Thursday, January 7, 2010
Arroyo fails to sign 2010 proposed budget
Only hours before the year 2010 starts, President Gloria Macapagal Arroyo is yet to sign the proposed national budget for next year.Buy me a Beer[Click Here] if enjoy reading Arroyo fails to sign 2010 proposed budget. ..
SEC Sued Over Failure To Disclose Post-Madoff Reforms
The Securities and Exchange Commission is being sued over its failure to respond to Freedom of Information Act requests for information about what reforms, if any, it has undertaken since it failed to detect Bernard Madoff's multibillion fraud.
The government watchdog Citizens for Ethics and Responsibility in Washington announced the lawsuit today, saying that the SEC has yet to reply to CREW's October 2009 information request.
Last month, a different good-government group, the Project On Government Oversight, did manage to get some Madoff-related records out of the SEC. As we reported at the time, those documents showed that the agency has yet to institute many of the reforms recommended by its internal watchdog after the Madoff scandal.
The government watchdog Citizens for Ethics and Responsibility in Washington announced the lawsuit today, saying that the SEC has yet to reply to CREW's October 2009 information request.
Last month, a different good-government group, the Project On Government Oversight, did manage to get some Madoff-related records out of the SEC. As we reported at the time, those documents showed that the agency has yet to institute many of the reforms recommended by its internal watchdog after the Madoff scandal.
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