Last night CNN had a story about the recent Goldman Sachs lawsuit. The SEC is alleging that Goldman mislead investors in a complex real estate backed securities transaction. From the facts released to date, it is not yet clear to me that Goldman did anything wrong. That's not the story.
The Obama campaign's prowess in using social media and the Internet is well documented. CNN showed that if you Google "Goldman Sachs SEC" the results show a paid link to www.BarackObama.com for "Help Change Wall Street". (Search results below.) Clicking through on the link brings one to an Obama donation request page.
For the President to fund raise off of a federal government initiated lawsuit by an agency under his control is at a minimum poor judgment, potentially an abuse of power and perhaps cause for a congressional investigation. If the constitutional scholars in the Obama campaign were to argue that legally the SEC is not under the control of the President, I would point out that the "appearance of impropriety" is an issue to also consider.
These events could herald in a new field of law wherein the government abuses it power through the use of the Internet. Beware.
