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December 02, 2008

Eliot Spitzer & Barney Frank

Eliot Spitzer Barney Frank The Examiner is not impressed with Eliot Spitzer's effort to become "the Democrats' newest Comeback Kid":

In a recent op-ed in The Washington Post, Spitzer had the audacity to pontificate about how to "save capitalism from its own excesses." * * * While the former attorney general of New York crusaded against the lack of transparency on Wall Street, he hypocritically used a shell company to hide more than $1 million in payments to the "Emperor's Club," a high-priced prostitution ring. The suspicious transfer of funds reported by his bank eventually triggered the federal investigation that led to his resignation. The so-called Sheriff of Wall Street also kept more than $400,000 in campaign contributions from Milberg Weiss, a class-action lawsuit factory whose top attorneys were convicted of paying $11.4 million in kickbacks to plaintiffs.

Barney Frank, Chairman of the House Financial Services Committee, is "investigating the circumstances that led to the sex scandal causing the downfall of New York Gov. Eliot Spitzer and whether the case was politically motivated" out of purported concern that "federal agents misused their expanded powers under the Patriot Act."  The intimidating message to law enforcement:  don't mess with Democrats.

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