met with and collected evidence from a Securities<\/a> and Exchange Commission enforcement lawyer who is alleging the agency illegally destroyed thousands of records of inquiries into potential Wall Street wrongdoing<\/strong>.<\/p>\n

Staff members of the Senate Permanent Subcommittee on Investigations have held discussions with SEC official Darcy Flynn and his lawyer, ex-SEC official Gary Aguirre, a person familiar with the matter said.<\/p>\n

A panel spokesman declined to comment on whether there is an ongoing investigation. The Senate panel has a broad mandate to investigate government and private-sector abuses.<\/p>\n

Flynn, a 13-year veteran of the SEC, and Aguirre claim the SEC trashed roughly 9,000 files since 1993 containing documents on inquiries into potential securities-law violations, including at several major Wall Street banks<\/strong>. They allege the files were destroyed routinely as a matter of SEC policy that violated federal rules, and that senior SEC officials<\/a> lied about the document destruction to federal archives officials.<\/p>\n

Aguirre raised the possibility that SEC officials could face criminal liability for allegedly trashing the documents and lying about their destruction in a letter to Sen. Charles Grassley (R., Iowa) released this week. So far, however, it appears the matter has not been referred to the Justice Department<\/strong>\u2026 [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <NASDAQ<\/a>><\/p>\n

Keith Olbermann adds detail with Matt Taibbi on Countdown<\/a>.<\/font><\/p>\n