Spitzer obviously hopes to bring about a domino effect,.. He puts himself in a good position to arrange for that.
Christopher Bebel
The government would rather buy time and not put itself in a position to move forward on a criminal case but tie up the funds and continue to sift through the evidence.
government time forward criminal evidence
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
potential water forward
good hopes effect
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.
matter result
The government will be marshaling its efforts in the coming weeks to bolster its case against Lay, but it will be a tough task.
government
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