From the moment I first heard about the SEC’s 17-year history of document-shredding, I started wondering what defense the agency would eventually offer. For surely there had to be one; no great bureaucracy, public or private, just sits back and lazily accepts allegations of gross incompetence and/or corruption. There is always blowback, usually in the form of an outraged denial, and sometimes in the form of an attack upon the messenger, but always something. Read more in Roilling Stone here.
