April 4, 2013
Will the latest "revolving door" director for the SEC represent the public, or the corporate plutocrats she represented before "revolving into" her latest post? Will corporate plutcrats contine to buy off the "buy-partisan"
racketeers in Congress and in the White House, who refuse to regulate banks, or close loopholes that allow multinational corporations to stash trillions of cash overseas, and shirk any and all tax liabilities to the nation they call "home"???
Can we expect the NEXT "Monsanto" to subvert the "rule of law" by bribing Congress to pass a (mafia-like) "protction" act? Will our new "revolving door" director move to curtail the money which funds such corruption? Or will she "rubber stamp" it, thereby becoming a full-fledged member of the above-the-law, too-big-to-fail, too-big-to-jail, class of greedy profiteers who have all but sunk our nation in a permanent swamp of depression for the 99 percent and glory for the exalted one percent?
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending – and to do so this year.
“Dark money” groups that accept contributions from corporations, but are not required to publicly identify their corporate donors, spent millions of dollars during the 2012 elections. It is a scandal that money from publicly traded corporations – which belongs to investors – can be secretly spent to distort our democracy.
The Supreme Court’s ruling in Citizens United v. Federal Election Commission created the loophole that enables this secret spending, but the SEC has the authority to close it.
Both shareholders and the public must be fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC’s web site.
Thank you for considering my comment.
Keith Allen
Mebane, NC