Lucien Bebchuk: Settling for Less. Regarding deal struck with Wall Street investment firms for misleading consumers: "It might be more accurate to regard the settlement, announced by federal, state and industry regulators, as a slap on the wrist. By any standard measure — its punitive value, its deterrence effect or the extent to which it will bring about structural change on Wall Street — the settlement is rather modest." We could and should have done more here.