New York Attorney General Eliot Spitzer has made himself the darling of the media and a ďheroĒ for the little guy through years of aggressive legal action against any corporate boogieman he could dredge up and bully into a headline-grabbing settlement. Those who havenít bought into the Spitzer craze have complained that he has dramatically expanded government, grabbed new power for himself, and supplanted more appropriate regulatory forums
all while primping for television cameras and bouncing from one soft-ball interview to another.
This information directly supports criticsí claims that Spitzer has dramatically overreached in his pursuit of Grasso and Langone. And while Spitzer certainly grabbed headlines by putting the NYSE execs in his crosshairs, itís increasing obvious that his case is full of holes.
Taken together, this new information severely undermines Spitzerís case and his motives for bringing it...
All of this begs the question: Why should New York taxpayers continue to foot the bill to the tune of millions of dollars for Spitzer to pursue a lame case?
Perhaps itís because New York taxpayers donít realize that Spitzer is funding his public relations and lawsuit binge with their money. Maybe if his many cheerleaders in the media could detach their lips from his posterior for a moment or two, New Yorkers would begin to understand who Eliot Spitzer really is and what heís really up to.