According to some in the press, the settlement with Goldman was a major victory for the SEC. Initial stories would have you believe that the government ground Goldman to its knees. Almost a blockbuster summer movie.
When was the last time a Las Vegas casino was bailed out by the US taxpayer? That's why Wall Street is so concerned about the the public's hatred of Goldman spilling over to force lawmakers to consider some drastic reforms.
Isn't it amazing how these powerful CEOs, who are paid tens of millions of dollars to know every detail about their company, act as if they just fell off the back of a turnip truck when they come to Congress?