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April 21, 2010


Obama Denies Knowledge of SEC Lawsuit

President Obama denied "categorically" any political involvement or advance knowledge of the federal fraud case against Goldman Sachs, the New York Times reports.

"The accusations lodged against the Wall Street giant came right as the White House was pressing forward in its drive to pass new regulations on financial firms. The timing, and the party-line 3 to 2 vote by the Securities and Exchange Commission approving the lawsuit, have stoked suspicions of political manipulation."












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