Skip to comments.GOP seeks SEC records on Goldman [Issa implied that the timing was a bit too convenient.....]
Posted on 04/20/2010 2:36:05 PM PDT by Sub-Driver
GOP seeks SEC records on Goldman By: Mike Allen April 20, 2010 02:25 PM EDT
Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises serious questions about the commissions independence and impartiality.
Issas letter, addressed to SEC Chairwoman Mary Schapiro and signed by eight other House Republicans, asks whether the commission had any contact about the case, prior to its public release, with White House aides, Democratic Party committee officials, or members of Congress or their staff.
[W]e are concerned that politics have unduly influenced the decision and timing of the commissions controversial enforcement action against Goldman, Issa writes.
Issa implied that the timing was a bit too convenient, saying President Barack Obamas push on Wall Street reform neatly coincided with the commissions announcement of the suit.
The letter is also signed by Republican Reps. Jim Jordan of Ohio, Jason Chaffetz of Utah, Patrick McHenry of North Carolina, Dan Burton of Indiana, John Mica of Florida, Blaine Luetkemeyer of Missouri, Aaron Schock of Illinois and Anh Joseph Cao of Louisiana.
(Excerpt) Read more at politico.com ...
Oh there is more to it. The put options (betting the stock price would go down) soared just before the announcement. Someone knew it was coming and someone is VERY guilty of insider trading over it too. I wonder if the SEC will actually do anything.
I’ll bet there is a very large group of lower ranking employees who spend 24/7 shredding documents. I’m convinced this is the biggest bunch of crooks to ever occupy the white house. Chicago politics has taken over.
“The SEC charges against Goldman Sachs are a ruse, a ploy, and
a smokescreen to get the Dodd financial reform passed.”
- Zubi Diamond
The bill fails to hold the multibillion dollar hedge fund short sellers accountable for their illegal market manipulations.
No, it’s not a political stunt at all.
But we would like to remind you of the “Business Reform” Act hitting the floor of the Senate this week. :D
Filed this in Obama-nomics link-list
... along with many other Sachs related info such as ...
Is Goldman Obamas Enron? No, its worse
... nearly seven times as much as President Bush received from Enron ...
WILL OBAMA RETURN $994,795 IN GOLDMAN SACHS CAMPAIGN CONTRIBUTIONS?
Goldman Sachs: Summary (Goldman Gave Dems 75% Of Its Campaign Donations In The 2008 Election Cycle
[John Paulson in bed with Chucky Putzhead Schumer]
Timing of SECs Goldman Sachs Fraud Case Was No Coincidence
New York Post: Wall Street Suspects Goldman Charges Not Coincidental to Financial Reform Effort
Sweetness & Light: Rahm Emanuels Ties To Goldman Sachs
The shredders in Rahm’s office will be working overtime tonight.
Well, considering they have ignored prior investigation requests, I don’t think anything will come of this. Obama will do the usual, ignore it and not even bother to answer the request.
Take the Congress and Senate in 2010.
Open investigations on this “Regime” in 2011.
Impeach and dispose of him by 2012.
The “new” use for Regime Change.
Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises "serious questions about the commission's independence and impartiality."
Just a coincidence, rather like the EPA classifying CO2 a pollutant just before the Copenhagen global warming meeting.
And of course the biased media won't even mention it to the Obama regime.