On the recordMay 3, 2010
did they have a fiduciary duty to act in the best interests of their clients.
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congress.govdid they have a fiduciary duty to act in the best interests of their clients.
Susan Collins questioned Goldman executives about their fiduciary duty to clients.
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I was disappointed more than surprised, because it clearly is an end-run around Congress.
Given that this package was sent to Congress very close to the end of the fiscal year when the funds are scheduled to expire, this is an apparent attempt to rescind appropriated funds without congressional approval.
Any effort to rescind appropriated funds without congressional approval is a clear violation of the law.