Spitzer Mulls Starting Vulture Fund (he wants to become a house flipper)

[Amerigo Vespucci]

Spitzer Mulls Starting Vulture Fund
Tells Unions of Plan for Real Estate

By JACOB GERSHMAN, Staff Reporter of the Sun
June 10, 2008

Eliot Spitzer, in his first big business venture since he was shamed out of office by a prostitution scandal, is shopping around a plan to start a vulture fund that would scoop up distressed real estate assets around the country, revamp them, and flip the properties for a profit.

Late last month, the former governor of New York gathered a group of high-level Washington, D.C.-based labor union officials in a conference room at the headquarters of his father's real estate business in Manhattan and pitched them his idea for starting such a fund, a source said.

During the meeting, Mr. Spitzer expressed relief that he was no longer burdened with the frustrations of being governor, according to the source. And, in contrast to his repentant resignation speech that he delivered beside his tearful wife, Silda Wall, he took a more relaxed view of his indiscretions.

http://www.nysun.com/new-york/spitzer-mulls-starting-vulture-fund/79666/

[Carnea]

1. Somehow this doesn't sound good ... from the article below

"Mr. Spitzer works out of the Crown Building at 730 Fifth Ave., a 26-story structure his father and two other real estate investors bought in 1991 (in what turned out to be a highly lucrative investment). Playboy Enterprises leases commercial space in the building."

I wait with baited breathe for a very special Girls Next Door w/ Elliot Spitzer.


Honestly I don't know where to begin. If he follows his midlife crisis to a proper conclusion I think I would have more respect for him. Right know he sounds like a lot of my old friends after they dropped out of college and moved into their parents mother-in law house out back.

Grandiose dreams on another mans sweat.