Goldman Sachs was again at the centre of controversy yesterday. Republicans have started an inverstigation as there have been reports that the Obama administration has colluded with Wall Street’s regulator over a decision to sue Goldman Sachs for fraud.
The Republicans want some proof that the SEC did not communicate properly with the White House.
Many on Wall Street feel that the anger about the Goldman lawsuit was timed so that the White House could force Republicans to work out a quick reform bill to prevent these kind of occurrences from happening again. We shall see what is revealed in the coming days.