The Securities and Exchange Commission's (SEC) investigative office said Sunday it had begun an investigation into whether charges against Goldman Sachs were politically timed.SEC Inspector General H. David Kotz wrote Rep. Darrell Issa (R-Calif.) on Sunday to notify the lawmaker that he had opened an investigation, at the congressman's request, into whether the commission's civil charges against the Wall Street giant were coordinated in order to boost the case for the Wall Street reform legislation before Congress.
The timing of the investigation has always been curious. Just as curious, the decision to investigate was decided along party lines. The three Democrats voted to formally charge Goldman Sachs while the two Republicans voted against it. Now that these charges are being investigated formally, if there is any truth to them the Obama administration is in serious trouble.