What they are doing is putting their best foot forward and trying to convince the SEC that some of the potential allegations don't hold water.

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What is probably happening is they are trying to seek disgorgement of profits and assess a civil penalty she deems unreasonable. As a result, she has backed off from any inclination to put this SEC matter behind her.

194

Spitzer obviously hopes to bring about a domino effect, ... He puts himself in a good position to arrange for that.

122

The government will be marshaling its efforts in the coming weeks to bolster its case against Lay, but it will be a tough task.

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