Wall Street cheers: The CNBC cable channel reported cheers coming from the floor of the NYSE as reports of the scandal first hit television screens ...
The CNBC cable channel reported cheers coming from the floor of the NYSE as reports of the scandal first hit television screens in midafternoon trading.
Daniel Gross has an interesting piece at Slate, arguing that "Spitzer has been hoisted by his own petard, brought down by the same kind of investigation he pioneered as a prosecutor."
He notes that Spitzer, like the Wall Street execs he used to target, left an "unnecessary digital trail." He also made the nature of his own prosecution worse by arranging for a prostitute to cross state lines, making a federal case of it.
More blog reax after the jump.
Michael Goldfarb of the Weekly Standard is pleased, if not completely satisfied:
The shame of the day is that something as quotidian as hypocrisy has triggered Spitzer's downfall. Today would be a happier day if Spitzer were driven from public life because the public recoiled at his holier-than-thou prosecutions that were driven much more by a sense of ambition than a desire for justice.
Todd Purdum at Vanity Fair: "It is hard to see how he can survive, politically, much less recover."
DailyKos commenters largely take "bad news for the Dems" slant, then quickly revert to Obama obsession.
Andrew Sullivan takes the family matter/prostitution should be legal tack.
Greenberg and Grasso, however, refuse to comment.
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