Eliot Mess

It's generally a good thing for a preening, sanctimonious asshole to get their comeuppance, regardless of party. Spitzer is certainly no exception to that rule; from the day he floated into the state house on the wafting clouds of his own crusading righteousness, ethics have been a real problem. Perhaps a nice motivational speaking tour with Benito Giuliani is in the cards, the balding douchebag version of "Dumb and Dumber". I mean really, how fuckin' stupid and full of yourself do you have to be to get caught up in stupid shit like this, especially when your entire schtick is about what an ethical guy you are?

But what's equally interesting about all this is the circumstances of the investigation, and the direction the prosecution could take. Seriously, federal wiretaps on an internet escort service? Invoking the Mann Act when both participants are adults and met up at a mutually-agreed place? It's not as if Spitzer was driving a 15-year-old girl across state lines. And they rarely go after the clients or the girls in these cases -- it's always about the money and the people at the top. So this does have more than a whiff of Don Siegelman about it.

Obviously, the people who are most jubilant about Spitzer's downfall are the bookies and thieves in the casino sector.

Cheers went up on the floor of the New York Stock Exchange Monday in response to news that New York Gov. Eliot Spitzer might resign over his alleged involvement with a prostitute.

It's hard to think of a man who engendered more hatred on Wall Street - or more qualified admiration from investor advocates - than Spitzer.

And then they went out and celebrated in the usual way -- cooking up some new liquidity-put scam over a few rounds of Ketel One and a couple grams of Bolivian marching powder, followed by a not-too-discreet circle-jerk out in the parking lot.