Republican strategy to fight financial firm reform becomes clearer

Obfuscate, obfuscate, obfuscate.

The SEC is occasionally accused of bending to political whims but maintains that it is an independent agency.

Sources familiar with the matter say the commission voted 3-2 to file suit against Goldman Sachs, split along party lines.

Schapiro sided with the two Democratic commissioners, Luis Aguilar and Elisse Walter, in deciding to file charges, these sources said. The two Republican commissioners, Troy Paredes and Kathleen Casey, dissented.

If it was up to the R’s on the commission, Goldman would have gotten away with it. If it’s left up to the R’s in Congress, they will again.

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