Note on the whole ‘Obama is getting tough on Goldman/Wall St.’ storyline

Mike Riggs Contributor

“It’s not true,” writes Gautham Nagesh in an email. “Or at least not until they pass financial regulatory reform. The Administration has no involvement in SEC enforcement cases whatsoever.”

In other words, the SEC is doing what the SEC does, and it just so happens that the commission finished its 2 1/2 year investigation around the same time that the Senate is nearing the finish line on financial regulatory reform.