Bloomberg writes that the SEC “censored” its inspector general’s report on the agency’s failures in regulating Bear Stearns. Senator Chuck Grassley got hold of the unedited version of the report and posted it.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at Follow him on Twitter at @ryanchittum.