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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEliot Spitzer Stunningly Loses Comeback Bid For City Comptroller To Scott Stringer
Former New York Gov. Eliot Spitzer has called Manhattan Borough President Scott Stringer to concede in the Democratic primary for New York City comptroller.
With 95% of precincts reporting as of 11:40 p.m., The Associated Press projected Stringer as the winner with 51.92% of the vote. He led Spitzer by more than 20,000 votes.
Read more: http://www.businessinsider.com/eliot-spitzer-concedes-scott-stringer-comptroller-2013-9
hrmjustin
(71,265 posts)Logical
(22,457 posts)Jefferson23
(30,099 posts)FarCenter
(19,429 posts)Jefferson23
(30,099 posts)FarCenter
(19,429 posts)Jefferson23
(30,099 posts)FarCenter
(19,429 posts)Jefferson23
(30,099 posts)Tuesday, July 16, 2013
Thomas Ferguson: Why Spitzers Return Terrifies Big Finance
By Thomas Ferguson, Professor of Political Science at the University of Massachusetts, in Boston and a Senior Fellow at the Roosevelt Institute
You didnt have to be in New York to feel the shudder on Wall Street when Eliot Spitzer announced that he was running for New York City Comptroller. It was enough to read between the lines of just about any financial paper in the world.
Suddenly, the Masters of the Universe were staring at their worst nightmare: the prospect of a comeback by the only major politician in the U.S. whose deeds and not simply words prove that he does not think corporate titans are too big to jail.
Who, when the Justice Department, Congress, and the Securities and Exchange Commission all defaulted in the wake of a tidal wave of financial frauds, creatively used New York States Martin Act to go where they wouldnt and subpoena emails and corporate records of the malefactors of great wealth, winning convictions and big settlements.
Who in 2005, as New York State Attorney General, actually sued AIG instead of thinking up ways to hand it billions of dollars of taxpayers money.
Who brought a suit over the Gilded Age compensation package Stock Exchange head Richard Grasso had been awarded by his chums on the board.
http://www.nakedcapitalism.com/2013/07/thomas-ferguson-why-spitzers-return-terrifies-big-finance.html
It's a shame he lost.
FarCenter
(19,429 posts)Instead of doing his job as city comptroller.
Jefferson23
(30,099 posts)geek tragedy
(68,868 posts)on Wall Street--it's to serve the people of NYC.
Jefferson23
(30,099 posts)geek tragedy
(68,868 posts)rather than viewing it as a chance to promote himself. Yeah, I care more about there being money to pay for schools and homeless shelters than I do for seeing Spitzer's face on tv.
Jefferson23
(30,099 posts)geek tragedy
(68,868 posts)kelliekat44
(7,759 posts)Jefferson23
(30,099 posts)geek tragedy
(68,868 posts)interested in NYC. This was nothing but the first stop on what Spitzer thought would be his comeback tour.