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Even a reform-minded chancellor like Mr. Levy acknowledges that the board has not done everything it can to keep tabs on its free-flowing dollars.
And then there's the looming possibility of a US anti-trust investigation of Google, a scenario that Levy acknowledges isn't impossible.
Levy acknowledges that the encounter occurred, but insists it was consensual, and has counter-sued for defamation and extortion, and asked that his case be be tried in court by a jury.
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As one regulator acknowledges, the fines (like those levied in the broader Wall Street settlement in April) were based on no particular economic logic.
OFC acknowledges support from grant 3405-10-0137 funded under the GUDP program by the Danish Ministry of Food, Agriculture and Fisheries, the Milk Levy Fund, Viking Genetics and Nordic Cattle Genetic Evaluation.
Communications minister Lord Carter acknowledged that the levy would hit consumers in the pocket at a time when many households are feeling the pinch of the recession.
"People will levy personal attacks for mistakes we acknowledge.
Though the commission, which can levy fines for ethics breaches, cannot acknowledge a continuing investigation, a spokesman, Walter Ayres, said exceptions to the ban were few.
He also acknowledged concerns that proposed levies on risky bank practices could hurt profit.
Far more than any penalty that might be levied in the case, a statement acknowledging violations of securities laws would show that the S.E.C. has responded to the clamor for greater accountability on Wall Street.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com