February 3, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
But, I don't trust the SEC. It's like the fox guarding the chicken house. Obama can't get anybody confirmed because everywhere the regulated threaten the regulators.
"We The People" ARE the regulators represented by the 3 branches of the federal gov't who are threatened by the regulated. We are all threatened. Little good comes of anything for 99% of Americans with this set up.
What can you do about it? I have the opportunity and responsibility to let you know what I think.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.