We have suggested there might be some sort of global settlement to the CDO abuse probe that as of yet has produced no criminal charges. We indicated it might be similar to the settlement of the tainted stock research scandal that so many banks agreed to years ago. So, when news hit that the SEC, after conducting a major investigation of many firms, has entered negotiations to settle with the banks collectively, it just might be a sign that the end is near.

It does not look like the SEC will lob charges against any bank other than the already settled CDO case against Goldman Sachs. Fabrice Tourre might end up being the only executive charged in the CDO "scandals." You also get the feeling that the Justice Department isn't going to bring charges against any bank or individual. This will no doubt disappoint some.

Recall Goldman Sachs paid $550 million to settle the CDO case. It's unclear how much others will pay. But they likely will come to terms. There may also be some internal procedural changes demanded, aimed at creating rules that might require more disclosure to investors and the like. For bank executives, this is good news, provided the talks don't fall apart.

For more:
- here's a Huffington Post item

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