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Divided We Stand

Divided We Stand
New book about the 2020 election.

Thursday, April 22, 2010

Filling Gaps in the White House Website, Part 41

In an interview with CNBC's John Harwood, the president denied any link between the White House push for financial regulation and SEC action against Goldman Sachs:

Well, what I'd say is that I gave a speech about financial regulatory reform in 2007. Before our current crisis. In 2008, before we fully knew what this crisis was gonna be. We released financial-- reform-- as a package over a year ago. And so, we're not Johnny Come Lately's to this thing. We've been pushing this hard throughout. And the SEC is an entirely independent-- agency that-- we have no day to day control over. And they never discussed with us anything-- with respect to the charge that will be brought. So, this notion that somehow-- there would be any attempt to interfere in an independent agency is completely false.

JOHN HARWOOD: So, you say categorically no winks, no heads up in advance--

PRESIDENT OBAMA: Categorically.

JOHN HARWOOD:--no signal from anyone--

PRESIDENT OBAMA: Categorically. We-- we-- we found out about it on--CNBC.

Representative Darrell Issa (R-CA) isn't buying it.