"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Saturday, March 21, 2009

Eliot Spitzer returns

Back from his "fall from grace"--no doubt greased by the Wall Street titans whom he terrorized, the former governor of New York Eliot Spitzer has been hired by Slate magazine to put his opinions to pen and paper. His latest effort reflects upon the distracting hue and cry being raised over the millions of taxpayer dollars funneled to AIG employees who helped loot the company while largely ignoring the billions shipped to AIG counter-parties with names like Goldman Sachs, HBS, Bank of America, Merrill Lynch, Barclays... you get the picture.


Anonymous said...

I guess some guys will do anything to get a gig these days in the poor economy.


Coldtype said...

You must remember that Spitzer comes from money. His family is reported to have a net worth somewhere in the neighborhood of 500 million (or did before the crisis). One of the things that made him so hated and feared by elites, particularly on Wall Street, was that he was perceived as a traitor to his class who was willing to dig deep for all the buried bodies so to speak.

Spritzer was sending the "wrong" people to jail and that just will never do. That would help explain how a guy fucking the same high priced whores everyone else on Wall Street was banging suddenly became public enemy #1 and a threat to decency in all the land. Given who he was going after, namely the same bastards that have destroyed the world economy, he should have known better and covered his ass because they play for keeps.