SEC Attorney Reveals that Agency Has Shredded Documents for Decades to Cover Up Wall Street Fraud

What should we make of the new revelations by Securities and Exchange Commission attorney Darcy Flynn (background here, here and here) that the SEC has been shredding documents for decades?

As many commentators have noted, the SEC did this to cover up fraud on Wall Street.

The Entire Government Strategy Is To Cover Up Fraud

William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are:

The entire strategy is to keep people from getting the facts.