Obama Denies Goldman Case Was Timed to Regulation Bill, Distances White House From SEC


Contrary to the claims of some people (Rep. Darryl Issa) the SEC’s filing of civil-fraud charges against Goldman Sachs and the White House’s push for financial reform was not a planned “let’s wear the same outfit on the same day” type of event, the president said today, but merely a happy coincidence. In fact, he had no idea what those folks over at the independent SEC were doing until he saw it on TV. “We found out about it (the SEC action) on CNBC,” he told the network. [CNBC]