Wednesday, October 13, 2010

So Who Gets to Investigate the SEC Watchdog?

The watchdog of the Securities and Exchange Commission has found no hard evidence that the SEC timed the announcement of its fraud case against Goldman Sachs to eclipse negative news about a separate case.

Inspector General David Kotz's report says that the SEC managed the Goldman case  to maximize positive press coverage. according to Kotz's report, the agency didn't want a congressional panel to break the news first.
Duh. So the key would be to find out who got the information to the congressional panel so that in the SEC's eyes it forced them to break the news at a time that was very beneficial to the Administration.
Klotz gets a D minus for this report.

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