And government has not only failed to require that companies accurately report their finances - so that investors can know which companies are stable and productive - but it has actually thwarted such accuracy. For example:
- A government agency prevented the SEC from investigating multi-billion dollar Ponzi-schemer Stanford
- As of 2006:
"President George W. Bush has bestowed on his intelligence czar ... broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations."
- One or more treasury department officials actively allowed banks to "cook their books"
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