More on Verizon-NSA

Think Progress has been tracking this story. They suggest that under a recently-issued Presidental memorandum DNI John Negreponte, Verizon may now be authorized to deny everything, regardless of their actual relationship to the NSA:

Ordinarily, a company that conceals their transactions and activities from the public would violate securities law. But an presidential memorandum signed by the President on May 5 allows the Director of National Intelligence, John Negroponte, to authorize a company to conceal activities related to national security. (See 15 U.S.C. 78m(b)(3)(A))