Clean Teams?????

McKinsey Quarterly recent electronic edition covers a topic entitled clean teams. Companies considering a merger do not want to disclose certain competitive issues; requiring clean teams to scrub information and data; ensuring mission critical nuggets are not released.
If merger discussions progress sufficiently everyone needs to lift up their skirts. This ensures that adequate due diligence actually occurs. So the concept of a clean team achieves what? More professional fees in an fee frenzy environment.
I just do not feel safer if a clean team was at work. Sounds too much like specialist cleaners working for the CIA.
I would rather see regulatory agencies adjucating right on the spot, much like referrees in a sporting event. That would keep both sides honest.
If you trick the regulator you go to jail for fraud. Rather simple.