April 27, 2012
Money from abig corporations is INHERENTLY CORRUPTING OUR ELECTIONS.
This problen has been an escalating crisis for several years.
In January 2010 the Supreme Court ruled (in Citizens United v. Federal Election Commission) that corporations can spend unlimited money to BUY ELECTIONS.
This ruling was a DISASTER FOR DEMOCRACY -- and also a DISASTER FOR STOCKHOLDERS because publicly traded corporations can SPEND INVESTORS' MONEY IN SECRET ON POLITICAL CAMPAIGNS.
Investors need to know what corporate managers are doing!!! Inside deals without transparency led to the economic crash.
The SEC absolutely MUST ISSUE A RULE REQUIRING PUBLICLY TRADED CORPORATIONS TO PUBLICLY DISCLOSE ALL OF THEIR POLITICAL SPENDING.
You need to PROTECT INVESTORS -- and you need to PROTECT DEMOCRACY.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted PROMPTLY on the SEC’s web site.