For us, the bottom line is his experience and his understanding of business issues.
This would open the floodgates to RICO being used in all garden-variety lawsuits against corporate defendants.
Particularly with securities class actions, he will not let class actions go forward lightly.
It's a big victory. One of the biggest.
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.
Private parties will be forced to pay for the cleanup of environmental damage caused by the federal government unless the courts step in.
This was an across the board chiding of the SEC.
