SEC Requiring Companies To Destroy Themselves

This is almost beyond the scope of comprehension, but the fact is, it’s actually happening.

After all the lies, all the fraud, all the misdirection and the re-naming of this phony crisis, the racket that is climate change is not only alive, but on the attack. The SEC, a five member panel (you thought is was some vast bureaucracy?) voted 3-2 to require companies to disclose to investors potential risks due to climate change. Three Democrats outvoted two Republicans to require companies to actually make up scenarios that could potentially scare off investors. I was about to say you can’t make this stuff up, but apparently, the SEC feels that you can.

CalPers, the biggest union in California (union-California…go figure) sounded the alarm, and the nut jobs at the SEC heeded the call. Now companies will have to disclose whether various laws and treaties will affect their business, as well as the physical effects of climate change.

The regulator also told companies to consider the actual and potential physical impact of climate change. For instance, the SEC said an insurance company may consider whether there is a risk of increased insurance claims in coastal regions as a result of severe weather or changes in sea levels.

That’s right. Companies will literally have to make up phony scenarios that could have a devastating impact on investment. What is the logic? These companies, already struggling in this economy, will now have to destroy themselves by pushing a lie. How a company would come up with this kind of information is not clear, but the SEC is making damn sure they do it somehow.

We can see where this is heading. Remember when Barack Obama said he would drive the coal industry out of business? Imagine having the government telling them what to put in their annual reports. Either investors will ignore this obvious nonsense, or they will just move on to a less controversial company. Either way, including phony information in an annual report is not only illegal, but in this case potentially damaging. Another question is who is going to vet these reports? Who is going to give their approval? What happens if a company is deemed to not have included what the SEC deems mandatory information? Again, we’re heading down the road where the government will essentially be writing annual reports for companies. This is a disaster in the making, and should be front page news. After all, virtually all companies that issue stock will be affected by this decision.

Once again the question arises: Who will step up? Who will challenge this obvious fraudulent attempt to take over all major companies? You have to believe that most companies are balking at these types of regulations, and with McCain-Feingold now gutted, they can really throw some weight around-in an attempt to protect themselves from this Marxist contempt for capitalism.

It goes without saying that these clowns need to be opposed. The SEC has plenty of skeletons that cause alot of trouble for them. Just ask Timmy Geithner.