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Cummings And Defazio Say SEC Should Broaden Probe To Include Goldman-AIG Trades

By Implode-Explode Heavy Industries

"This day is just getting weirder by the minute, as the floodwall holding all the pent-up Goldman inquiries finally breaks. The latest comes from Hugh Son at Bloomberg who informs that Elijah Cummings and Peter Defazio now insist that the SEC should "widen its probe to determine whether securities backed by bailed-out insurer American International Group Inc. were improperly created." "

Full post as published by Mortgage Lender Implode-o-Meter on April 19, 2010 (boomark / email).