In other financial news, Politico is reporting Goldman Sachs has retained President Obama’s former White House counsel, Gregory Craig, for legal representation. Craig resigned from the Obama administration late last year. The news comes days after the Securities and Exchange Commission filed a civil suit accusing Goldman of securities fraud for selling a mortgage investment that was established to fail. The investment consisted of pools of risky mortgages that had been packaged together. The New York Times reports top Goldman executives, including chair and CEO Lloyd Craig Blankfein, were actively involved in overseeing the company’s mortgage unit.