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| Naughty, Naughty !!! |
The NCUA was caught "red-handed" at the Congressional hearing, illegally concealing (redacting) information from the public.
Fifteen pages of information from the PriceWaterhouseCoopers (PWC) report - generally simply critical of NCUA's ineffectiveness - were classified by NCUA as "trade secrets" under the Freedom of Information Act (FOIA) and deleted from the public record. [That NCUA may be inept is not exactly a "trade secret" within the credit union movement!]
Under oath, Chair Debbie Matz replied as follows:
Q: "Do you believe that [the redacted] information to be a trade secret?"
A: Ms. Matz: "I don't."
Q: "Did you approve that decision."
A: Ms. Matz: "I wasn't aware of it."
Ah, the classic inside-the-Beltway "answer" !!! Has a bit of a whiff of...
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| "Pants On FOIA!" |
... don't you think ?!?
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