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SEC IG To Probe Goldman Charges Timing

From CNN’s Money.Com:

SEC watchdog to probe Goldman charges

By Julianne Pepitone, staff reporter April 25, 2010

NEW YORK (CNNMoney.com) — The Securities and Exchange Commission’s internal watchdog said Sunday that he will launch an investigation into the SEC’s decision to pursue fraud charges against Goldman Sachs.

In a letter released by Rep. Darrell Issa, R-Calif., SEC Inspector General David Kotz said the probe will examine the "serious allegations" raised by several Republican congressmen regarding the probe.

"We will seek review of documentary evidence, including e-mails between and among the individuals who may have participated in or been aware of the timing of the SEC action brought against Goldman," Kotz wrote.

He also said he will interview current SEC employees, and will seek cooperation of individuals outside the commission.

Kotz said he will inform Issa when the probe is concluded.

Of course nothing will come of this.

But it’s a nice try on the part of Mr. Issa.

This article was posted by Steve on Monday, April 26th, 2010. Comments are currently closed.

3 Responses to “SEC IG To Probe Goldman Charges Timing”

  1. proreason says:

    The SEC initiated an investigation of market activity in Sept / Oct 2008 in Decemember of 2008.

    Shockingly, that investigation seems to have disappeared.

    Maybe porngate was more compelling than investigating the most important financial events since 1929.

    So, I’m with our esteemed host.

    We will probably hear occassionaly about this new investigation until financial “reform” is crammed down our throats. After which, the “investigation” will disappear from the face of the earth.

  2. NoNeoCommies says:

    I hope Mr. Issa and all of the Conservatives hold the Liberal’s feet to the fire on their obvious hypocrisy.
    They are demanding the Wall Street be as transparent as glass (with all the cost and labor involved) while they continue to hold closed door meetings in the non-stop effort to wrest complete control from the people.

    After all, they have nothing to fear if they have nothing to hide.
    Isn’t that pretty much Obama’s line?

  3. MinnesotaRush says:

    If this Inspector General is being legit and does perform, he’ll be looking for work by this afternoon and/or be deemed looney by the o-blah-blah team.

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