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SEC's probe cost Boehner office $110K

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maddezmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 10:58 AM
Original message
SEC's probe cost Boehner office $110K
Source: The Hill

December 13, 2007
House Minority Leader John Boehner (R-Ohio) spent more than $110,000 in legal fees this year to deal with a Securities Exchange Commission investigation of possible insider trading at student lender Sallie Mae.

Four staffers interviewed by SEC investigators were later issued clearance letters indicating no action would be taken against them, but the investigation is ongoing and the link to Boehner could highlight his political ties to the now-scandal-tarred student loan industry.

The SEC contacted the leaders office for information and assistance, which we provided in a complete, thorough and timely fashion earlier this year, Boehner spokesman Brian Kennedy said in response to a request for comment.

The SEC is investigating whether Sallie Mae Chairman Al Lord had inside information about President Bushs budget proposal, which when it was released in February proposed cuts in subsidies for student loan companies.





Read more: http://thehill.com/leading-the-news/secs-probe-cost-boe...
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mod mom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 11:01 AM
Response to Original message
1. I should would like to see this guy de-throned!
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TomInTib Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 01:01 PM
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2. And Baker Botts thrusts its hand into the muck and snatches $110K.
Just trying to protect those poor students.

"concerned that the budget bill pending before Congress would threaten the student loan program and harm students,


Suuuuuurre....
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 01:25 PM
Response to Original message
3. If all the SEC wanted was some information and assistance
Edited on Fri Dec-14-07 01:25 PM by Bandit
and Boehner's office provided everything in a complete and timely manner why would there need to be so much spent on Lawyers? Another Republican answer that makes one's eyes roll :crazy:
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Endangered Specie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-15-07 01:06 AM
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4. Boehner got Boned.
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Pastiche423 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-15-07 01:31 AM
Response to Reply #4
5. He deserves to get boned
(Not the fun kind) for what he's done to Rep. Jim McDermott.
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