Elliot Spitzer- and investment Brokerage Firms- What happened?

[Ichingcarpenter]

This guy was taking on the brokerage firms and might of even let one
of them go for political purposes. However after seeing the downfall
of major firms, I'm not even sure anymore if he went far enough. I
do know that his stupid entrapment was done by the powers that serve
these financial Brobdingnagians.


Any thoughts?


I just grabbed the first article I could find and
put this in as a starting point.



Eliot Spitzer and the 92nd Street Y
by Russell Mokhiber and Robert Weissman

In the land of the blind, the one eyed man is king.And so, Eliot Spitzer, Attorney General of New York, is king of the corporate crime prosecutors. Surely, no other prosecutor in the nation has the energy that moves Spitzer to bring cases against some of the nation's largest companies. And there is no question that Spitzer's work has uncovered corporate wrongdoing that would otherwise remain concealed -- and that his investigative zeal exerts a deterrent effect on the executive class.
But when he is about to do justice, and all the cameras are focused on him, Spitzer pulls his punches. Why? He wants to be Governor of New York. And then President of the United States. Let's take a well known corporate crime case that will hit home with many parents. And let's see how the king of the corporate crime prosecutors handled it. Let's say you are a new parent. And you want to start your kids in a top pre-school so they are on track for an Ivy League education. In New York, that means getting your kids into the 92nd Street Y in Manhattan. Two year olds are given IQ tests. They are interviewed. The parents are interviewed. Tuition runs $15,000 a year.

In addition, parents are expected to make generous donations. In the fall of 1999, this was the situation facing Jack Grubman and his wife LuAnn.

Despite a number of meetings with the school, and promises of support, his twin two-year olds didn't make the short list.

>>>>>snip
http://www.commondreams.org/views05/0224-21.htm

[travelingtypist]

1. None of this stuff was technically illegal, the CMBS stuff.

So Spitzer wouldn't have anything to do with it.

I think he's probably sitting back laughing his ass off. You fired me because I screwed some whores, now who's getting screwed.

[ColbertWatcher]

2. I remember someone mentioned this in passing when Spitzer first got caught.

500 years from now someone will be writing an opera about this.

It will be a tragedy of course.