New Presidential Memorandum Permits Intelligence Director To Authorize Telcos To Lie Without Violating Securities Law
Ordinarily, a company that conceals their transactions and activities from the public would violate securities law. But an presidential memorandum signed by the President on May 5 allows the Director of National Intelligence, John Negroponte, to authorize a company to conceal activities related to national security. (See 15 U.S.C. 78m(b)(3)(A))
But I’ve been writing code for 8 hours at my regular job, plus 3 hours tonight doing my consulting gig, so there is no way I’m shifting my brain into lawyer mode to decipher that.
EDIT:
Joe, you may want to check your source. Note the date at the top of that link… U.S. Code as of: 01/26/1998
Looks like this might be the work of your hero Clinton.
(3)(A) With respect to matters concerning the national security
of the United States, no duty or liability under paragraph (2) of
this subsection shall be imposed upon any person acting in
cooperation with the head of any Federal department or agency
responsible for such matters if such act in cooperation with such
head of a department or agency was done upon the specific, written
directive of the head of such department or agency pursuant to
Presidential authority to issue such directives. Each directive
issued under this paragraph shall set forth the specific facts and
circumstances with respect to which the provisions of this
paragraph are to be invoked.Each such directive shall, unless
renewed in writing, expire one year after the date of issuance.
Come on now, try harder…Oh and Jay, Sub. b(3)(a) seems circa 77…(although I could be mis-reading the amendment notes) But that certainly wasn’t drafted in 98
Actually, it sounds like you’re just as ignorant for blindly believing something without researching it first, just because it fit your point of view. So do us all a favor, go end Jeg, then end yourself. Minus two morons, a +1 for the planet.
He didn’t renew anything, he gave cover to the companies by using a provision…which would be fine, if we had congressional oversight monitoring the program…But since the NSA denys the justice department security clearence they can’t be investigated. This memo, now shields any information comming out as a result of civil litigation brought against the phone companies.
I take back saying he didn’t renew anything, he may have been drafting these memos for the last 3 years this program has been going on