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They have lots of confidential information. Some examples: * Many agencies - for example, the IRS, Medicare, Social Security, FEMA, agencies that provide loans
by mmooss 2y ago
They have lots of confidential information. Some examples:
* Many agencies - for example, the IRS, Medicare, Social Security, FEMA, agencies that provide loans, or any other service - have lots of information on individual citizens.
* Many agencies have information or make decisions that would distort markets if leaked - it's release must be carefully managed - such as the departments of Treasury, Labor, Commerce; or the Federal Reserve.
* The Department of Justice has lots of information pertaining to lawsuits and investigations that must be kept secret.
etc.
- a12k 2y agoYet another example that I've dealt with from the outside: as part of regulated community, I must submit some trade secrets to the government for regulatory purposes. Those trade secrets are legally required to be kept secret by the government from disclosure. This regime allows the government to inspect things that involve trade secrets, and me from those trade secrets being disclosed to competitors.
- mmooss 2y agoNow Elon Musk and friends may have your trade secrets - they may have everyone's trade secrets.