Effective Wall Street Adversary Spitzer Returns from Political Disgrace

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”. [br]

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”. [br]

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”. [br]

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 – [br]

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 😉 .