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No matter how well intentioned Snowden's actions and there are many who see him as a hero by violating the norms of insider disclosure, he suffered a self-inflicted wound.
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At least one other website channeling purported insider disclosures on green issues, called EnviroLeaks.org, is also up and running, though much of its initial fare consisted of re-posting State Department cables already released by WikiLeaks.
You might think next year's report card grade will even go lower in light of this recent insider dealing disclosure, but for "Executive Accountability" O'Malley and Maryland were already getting an F. The governor just can't go any lower.
Unlike the insider-oriented disclosure and engagement strategy, divestment creates the potential to build a grassroots political movement to support climate action.
As Mark Roe of Harvard Law School puts it, "that which persists in Delaware is that which the federal authorities tolerate".Over the last century, the Feds have taken from Delaware its powers to police antitrust laws and the issuance of corporate securities (such as bonds and shares), and have made rules on disclosure, insider trading and director elections.
(See: White House shares the ACTA Internet text with 42 Washington insiders, under non disclosure agreements).
"They need to create an S.E.C. to force full disclosure, punish insider trading and manipulators".
Oddly, though the law requires prompt disclosure of insider sales, he neglected to inform the S.E.C. about this transaction until 34 weeks had passed.
ScienceInsider: What about full disclosure for all NIH grantees?
One of the problems is with disclosure of insider trading; contained in SEC forms 3, 4, 5 and 144.
The House bill is spot-on in its desire to speed the disclosure of insider activity to the SEC.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com