No, it doesn't solve all the deep-seated problems in our financial/political system. But it's still good news, because: - Court cases tend to make public previ

No, it doesn't solve all the deep-seated problems in our financial/political system. But it's still good news, because: - Court cases tend to make public previously secret information. Witness the recent publicity of banks under-reporting their debt levels. That pretty much came out of the Lehman bankruptcy proceedings. Lehman's accounting tricks came out in court, and people started wondering if other banks were still doing it. - It keeps the issue in the spotlight so that politicians feel pressure to do something about it. Perhaps this will help strengthen the Senate's reform bill. - The SEC is finally doing its job again! It's a small step, yes, but it's a start. Go Schapiro!