Tags: obama | sec | goldman | advance

Obama 'Categorically' Denies Involvement in SEC Case Against Goldman

Wednesday, 21 Apr 2010 03:21 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama on Wednesday said "categorically" that the Securities and Exchange Commission never discussed fraud charges against Goldman Sachs with the White House in advance.

"They've never discussed with us anything with respect to the charges that will be brought," Obama said in an interview with CNBC.

The U.S. Securities and Exchange Commission has accused Goldman Sachs of fraud in the structuring and marketing of a debt product tied to subprime mortgages.

Some observers and pundits have questioned the timing of the government’s action against Goldman and whether the administration was involved, CNBC reported.

Obama said the SEC is a completely independent agency and there was no communication between the agency and the White House about the charges against Goldman.

"We are not Johnny-come-latelies to this issue," said Obama. He said he has been pushing for financial reform for the past three years.

"We found out about it (the SEC action) on CNBC," said Obama.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Chicken Pox Outbreak Locks Down Immigrant Facility

Thursday, 31 Jul 2014 12:26 PM

An outbreak of chicken pox has slapped a quarantine lockdown on a New Mexico detention facility housing 500 illegal immi . . .

Most Illegal Border Kids Relocated to Texas

Thursday, 31 Jul 2014 11:00 AM

Federal officials have placed more unaccompanied minors from Central America in Texas than any other state, according to . . .

Sudan Woman Who Faced Death over Faith Heads to US

Thursday, 31 Jul 2014 09:54 AM

A Sudanese woman who refused to recant her Christian faith in the face of a death sentence is heading to the United Stat . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved