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
, dated May 5, 2006, that was opaque to the untrained eye
You can't write anything honest, only fairy tales."
"This administration," Bob Graham, the former Senator and chairman of the Senate Intelligence Committee, told me, "does not seek the truth as a basis for its judgments, but tries to use intelligence to validate judgments it has already made
"I spent 30 years at the CIA," said one former official, "and no one was ever interested in knowing whether I was a Republican or a Democrat. That changed with this administration. Now you have loyalty tests."