This was an across the board chiding of the SEC.
This would open the floodgates to RICO being used in all garden-variety lawsuits against corporate defendants.
Private parties will be forced to pay for the cleanup of environmental damage caused by the federal government unless the courts step in.
For us, the bottom line is his experience and his understanding of business issues.
He has come down on a host of issues in a way that the business community would prefer. This is not a guy who is going to go off the reservation.
Particularly with securities class actions, he will not let class actions go forward lightly.