“Disclosure rules missed governor deal”

The Sacramento Bee offers this report, which begins: “When revealing details of their finances to comply with the state’s conflict of interest disclosure laws, California officials fill out forms that are much like erotica from the early 1900s: They bare a bit of their personal financial flesh, but much is left to the imagination. The adequacy of the law and the disclosure forms have come under scrutiny since details of Gov. Arnold Schwarzenegger’s $5 million magazine deal were revealed this month in an obscure and much later securities filing, but not on his own disclosure form.”

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