(Bloomberg) -- A trial attorney from the SEC said his bosses were too tentative and fearful to bring many Wall Streetleaders to heel after the 2008 credit crisis, echoing the regulators outside critics.
James Kidney, who joined the SEC in 1986 and retired this month, offered the critique in a speech at his goodbye party. His remarks hit home with many in the crowd of SEC lawyers and alumni thanks to a part of his resume not publicly known: He had campaigned internally to bring charges against more executives in the agencys 2010 case against Goldman Sachs Group.
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