By Ruth Brown
Ouch. When even the other sex scandal candidate won’t support you, you know you’re in trouble. In an interview with MSNBC, Eliot Spitzer said he won’t be voting for Anthony Weiner for mayor of New York City, and that he’d fire any public employee he caught sexting, the Hill reports…. …read more
Source: FULL ARTICLE at Newser – Home
By Susannah Breslin, Contributor
If there was ever a political scandal made for porn, it’s the Anthony Weiner debacle. In fact, one could argue the sexcapades of Eliot Spitzer and Weiner have closed the gap between porn and politics. The details and leaked images from their sexual travails are as X-rated as any movie release to make its way out of Porn Valley. …read more
Source: FULL ARTICLE at Forbes Latest
You can’t scan the news lately without hearing about Anthony Weiner, Eliot Spitzer, their sex scandals and attempted comebacks. Both conservative and liberal news outlets are glued to covering the two fallen politicians. But why? …read more
Source: The Christian Post
By Kevin Spak
Mark Sanford. Eliot Spitzer. Anthony Weiner. It seems everywhere you look there’s a politician proving there is life after sex scandal. So Public Policy Polling decided to ask North Carolina if they’d be open to a comeback from once-favored son John Edwards. The response: Heck no. Only 15% have a… …read more
Source: FULL ARTICLE at Newser – Home
By The Huffington Post News Editors
It’s been a rough day on TV for former New York Gov. Eliot Spitzer.
The candidate for New York City comptroller was first grilled by Jake Tapper for his “incredibly reckless and … very illegal” prostitution scandal. Then, he was asked by Stephen Colbert if forgiving voters signal the “slow decay of our moral values.”
As Spitzer laughed the question off, Colbert declared, “This ain’t Charlie Rose, motherf**ker!”
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Source: FULL ARTICLE at Huffington Post
By Ruth Brown
Democratic voters may have forgiven Eliot Spitzer, but it looks like his wife may not have. A regular presence by his side on previous election campaigns, Silda Wall Spitzer has been nowhere to be seen on this one, the New York Times reports. Though the couple has not separated, she… …read more
Source: FULL ARTICLE at Newser – Home
By Ruth Brown
Perhaps any publicity really is good publicity. Despite their high-profile sex scandals—or maybe because of them—both Anthony Weiner and Eliot Spitzer are leading their respective Democratic primary races, according to a new poll by Quinnipiac University. The poll of 738 Democratic voters found 25% supported Weiner for mayor… …read more
Source: FULL ARTICLE at Newser – Home
By The Huffington Post News Editors
One of Eliot Spitzer’s old Wall Street adversaries has slapped him with a lawsuit just as the former New York governor is trying to mount his political comeback.
Former American International Group CEO <a target=_blank href="http://online.wsj.com/article/SB10001424127887323740804578602180595381040.html
” target=”_hplink”>Maurice “Hank” Greenberg is suing Spitzer for defamation, the Wall Street Journal reported.
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Source: FULL ARTICLE at Huffington Post
By The Huffington Post News Editors
Maybe time has mellowed Eliot Spitzer.
Spitzer, who built his political career as New York Attorney General more than a decade ago by crusading against Wall Street corruption, has a surprisingly philosophical take on the topic of sending bankers to jail for their misdeeds ahead of the financial crisis.
“It is not simply a matter of sending 10 people to jail,” Spitzer said at a panel on Tuesday at the Harvard Club of New York City. “You can stop a few individuals from acting improperly, but if the business model isn’t changed … that doesn’t really change behavior.”
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From: http://www.huffingtonpost.com/2013/04/16/eliot-spitzer-bankers-jail_n_3092453.html
By Morgan Housel, The Motley Fool
Filed under: Investing
I sat down with former AIG chairman and CEO Hank Greenberg this week. We talked about everything from AIG‘s early days, its growth, to its downfall and bailout in 2008.
Below is one of the most interesting clips from the talk. I asked Mr. Greenberg a simple question: When did AIG go off track?
Here’s what he had to say (transcript follows):
Morgan Housel: When did AIG go off track, from being a first-class global organization to where it found itself in 2008?
Hank Greenberg: I don’t think AIG went off track. We had an Attorney General in New York, now a disgraced Attorney General …
Morgan Housel: There’s actually a quote in your book. I’m going to quote it here. It says, “Eliot Spitzer, an elected public prosecutor in New York, sparked the process that would drive AIG to near destruction.”
Hank Greenberg: That’s correct.
Morgan Housel: When people think about AIG‘s downfall, they think of derivatives and leverage and liquidity. They often don’t think about Eliot Spitzer. What was his role?
Hank Greenberg: Very simple. I was on a conference call with analysts, and one of them asked me, “What’s the regulatory environment like today?” This is after Enron and Sarbanes-Oxley.
There was a change in the atmosphere. Boards of directors became less supportive of companies and their management. They were more concerned about their own liability after Enron. When I was asked this question, I said, “A foot fault is like a murder charge today,” which was a way of trying to dramatize the change that had taken place.
If you read the book, you’ll see there’s an affidavit by a man called Vacco, who had been the prior Attorney General of New York, and he happened to be in Spitzer’s office when one of Spitzer’s deputies came in and said, “Did you hear what Greenberg just said on an analyst call?”
He said no. He repeated that I said a foot fault is like a murder charge. Spitzer then said, in front of this prior Attorney General, “I’m going to take Greenberg down.” He used some other language which was just a disgrace for him to be saying that. It’s in the book.
He used that. He was running for governor. He wanted to take down big names, and he went on a campaign to do that.
He focused on a transaction we did with Warren Buffett‘s company, General Re, which was our largest reinsurance partner. It was five years old, it had no effect on shareholders’ equity or earnings per share — nothing to do with that. It was a peanut transaction, and he tried to make that into a murder charge, and was successful. The board just gave up supporting the CEO.
Now, I was going to step down as the CEO in May. This was in March of 2005. I was going to step down as CEO, stay as chairman to make sure the transition to a new leadership team would go …read more
Source: FULL ARTICLE at DailyFinance
By Jens F. Laurson and George Pieler, Contributor This article was originally published on March 6, 2010. Among the most pathetic rituals in contemporary culture, just short of the mass-market televised private apologia for personal failings (Mark Sanford, Eliot Spitzer, Tiger Woods) is the compulsory appearance before Congress. It invokes a modern-day Walk to Canossa, but without the ratings […]
Source: FULL ARTICLE at Forbes Latest
