*News Update from Citizens For Legitimate Government* 22 May 2009 *http://www.legitgov.org/* All items are here: *http://www.legitgov.org/#breaking_news* *'The executive branch will construe this subsection of the bill not to abrogate any constitutional privilege.' **Obama Issues Signing Statement After Creating Financial Investigative Panel* <http://thecaucus.blogs.nytimes.com/2009/05/20/obama-signs-financial-bill-creating-investigative-panel/>* *20 May 2009 President Obama on Wednesday signed legislation aimed at curbing financial fraud in the mortgage and other industries, including a provision that created an independent panel to investigate the root causes of the nation's economic downturn. This one would have subpoena power; its work would be independent of Congress. *But after signing the bill, the White House issued what is called a signing statement by Mr. Obama*, which includes this advisory to agencies about the financial panel's potential reach... *In other words, the president is reserving the right to claim executive privilege* if the commission seeks information or documents that the White House considers to be beyond the bounds of public information and/or privileged communications and negotiations within the executive branch.
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