S.E.C. Charges Brothers With $550 Million Fraud — WASHINGTON — Samuel and Charles Wyly, the billionaire brothers from Dallas who are large donors to philanthropies and to conservative causes, were charged Thursday with conducting an extensive securities fraud that the Securities …
Editor's notes: here is the problem with this story -- because of the secrecy provided to the SEC as a result of the wording of the recent FinReg financial reform legislation, we will never know if this investigation is reprisal for the brother's political views or not. We all know that the current Administration is fully capable of such corruption. As long as secrecy is institutionalized within the content of FinReg legislation, the SEC is not to be trusted and charges against anyone should be viewed with suspicion. Understand that FinReg provides the SEC protection from having to answer requests under the "Freedom of Information Act." As incredible as it may sound, we, "the people," are no longer able to investigate this agency and this is all Obama's doing. This is part of the reason why the Obama Congress has an approval rating of 11%. The ONLY people left who believe in Congress are blood relatives and a few staff members. Geeeeeeze.
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