ONE OF THE MSM IS DOING ITS JOB! FOX Business Sues SEC (this time for Details on Stanford Case)
FOX Business Network has sued the SEC over failure to respond to an expedited request for information under the Freedom of Information Act.
The FOIA request, filed on Feb. 26, sought all records relating to information that the SEC received regarding … violations of the securities laws or any other potential wrongdoing by …Stanford, or Stanford Financial Group …
The FOIA complaint was filed by FOX. FBN has also filed lawsuits against the Treasury Dept and FRB over their failure to respond to FOIA requests regarding use of bailout funds and the Fed’s extended loan facilities. In Feb, the Federal Court (NY) sided with FBN and ordered the Treasury to comply with FBN’s requests.
Kevin Magee, EVP of FOX News commented, “It is unacceptable that titans like R. Allen Stanford or Bernard Madoff were able to operate such massive financial frauds under the nose of institutions like the SEC. As a news organization, we believe it is the public’s right to know how these economic atrocities were committed as part