[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6072]
[From the U.S. Government Publishing Office, www.gpo.gov]




              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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