The House Subcommittee on Economic Development, Public Buildings, and Emergency Management held a hearing in June on the Securities and Exchange Commission's recent lease of hundreds of thousands of square feet of office space and called on SEC General Counsel Mark Cahn to testify. Lest there be any confusion about where the lawmakers involved were headed with this hearing, they titled it “The Securities and Exchange Commission's $500 Million Fleecing of America.”
When the panel, chaired by Rep. Jeff Denham (R-Calif.), wasn't satisfied with Cahn's answers, members held a second hearing on the topic in July, and subpoenaed his boss, ...