Wall Street Journal — The SEC’s Impeccable Timing
Examiner colleague Susan Ferrechio tells us that two things have opened the door to a bipartisan compromise on financial regulatory reform. First, the White House has agreed to accede to some Republican demands. Second, Democrats have been pushing hard on the narrative that the party is really getting tough on its friends on Wall Street. The party is heralding as evidence of its new convictions the SEC’s decision to sue Goldman Sachs for allegedly failing to disclose hedge funder John Paulson’s role in designing a new mortgage-backed security that he was betting against.
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