Paul Hastings' Kaplan on financial reform's Goldman bump

Congressional hearings into the activities of Goldman Sachs Group Inc. (NYSE:GS) came at a fortuitous time for proponents of financial reform. Testimony from Lloyd Blankfein and company on Capitol Hill coincided with the debate about financial reform in the Senate. Efforts to combine the House and Senate bills, however, is happening in a less heated environment, says Paul, Hastings, Janofsky & Walker LLP's Lawrence Kaplan, and should result in a toned-down final version. - Suzanne Stevens