Spitzer stood up to Wall St. piggery (BaltSun)

[struggle4progress]

Jay Hancock
March 12, 2008

... It was Spitzer who showed that analysts were recommending stocks they knew were terrible so investment-banking colleagues could land the companies' business ...

It was Spitzer who found corruption in the mutual-fund business, used by more investors than any other vehicle for stock investments. Strong Capital, Janus and other companies allowed wealthy investors to rapidly move money in and out of mutual funds. This privilege was denied to regular investors and cost them money as transaction costs rose.

Bank of America and other companies went one better for hedge funds and other rich clients: According to regulators, they essentially allowed trades today at yesterday's price -- every investor's dream. That, too, hurt regular investors. That, too, would never have come to light if not for Spitzer ...

After it became known that Grasso would pocket deferred compensation of about $140 million, Spitzer sued to recover much of the money. Grasso's pay was excessive because the exchange was a nonprofit corporation, Spitzer alleged. One year, Grasso's pay was nearly equal to the exchange's net income ...

http://www.baltimoresun.com/bal-bz.hancock12mar12,0,2362443.column

[acmavm]

1. Spitzer did some REALLY great things. Spitzer took on a lot of corrupt

bastards.

Then Spitzer started to think he was Superman.

Hubris comes before the fall.

[yurbud]

2. this is what he should be remembered for

[IronLionZion]

3. Yet, he is still human, and like to have hot sex.

Damn these bastards for forcing a great leader to resign. Think of JFK and Clinton. Yes, it's morally wrong to cheat on your wife. But what does that have to do with doing your motherfucking job? It's a personal matter.

[petgoat]

4. Spitzer Ignored the 9/11 Family Members' Requests for NY State Investigations

273 of the widows' 300 questions got no answers
from the 9/11 Commission.

When the family members asked Spitzer, as Attorney
General of NY State, to undertake new investigations,
he ignored them.

Join 16,000 and sign the petition!

http://www.justicefor911.org/