No attorney likes losing a high-profile case, particularly when he is the government's top lawyer. But if Solicitor General Seth P. Waxman is bitterly disappointed over his Supreme Court loss in the credit union case, he's hiding it beneath a veneer of professional distance.

"In the Supreme Court's view, we were wrong," Mr. Waxman told a group hosted by the Bankers Roundtable and the Support Group for Modern Banking on March 4.

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