Enjoy watching the high and mighty taking a tumble?
Generally, my response to that question would be "No, not particularly, but thanks for asking". I do, however, make exceptions, and NY Governor Eliot Spitzer would be one of those. From a WSJ email alert of a bit ago:
March 10, 2008
New York Gov. Eliot Spitzer apologized to his family and the public but didn't elaborate on press reports linking him to a prostitution ring. "I violated my obligation to my family and my own sense of right and wrong," he said in a brief statement with his wife by his side. Last week, federal prosecutors in Manhattan filed conspiracy charges against four people, accusing them of running a prostitution ring that charged wealthy clients in Europe and the U.S. thousands of dollars for prostitutes.
The one time attorney general for New York built his political legacy on rooting out corruption, including several headline-making battles with Wall Street while serving as attorney general.
Why does he rate my interest in (and hope for) his potential comeuppance? He's a haughty bully, a guy who made his name by being a 14K prick to every company from which he could mulct blackmail payments. As NY AG, he was like a pallid and uptight version of Al Sharpton and Jesse Jackson.
He virtually never took a case to court, and in those he did, he virtually always lost. His successes, if you can call them that, were largely obtained by bullying people into plea deals. Sometimes, people plead because they're guilty. Spitzer, a publicity hound of the worst sort, prosecuted his cases in the press, and bludgeoned people into plea deals, so I (perhaps incorrectly) give the victims the benefit of significant doubt in this case.
Spitzer has also been accused, quite credibly, of destoying companies, and thus harming the shareholders in those companies, for no legitimate cause. Other than the fact that he's a nasty, pasty, little holier-than-thou prick, that is.
As governor, he's continued this "I know what's best" motif, siccing his insurance commissioner, Eric Dinallo, on the bond insurers with instructions that time was short, and if they didn't hurry up and do Spitzer's bidding, he'd..., well, he'd do something. Spitzer and DiNallo have a history of Spitzerian overreach, as seen in the WTC reconstruction funding marathon recently forced to an end. Blackmail's almost too nice a word for the games these bastards have played.
Who knows what's really behind the WSJ story? Surely not I. But it doesn't sound good at all for El-i-ot, and I'm OK with that.
[wik] Also see, from Long or Short Capital: "Spitzer in a Ring of Pictures"
[alsø wik] It would seem that this fucking guy is toast. So much for the happy ending.