Politicians buzz about timing of Goldman Sachs suit
http://www.politico.com/news/stories/0410/36075.htmlRep. Darrell Issa will send a letter to Securities and Exchange Commission Chairwoman Mary Schapiro today attempting to learn whether there was any coordination with Democrats on the timing of the agency’s complaint last week against Goldman Sachs.
- Rep. Darrell Issa will send a letter to Securities and Exchange Commission Chairwoman Mary Schapiro today attempting to learn whether there was any coordination with Democrats on the timing of the agency’s complaint last week against Goldman Sachs. AP
Issa’s letter will call on the SEC "to provide documents and information to assist this committee in determining whether, through any sort of prearrangement, coordination, or advance notice, the commission has assisted the White House, DNC or Congressional Democrats,” a committee aide told POLITICO. “This is just the first step in an inquiry that could eventually include calls for the issuance of a subpoena or even a forced Committee vote on a subpoena should Issa's call for answers go unaddressed.”
In a statement released Monday, Issa wrote: “It must be nice for Democrats that the SEC's filing against Goldman Sachs so conveniently fits into their political agenda,” referring to the administration’s drive to get a financial services regulatory reform bill through the Congress.
Also on Monday, White House press secretary Robert Gibbs rejected the idea of any synchronization between the SEC and White House. "The SEC doesn't notify the White House of its enforcement actions, and certainly didn't do so in this case," Gibbs said. “We play no role in what the SEC does. It's an independent agency."
But some in the political realm aren’t buying it, though none has presented any evidence to the contrary.
Former New York Gov. Eliot Spitzer told CNBC Monday that it’s “not a coincidence” the SEC filed their civil suit against Goldman Sachs precisely while Democrats are preparing to bring Wall Street reform to the Senate floor. “There’s no question the SEC is desperate to prove that it can enforce the law, desperate to bring in the great white whale,” said Spitzer, who prosecuted securities fraud as New York’s attorney general. “This was not a coincidence. There are no coincidences in this world. None.”