Republican Darrell Issa, one of the richest members of Congress and new chair of the House Govt Oversight Committee, who recently conducted hearings on the SEC investigation of Goldman Sachs (the investigation that resulted in one of the largest fines in history - $550 million), claiming that the SEC was politically motivated. Not to mention numerous shady land deals that may have benefited from legislation.
Could this explain it, in part:
Quote:
CREW would like Issa to explain some of his investments in Goldman Sachs; by the end of 2009, Issa had between $5.1 million and $15.5 million invested in the embattled financial giant’s High Yield Fund. After the Securities and Exchange Commission filed a fraud lawsuit against Goldman Sachs in April 2010, Issa launched an investigation, alleging that the SEC may have timed the lawsuit to bolster the Democrats’ push for financial reform.
Issa issues
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Its one thing to take campaign funds from Goldman Sachs - both parties are guilty. Its something else when you own $millions in Goldman Sachs funds and chair the House Govt Affairs Oversight Committee.