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“LETTER TO THE SEC RE: GOLDMAN SACHS AND AIG” mentioning the U.S. Dept. of Justice was published in the House of Representatives section on pages H2804 on April 22, 2010.
The publication is reproduced in full below:
LETTER TO THE SEC RE: GOLDMAN SACHS AND AIG
(Mr. CUMMINGS asked and was given permission to address the House for 1 minute.)
Mr. CUMMINGS. Mr. Speaker, I rise to ask the Securities and Exchange Commission to do their job. The letter Mr. DeFazio and I wrote to the SEC asks for nothing more and nothing less. The SEC has sued Goldman Sachs for potential fraud. Rather than jumping to the conclusion that there was no fraud or simply convicting Goldman Sachs in the court of public opinion, Mr. DeFazio and our 36 cosigners and I call for an expanded investigation by the SEC. Should fraud be found, we ask that any taxpayer money paid by AIG and obtained through fraudulent transactions be recovered.
Finally, we are asking that evidence of criminal wrongdoing be turned over to the Justice Department. The SEC must be serious about reining in companies who ignore our laws. I am committed to this cause, Mr. DeFazio is committed to this cause, and our 36 cosponsors are committed to this cause.
I invite all of my colleagues to sign onto the letter and join us.
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