Following the event of last week when the United States Securities Regulatory Exchange Commission (SEC) prosecuted Goldman Sachs’ suspicion of consumer fraud, Goldman Sachs quickly responded the query and criticized the SEC for its political purposes. Involved in a hedge fund, Paulson fund also quickly distance themselves from stakeholders. Even President Barack Obama has been suspected of using the case of Goldman Sachs to perform the financial reform. Obama said that he had never any discussion with the SEC before its public prosecution of investment banking giant Goldman Sachs. He himself heard of the news that Goldman Sachs was charged with the incident from the TV as well.
As for the thing that during the campaign, the Goldman Sachs granted contributions of one million U.S. dollars, Obama said in an interview that these contributions would not have any financial impact on institutional reform.
Obama stressed: "Many of those granted contributions during the election campaign understand my advocate for promoting the reform of Wall Street. They should not be surprised with my promoting this reform today." The outside is concerned for Goldman Sachs hiring former counsel of White House Craig as their counsel will have a disadvantageous impact on the case. Obama emphasized in this matter Craig would not have any impact on the White House.
In contrast, in fear of being involved, many related figures are eager to distance themselves from the relationship with Goldman Sachs. Involving Goldman Sachs fraud hedge fund, Paulson comfort investors that in this case of fraud Goldman Sachs has no fault. But the German government official also said that during the period of Goldman Sachs receiving the fraud investigation, the German government wants to temporarily suspend cooperation of exchanges with Goldman Sachs. Once SEC allegations of fraud against Goldman Sachs establish, the German government will consider suspending cooperation with Goldman Sachs.