Is Politics Behind the SEC's timing in charging Goldman Sachs?

     Some on Wall St. and some Republicans are saying that the SEC bringing charges against Goldman Sachs now is pure "political theatre" and is designed to help push through financial reform legislation that the Obama administration wants.

     The Obama administration denies it.

     Goldman Sachs was the largest corporate contributor to President Obama's campaign for the Presidency in 2008.  Here are a couple ways to look at what is happening:

  1. Despite the recommendation of the SEC investigator, the SEC decides not to prosecute, and therefore the Obama administration looks like it is siding with a large contributor.

  2. The Obama administration is not bought, and is willing to bring charges against its largest contributors (for justice, or for political advantage, I can not say.)

1 comment:

Red said...

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