Is this what you’re looking for? This 2006 Article by Mike Ruppert at FTW entitled: The Abyss Awaits Excerpt:

DEVELOPMENT NUMBER ONE – John Negroponte and the SEC

In Godfather Government, published at FTW just days ago, Carolyn Baker described one of the most significant and ominous developments in the continuing devolution of American government into a pure organized crime operating system.

Baker wrote:

… Business Week Online has just reported that George W. Bush on May 5 [2006] signed a memo entitled “Assignment Of Function Relating To Granting Of Authority For Issuance Of Certain Directives: Memorandum For The Director Of National Intelligence.” In the document, Bush assigned intelligence czar, John Negroponte, the task of waiving Securities and Exchange Commission rules, established in 1934, pertaining to accounting disclosures by publicly traded companies. As a result of no longer needing to reveal financial information to shareholders in the name of national security, the cloning of Enron, having been in process for several years, is now complete. Instead of being required to disclose valid accounting ledgers, U.S. corporations have now been given carte blanche to maintain fiduciary legerdemain. I must ask: How can any sane human being persist in believing that a legitimate government exists in the United States?

Let me describe exactly what this means more succinctly.

The BusinessWeek article reported the following:

Now, the White House’s top spymaster can cite national security to exempt businesses from reporting requirements.

President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the federal register.

Unbeknownst to almost all of Washington and the financial world, Bush and every other President since Jimmy Carter have had the authority to exempt companies working on certain top-secret defense projects from portions of the 1934 Securities Exchange Act. Administration officials told BusinessWeek that they believe this is the first time a President has ever delegated the authority to someone outside the Oval office. It couldn’t be immediately determined whether any company has received a waiver under this provision…

The timing of this move is intriguing. On the same day the President signed the memo, Porter Goss resigned as director of the Central Intelligence Agency amid criticism of ineffectiveness and poor morale at the agency. Only six days later, on May 11, USA Today reported that the National Security Agency had obtained millions of calling records of ordinary citizens provided by three major US phone companies. Negroponte oversees both the CIA and the NSA in his role as the administration’s top intelligence official.

FEW ANSWERS. White House spokeswoman Dana M. Perino said the timing of the May 5 Presidential memo had no significance…

AUTHORITY GRANTED. William McLucas, the Securities & Exchange commission’s former enforcement chief, suggested that the ability to conceal financial information in the name of national security could lead some companies “to play fast and loose with their numbers.” McLucas, a partner at Wilmer Cutler Pickering Hale and Dorr in Washington added: “It could be that you have a bunch of books and records out there that no one knows about.”

The memo Bush signed on May 5, which was published seven days later in the Federal Register, had the unrevealing title “Assignment of Function Relating to Granting of Authority for Issuance of Certain Directives: Memorandum for the Director of National Intelligence.” In the document, Bush addressed Negroponte saying: “I hereby assign to you the function of the President under section 13(b)(3)(A) of the Securities Exchange Act of 1934, as amended.”

A trip to the statute books showed that the amended version of the 1934 act states that “with respect to matters concerning the national security of the United States, “the President or the head of an Executive Branch agency may exempt companies from certain legal obligations.” These obligations include keeping accurate “books, records, and accounts” and maintaining a system of internal accounting controls sufficient “to ensure the propriety of financial transactions and the preparation of financial statements in compliance with “generally accepted accounting principles.”

FTW made a little trip to the statute books also. This is section 13(b)(3)(A) of the Securities Exchange Act:

With respect to matters concerning the national security of the United States, no duty or liability under paragraph (2) of this subsection shall be imposed upon any person acting in cooperation with the head of any Federal department or agency responsible for such matters if such act in cooperation with such head of a department or agency was done upon the specific, written directive of the head of such department or agency pursuant to Presidential authority to issue such directives. Each directive issued under this paragraph shall set forth the specific facts and circumstances with respect to which the provisions of this paragraph are to be invoked. Each such directive shall, unless renewed in writing, expire one year after the date of issuance.

This is Paragraph 2

Every issuer which has a class of securities registered pursuant to section 12 and every issuer which is required to file reports pursuant to section 15(d) shall–

A. Make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer;

B. Devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that—

i. transactions are executed in accordance with management’s general or specific authorization;

ii. transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and (II) to maintain accountability for assets;

iii. access to assets is permitted only in accordance with management’s general or specific authorization; and

iv. the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and

C. notwithstanding any other provision of law, pay the allocable share of such issuer of a reasonable annual accounting support fee or fees, determined in accordance with section 109 of the Sarbanes-Oxley Act of 2002.

In other words, the Bush administration has not opened the barn door, it has burned down the barn. Delegating the authority to Negroponte provides Bush with plausible deniability and a scapegoat, if needed.

How Do We Know If It’s Been Used?

This is very nasty stuff.

The deeper we go, the more corrupt it gets.

Maybe we need a bulldozer instead of hearings. Just raze DC and start over again.

Did you go to the Deep Capture website the other day? I know it is hard to get through, but once you work at it, there is some amazing information.

ROTL, I wear my collander at all times…just in case they’re right. hee,hee.

It also implies that GWBush was not as stupid as he appeared to be.
This certainly has the appearance of malice aforethought

I don’t think it was Bush’s idea, more like Addington or Yoo or that Viet Dinh who was mastermind of the Patriot Act.