One popular piece of accepted wisdom on the Street is that the S.E.C.
charges against Goldman represent a hardball negotiating tactic as the
Obama administration pushes to try to overhaul of the nation’s financial
regulatory system. The Journal’s Heard on the Street writer David Reilly
writes Monday:
The stage is now set for a final battle over financial-overhaul
legislation. Republicans on Friday said they had enough votes to impede
the legislation in the Senate. President Barack Obama countere
