kill cactus! A Bay Area Student's Blog

Observation and analysis from a UC Santa Cruz student.

GOP says timing of SEC’s lawsuit on Goldman Sachs proves political agenda

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A response to this article from Fox:

I haven’t read the lawsuit. I don’t know what its aims are. But would it be too extreme to guess the lawsuit came up around now because of how obvious Goldman Sachs’ abuses became a few months ago?

SEC Logo

But then again, as an impartial regulator the SEC shouldn’t have waited until right before regulation is being considered to highlight the abuses in a high profile lawsuit. That would be getting the public aware of the regulations. Or was the timing to gain public attention of the litigation? Maybe they just want to kick GS’s ass like it deserves and now is the time to do it.

Written by Prescott

May 16, 2010 at 1:46 am

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