Tuesday, December 16, 2008
Was Spitzer Hit?
"Eight months after a federal investigation into a prostitution ring brought about the downfall of Gov. Eliot Spitzer, the question persists in some circles: Was the federal government out to get Mr. Spitzer? No evidence has surfaced to support such an assertion, and the prosecutor in the case has said that politics played no role in the pursuit of Mr. Spitzer, a Democrat. But that has not put to rest suspicions, expressed on left wing blogs, that Mr. Spitzer, a zealous pursuer of Wall Street wrongdoing who some thought could one day be president, had been singled out. Now, a congressional committee is pursuing what would be the first public examination of the events that prompted the intial inquiry into his bank tansactions, which showed he was sending money to a front company for Emperor's Club V.I.P. ... 'The question was: Why were they looking for this? Is this political retribution?' said Representative Michael E. Capuano, a Massachusetts Democrat and a member of the committee who has been critical of the increased scrutiny of banking transactions, which increased greatly under the passage of the Patriot Act. 'It raises questions in my mind that he may have been targeted for political purposes,' he said, adding that he had no evidence that suggested as much. ... The office of the [US] attorney for the [SDNY], Michael Garcia, declined to comment. Because Mr. Garcia said earlier this month that no charges would be pursued against Mr. Spitzer in the case, the committee's work may represent the only forum in which to untangle the mystery of how the former governor ended up in the middle of a law enforcement rarity: a federal investigation into an adult prostitution ring", my emphasis, Danny Hakin, 26 November 2008 at http://www.nytimes.com/.
Was Wall Street out to get Spitzer? You betcha. No evidence? The circumstances are enough. This is the first time I know of Skeptical CPA was called a "left wing" blog! Perhaps so. About eight weeks ago WC Varones Blog reclassified its blogroll, including Skeptical CPA with "Anarchists, Libertarians, Sound Money Advocates, and Other Threats to the Regime". Garcia declined comment. So? What's he to say, "I got my NY Big Law partnership, Spitzer is nullified, case closed"?