New Spitzer Hypocrisy In AIG Case

Former New York Governor Eliot Spitzer took to the New York Times OP-ED page to call for the full release of a AIG corporate e-mails to determine how and why the company crashed.

This is the same Eliot Spitzer who stonewalled attempts by the New York State Senate Committee on Investigations and the New York Commission on Ethics to obtain the E-Mails of Spitzer and his top aides surrounding the abuse of power in his using the New York State Police to spy on his political opponents. Likewise, Spitzer attempted to prevent his top aides from testifying. This man’s hypocrisy knows no bounds.

The idea of former New York Governor and Attorney General Eliot Spitzer criticizing the AIG bailout is ridiculous; Spitzer is responsible for the economic condition of the company for which they needed a bailout. In fact, Spitzer’s crackdown on Wall Street caused the firms to increase leverage because he took away the ability for them to make money in research and underwriting, and they looked for other ways to make money; like securitizing subprime mortgages.

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