Ah ! We have a Heterosexual Governor, after all, unlike those across the bridge ...

Hey, that was our former governor, not our current one.

This is great. I hope this a@@hole gets what's coming.

This is great. I hope this a@@hole gets what's coming.

i feel bad for his wife and kids.

(did you see those prostitutes' hourly rates?)

Well according to this - he didn't go for the 7 stars... more like 4 stars... half the price of 7...

Taking money for a lifetime of sex is fine but paying for just one night of sex is illegal. I'd like someone to explain that one.

more bang for your buck

Normally I would say who cares?, but this guy was a self proclaimed crusader and ironically got caught with his pants down......
I hope it was worth it....

To add insult to (self)injury, the dog can't even seem to put together a decent apology. What a miserable piece of work.

To add insult to (self)injury, the dog can't even seem to put together a decent apology. What a miserable piece of work.

What's he supposed to say? And for all anyone knows, he had an arrangement with his wife. Again, why is this anyone's business?

Because he is a hypocrite and went to great lengths to ruthlessly bust people exactly like himself.....

Because he is a hypocrite and went to great lengths to ruthlessly bust people exactly like himself.....

To be fair. He couldn't say more than his lawyer would let him, no doubt.

should be interesting to see if this has any effect on the clinton campaign (aside from the obvious loss of a superdelegate if he resigns).

Does this qualify him to run for President?

Well according to this - he didn't go for the 7 stars... more like 4 stars... half the price of 7...

http://www.thesmokinggun.com/archive/years...82spitzer1.html

Is he linked to a "prostitution ring", or did he just have some good times with a lady one night?

um, i wasn't commenting on the effect to his wallet, but rather on the wages of those employed by that agency...



the former

um, i wasn't commenting on the effect to his wallet, but rather on the wages of those employed by that agency...

um, i wasn't commenting on the effect to his wallet, but rather on the wages of those employed by that agency...



the former

According to Yeshiva News-"New York State Governor Eliot Spitzer has just informed his most senior administration officials that he had been involved in an ”immoral, indecent business-ring"

Yeah, why did I bother going to law school, when I could have made that kind of money?

i was thinking today about the wrong profession that i chose

It's NEVER too late....

What's he supposed to say? And for all anyone knows, he had an arrangement with his wife. Again, why is this anyone's business?

i was thinking today about the wrong profession that i chose

PInchas' quote from NYT is very clear on being involved in the "prostitution ring"

In a interview two years ago, Spitzer, then-attorney general, told ABC News he had some advice for people who break the law. "Never talk when you can nod, and never nod when you can wink, and never write an e-mail because it's death. You're giving prosecutors all the evidence we need," he said.

It's NEVER too late....

But there might be a significant drop in pay as one gets older.

Horace Mann

You did recently say that you were shopping for boots.

I know. I just thought it was interesting how Yeshiva News deals with it. I'm sure Yated and Hamodia will say the same thing.

Spitzer's Sins in the Spotlight

Spitzer saw a ladder for his ambition in the open-ended law, which is particularly susceptible to prosecutorial abuse. Unlike the federal securities laws, the Martin Act has no requirement of an intent to defraud, no requirement that anyone relied on the alleged fraud, no requirement that anyone was injured by the fraud, and indeed no requirement that any securities transaction took place. The law affords the attorney general broad subpoena power and the capacity to apply enormous pressure on potential witnesses to “cooperate” while waiving their Fifth Amendment rights against self-incrimination.

As employed by Eliot Spitzer, the Martin Act gave vast powers to tax and to regulate national financial and commercial activity. Spitzer targeted investment banks for alleged conflicts between the companies’ stock analysts and banking divisions. Analysts’ sunny forecasts for now-busted tech companies, Spitzer’s office discovered, were influenced by the client and investment-banking relationships. Because the Martin Act afforded Spitzer the ability to take his investigation public, he went after Merrill Lynch and star analyst Henry Blodget on CNBC; the company’s stock price promptly tanked. Eventually, Spitzer took down over $1.4 billion in settlements from New York’s ten biggest investment firms.

Flush with this success, Spitzer went after the Big Apple’s big businesses with increasing relish. He targeted mutual funds for offering trading advantages to bigger clients. He went after insurance companies for paying brokers “contingent commissions” for bringing in a broader book of business. He charged record companies for paying radio stations to play more of their tunes. He sent threatening letters to mortgage lenders attacking them for setting rates too high for minority subprime lenders — a due diligence that, in hindsight, we may wish had been maintained.

In virtually every case, the public interest in Spitzer’s prosecution was tenuous at best.

<snip>

In some cases, however, Spitzer went after practices that were fully disclosed to sophisticated parties — such as the corporate clients who bought insurance contracts. And we’ll never really know if the alleged phantom-bidding scheme and other Spitzer crusades really warranted prosecution. The punishment that Spitzer could and did unilaterally inflict on corporate share prices through the media meant that the attorney general was able to extract settlements to his liking without ever going to trial.

<snip>

It's worth noting that Spitzer wielded the Martin Act with often shocking ruthlessness, typically targeting his political enemies. He reportedly threatened to indict insurance giant AIG unless the board removed chairman Maurice “Hank” Greenberg, who had spent his life building the company. In going after ###### Grasso for his New York Stock Exchange compensation plan that Spitzer deemed immoral, a Spitzer associate allegedly threatened to out the business leader’s extramarital affair — a delicious irony in light of the governor’s present predicament.

And Spitzer saw in the Martin Act the ability to generate carrots, as well as sticks. Spitzer strong-armed several of the corporations he had publicly targeted to seat his political allies on their boards. Included in many of the settlements he demanded were “slush funds” paid out to community groups and other potential supporters of the aspiring governor.

Spizer’s self-serving prosecutorial crusade has had real and deleterious economic effects — it’s far from a private matter.