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Breakingviews: Rise from disgrace

Monday, Jul 08, 2013 - 03:27

July 8 - Rob Cox talks to Breakingviews columnists about Eliot Spitzer’s political comeback in his bid to become New York City comptroller, and the former governor’s ambitious plans for the position.

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So Wall Street thought I covered Eliot Spitzer a couple of years ago when he did himself in with little issue his client number nine. Well it turns out that the former governor and former attorney general of New York. Is now. Going to run for the city comptroller's office. This is actually pretty interesting development -- that -- because not only is Eliot Spitzer a household name and on Wall Street and in New York. He now thinks there's a huge opportunity. To take this office and bring it into -- -- in me as a guy was the sheriff of Wall Street you know scared everybody I don't go to one of the expert yeah it is post Enron you know SEC wasn't doing anything. Right under our regulators warned that doing it and let them volume went after the banks went after -- the new research settlement he went after the new York stock -- statement that Korea not to bring these things that trial was -- sort of hold the ball for huge settlements Arctic and settle. Not have to actually prove this case. You know the model for the current people lost he had in the current and New York hey I'd imagine Letterman you know -- sort of replicate -- a graphic aggressiveness now -- You know he wants to be needed Anthony overall style. Coming back from now -- guards stand firm that sort of thing these days -- has come back from -- and that and that's obviously on our current facility wraps it connects those citizens looked like I think the way it describes itself as CF that if you'll right now right -- -- an element of being sort of the guys in front of cameras in this budget and look at numbers -- took control purse strings -- -- -- you know times it's it's is that coming about making. Well exciting use of this office's jurisdiction that that sounds like Q that sounds really happened. An office that has seen some scandals -- of its autonomy and down embassy have. Well Alan and this guy is what he was -- that -- any little thing literal data in jail prison went to jail and when you have John -- is now in the position he's hit some of his son's -- that some problems definitely and -- now -- -- from there went right which opens this possession so the question -- -- an here's an office like before we start talking big before we start going after. Wall Street again let's show first of all that we can trust you. Maybe this is what credibility. And they are competent. And that this office which beat somebody apparently. He's competent and trustworthiness let's see if you can do this job right I mean we know he thinks is an exciting opportunity. But you know he's he was apparently is just now saying. That he will look at things like the chairman CEO separation roles at JPMorgan I think he. Specifically cited JPMorgan I mean I'm not even sure how that's within the jurisdiction I'm not -- anybody thought through it's sort of figured that out at this point that he made had to make that late. You know on him as a that it sort of sort of is in charge of issuing municipal bonds auditing the city's finest scene at the school budget is up to us oh and by the way was he running against in this well. Presidents in the spring is. I think we're in front of the front that maybe some other people and that's the most colorful characters this will Kristin Davis the claims he supplied. That is visited prostitutes them among others in. In a previous life as a matter of -- time is now -- and wants to run for this office again so basically kids only in New York right. All right we'll be back for more breaking news tomorrow.

Breakingviews: Rise from disgrace

Monday, Jul 08, 2013 - 03:27

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