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The result was a weak settlement with the federal government, which ends next year.
Mr. Spitzer accused the S.E.C. of reaching a weak settlement with Putnam Investments, the giant company whose fund managers had reaped profits for themselves and hurt investors with personal trading.
However, as Stephen Burd recently reported, a previous effort by the California attorney general's office, under then-AG Jerry Brown, to curb abuses by Corinthian resulted in a weak settlement, and political friendships may have played a role.
I also can't imagine AGs like Eric Schneiderman and Kamala Harris, who have built their political brand and base dramatically by standing up against a weak settlement, agreeing at this late date to something bad.
I don't know all the legal ins and outs of this, but I do know politics, and a weak settlement at this point doesn't make any sense to me.
For example, it was Baldwin who took the lead in sponsoring a resolution in the House arguing against a weak settlement with the big banks on robo-signing fraud at a time when the issue was hardly on the radar screen for most members of Congress.
Similar(53)
We speculate that dispersed patches may comprise a lower quality habitat, and/or provide a weaker settlement trigger for both physical and biological reasons.
That undermined the government's negotiating strength, antismoking advocates say, paving the way for a potentially weak settlement.
No, the real reason the O.C.C. raced to come up with its weak settlement proposal is that last month, a document surfaced that contained a rather different set of terms with the banks.
Nevertheless, the formation of Cr(OH 3 with gel properties has weak settlement performance, making it necessary to add a coagulant aid to reduce the settling time and improve the settling effect.
(The story also describes, in damning detail, the pathetically weak settlement recently negotiated – if you can call it that – by the Office of the Comptroller of the Currency, the nation's top bank regulator. But let's leave that for another day).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com