Sunday, February 21, 2016

Freedom Of Information Act (FOIA)....

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...

"Pants On FOIA!"

... don't you think ?!?

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