Don't Trust, Verify
Submitted By Todd on April 20th at 4:15pm
As context to this story, I'd like to remind you of my operating theory. Nothing Democrats say or do can be trusted.It seems as if within minutes of the SEC filing suit against Goldman Sachs, the media was reporting that this news would destroy resistance in congress to the financial reform bill.
"The timing of the SEC's filing of a civil securities fraud action against Goldman Sachs has created serious questions about the commission's independence and impartiality," said Darrell Issa, the top Republican on the House Oversight Committee, in a letter to the SEC on Tuesday.The transparent White House is not trusted for transparency on such matters. Denials read like admissions to those Americans who view the regime with appropriate cynicism.
SEC Chairman Mary Schapiro told reporters on Tuesday that the agency's decision to charge Goldman was "absolutely not" politically motivated. The SEC is occasionally accused of bending to political whims but maintains that it is an independent agency.Occasionally accused of bending to political whims? Odd.
A new White House ad that pops up on Google searches for "Goldman Sachs SEC" features a plea by President Obama for financial reform, and is creating its own controversy. The ad is triggering praise as a smart bit of cyber marketing, but is also being cited as possible evidence of White House pressure in a financial investigation. The first result for a search of the terms "Goldman Sachs SEC" brings users to a sponsored link titled "Help Change Wall Street." Clicking the link takes users to a page on barackobama.com, featuring a photo of the president accompanied by a quote about Wall Street reform and a prompt to register with the site.Could it be that the White House is coordinating with the SEC and Google?