July 20, 2010

SEC's Fishy Deal With Goldman

Washington Examiner, Washington Examiner


AP Photo

It seemed a little odd last week when the Securities and Exchange Commission settled its lawsuit against Goldman Sachs within two hours of Senate passage of the Democrats' Dodd-Frank financial reform bill. After all, who could ask for a more perfect backdrop than a successful prosecution of the investment colossus of Wall Street and a prime mover in the economic crisis of 2008? But this one looks stranger still considering that the SEC action was announced on April 15 of this year, only a week before the legislation was brought before the Senate, thus neatly bookending debate on the proposal. And it gets even stranger. On the same April 15, President Obama's campaign organization, Organizing for America, purchased a Google ad directing people who Googled "Goldman Sachs SEC"...

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Related Topics: Goldman Sachs, Obama administration, Securities and Exchange Commission, financial reform

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