Effective Wall Street Adversary Spitzer Returns from Political Disgrace

By: EW News Desk Team   Date: 11 April 2010

About The Author

EW News Desk Team

Always on the look out for the latest news to monitor the state of the world economy.

EconomyWatch, News Desk Team

 

  • Dot Div
  •      
11 April 2010

In March 2008, New York governor Eliot Spitzer - the most effective regulatory adversary of Wall Street since the New Deal -

resigned suddenly from office when it was discovered he had been a regular user of high-end "escort services".

In March 2008, New York governor Eliot Spitzer - the most effective regulatory adversary of Wall Street since the New Deal -

resigned suddenly from office when it was discovered he had been a regular user of high-end "escort services".

But Wall Street's cheers were short-lived, as about a week later, Bear Stearns collapsed,

beginning the series of events that would culminate six months later in the Lehman Bros and Black September.

Coincidence ;-) ???

Whatever the causal relationship, if any, between the sex scandal - Spitzer was stupid enough to pay by credit card -

and the global disaster occasioned by the triumph of his antagonists on Wall Street -

which has now thrown most of the world except Asia, whose escape may or may not last, into deep recession -

because of the general media IN-ability to explain the global financial and economic mess,

Spitzer has now managed to pull off a stunning comeback into respectability,

now making regular media appearances critically analyzing the Wall Street-created disaster for an increasingly accepting public and elite.

Check out this fascinating story in the New York Times ;-) .

 


  • Dot Div
  •      

Most Popular in World Economy

Related Links
blog comments powered by Disqus