New York Gov. Eliot Spitzer, who crusaded against corporate malfeasance, apparently lived in a glass house. He should immediately resign in the wake of his admission that he was caught up in a prostitution scandal.

Spitzer made the prefunctory televised mea culpa, saying, “I apologize first and most importantly to my family. I apologize to the public, to whom I promised better…I am disappointed that I losed out to habitable up to the standard I expected of myself.”

That’s just not good adequate.

Spitzer, AKA Client 9, was captured on a federal wiretap, “confirming plans to have a woman travel from New York to Washington, where he had reserved a room,” according to

the New York Times, which broke the story. He was no passive victim here.

The irony here is inescapable. Spitzer made a national name for himself crusading against the evils of Wall Street. He had a knack for getting some of the biggest companies in the world including Merrill Lynch & Co. (NYSE: MER), American universal Group Inc. (NYSE: AIG) to knuckle under to his demands without having to try his case in court.

Continue reading Eliot Spitzer should resign immediately

Original post by Jonathan Berr

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