The Securities and Exchange Commission’s (SEC) investigative office said Sunday it had begun an investigation into whether charges against Goldman Sachs were politically timed.
Rep. Issa has been calling for an investigation
SEC Inspector General H. David Kotz wrote Rep. Darrell Issa (R-Calif.) on Sunday to notify the lawmaker that he had opened an investigation, at the congressman’s request, into whether the commission’s civil charges against the Wall Street giant were coordinated in order to boost the case for the Wall Street reform legislation before Congress.
“At your request, we have opened an investigation into the serious allegations that you describe in your letter,” Kotz wrote to Issa, the top GOP member of the House Oversight and Government Reform Committee.
Kotz said he would seek any documents relevant to the investigation, and would conduct interviews “of all persons with potential knowledge of the facts and circumstances regarding this matter, including those outside of the SEC.”
Read More: By Michael O’Brien, The Hill
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The Obama-Socialist termites have infested all our institutions!
Great??? we know there is a problem with Goldman-Sachs. Numerous leaked memos WRT to bailout money and misuse and what do they investigate. The one guy in congress that has the guts to investigate this.
The problem and sequence of events is that Goldman Sachs used the bailout money to make profit at the same time it was advising clients to do the opposite. That is the problem and the reason why there is a political furor over their behaviour. Issa doing an investigation is after the fact and should be done. If he is serving his voteres who are upset that is what he is supposed to do.
Kotz, go investigate yourself, you fraud.
I certainly hope that Congressman Issa also insists on a thorough investigation into the porn viewing by SEC staff members…whose outrageous salaries were being paid by YOU & ME while they were 'fiddling while Rome was burning'!!!! Imagine if any one of them had taken their job responsibly and might have uncovered the Madoff scheme…or the many other instances of malpractice in the financial industry.
Hmmm a new question comes to mind…is the SEC responsible (oops, there's that word again) for overseeing the operations of Fannie Mae & Freddie Mac???
How about when the congressman who was over the financial committee was having an affair with the top officer of one of those institutions WHILE both were making decisions that led to the DESTRUCTION of our economy???
And where is the Ethics Committee finding on the above matter as well as the senator who was making decisions on finance while receiving excessive campaign donations from both Fannie and Freddie? Come to think about it, it seems the current president, though a senator for just a short time, was the SECOND leading recipient of $$ from Fannie Mae & Freddie Mac!!!
WHY ARE OUR TAX DOLLARS BEING SPENT BY FANNIE MAE & FREDDIE MAC TO DO ANYTHING OTHER THAN RUN THEIR ORGANIZATION? There should be NO NO NO NO funds distributed for political purposes! Our country is so run amuck that I fear it will never be able to dig itself out of the cesspool that Washington DC has become!
Congressman Issa, please accept my sincere gratitude for your continuing efforts to help our country find its way back to honor. It is a LONG road ahead but I THANK YOU!!!!