Grasso Case Isn't About Reversing or Settling

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Sometimes there is only one side of the trade. Thursday, New York Attorney General Eliot Spitzer, my friend and a former hedge fund partner, was on the winning side. He won huge against Dick Grasso in New York Supreme Court in front of one of the most rigorous and respected jurists we have, Justice Charles Ramos. There have been reports that, post the ruling, Dick Grasso will not settle with Spitzer's office.

This is a laughable presumption. He won't settle because Eliot Spitzer doesn't want to settle. Dick Grasso could say he wants to settle and that wouldn't matter. I think that if Dick Grasso were to agree with everything Spitzer wanted, Spitzer still wouldn't settle. ...