the concept of a 'show trial' is well known. however, grand standing ny state attorney general-turned gubernatorial candidate eliot spitzer has invented the 'show settlement'.
a 'show settlement' involves finding an obvious and deplorable target, going after them in a very public manner, then coming up with a lame toothless resolution, all while having a breathless media praising non-stop.
sometimes it works....sometimes it doesn't....
the much publicized wall street research settlement didn't work [bugmenot login]. people aren't really seeing the independent research, partially because they don't know about it. further, improvement in research has gotten much better in terms of independence (negative outlooks) or performance, which is the most important measure of all.
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