Dick Durbin told reporters, The timing on the SEC Charges against Goldman Sachs was perfect.”
The charges against the banking giant come the same week that democrats hope to ram their Banking Bailout Bill through Congress this week.
Representative Darrell Issa (R-CA) demanded records from the Security and Exchange Commission hand over documents concerning the Goldman Sachs case. The GOP wants full disclosure from the SEC regarding collusion with the White House and The New York Times over the Goldman Sachs charges.
The Politico reported, via
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Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises “serious questions about the commission’s independence and impartiality.”
Issa’s letter, addressed to SEC Chairwoman Mary Schapiro and signed by eight other House Republicans, asks whether the commission had any contact about the case, prior to its public release, with White House aides, Democratic Party committee officials, or members of Congress or their staff.
“[W]e are concerned that politics have unduly influenced the decision and timing of the commission’s controversial enforcement action against Goldman,” Issa writes.
Issa implied that the timing was a bit too convenient, saying President Barack Obama’s push on Wall Street reform “neatly coincided with the commission’s announcement of the suit.”
The letter is also signed by Republican Reps. Jim Jordan of Ohio, Jason Chaffetz of Utah, Patrick McHenry of North Carolina, Dan Burton of Indiana, John Mica of Florida, Blaine Luetkemeyer of Missouri, Aaron Schock of Illinois and Anh “Joseph” Cao of Louisiana.
Goldman employees donated $1 million to Barack Obama’s campaign.