Obama: SEC did not discuss Goldman charges with White House beforehand Goldman Sachs Group, Inc.
By Frank Ahrens
The SEC "categorically" did not discuss its pending fraud charges against Wall Street megabank Goldman Sachs and one of its executives with the White House before they were announced, President Obama said in a CNBC interview moments ago.
Many Republicans and those on Wall Street found the timing of the charges -- announced during the middle of the trading day last Friday, just as tough financial regulatory reform backed by Democrats sits on Capitol Hill -- suspicious at best.
But Obama denied there was any collusion or cooperation between the administration and the SEC, which is meant to operate as an independent agency.
"They've never discussed with us anything with respect to the charges that will be brought," Obama said in an interview with CNBC's John Harwood.
Web Politics Editor
April 21, 2010; 3:33 PM ET
Categories: 44 The Obama Presidency , Economy
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