NY Gov Spitzer linked to prostitution

Yup. I'm trying to think of a career that doesn't involve "teams", "team-building exercises", or "let's take that [discussion that points out the really stupid management moves] offline".

No post-surname letters have done more harm to American business and politics than MBA. They're like a free pass for idiots to get into management, whereas companies used to have to at least make employees fuck up little things before turning them loose on anything important.
The best book I ever read on how to run a business made it quite clear you do not hire MBAs.
 
He spent $80,000 on hookers. $80,000 extracted from the family exchequer, if it was his money and not public money. The mind boggles.

It's the wife that boggles! Someone on Jon Stewart's program said, "Shouldn't it be the hooker who has to stand beside him at the podium?" Good point.

I mean, I'm all for marital forgiveness etc. especially when there are children at home, but the globally-televised-acceptance-of-public-humiliation phase of a sex scandal should not be a 'couples' event. The spouse should be at a spa someplace, receiving an aromatherapy massage from twins named Lars and Sven.
 
It's the wife that boggles! Someone on Jon Stewart's program said, "Shouldn't it be the hooker who has to stand beside him at the podium?" Good point.

I mean, I'm all for marital forgiveness etc. especially when there are children at home, but the globally-televised-acceptance-of-public-humiliation phase of a sex scandal should not be a 'couples' event. The spouse should be at a spa someplace, receiving an aromatherapy massage from twins named Lars and Sven.


He's at the podium so briefly each time that I wonder if he would have to pay for an hour's time for each press conference or if they'd give him a combination platter deal.
 
My Thoughts, For What Little They're Worth

He paid $4300 for a woman to travel by train from NY to DC, draw the "seed" from his loins, and return back to NY. I'm thinking several hour train ride each way before "going for the gold". So in retrospect he likely paid $2,000 for the "actual" event.

Wrong? Of course. Is he humiliated? Of course. Is he legaly fucked? I hope so. But I doubted he paid more than 2k to rent her for the "hole" evening.

I bet he's feeling more fucked than ever before (does anyone feel 'divorce' in the air?)

But look at the bright side... this is proof organized crime has been eradicated, otherwise this never would have hit the headlines. Sort of a double-edged sword perhaps, but...

Just my thoughts.
 
Eliot Spitzer may no longer be New York's governor but it will be many years before Wall Street and the financial industry forget him.

The changes Mr. Spitzer pushed through earlier this decade as New York's attorney general continue to affect how investors and companies buy stocks, mutual funds and insurance, among other things. Whether those changes have helped investors remains disputed.

Mr. Spitzer "had an enormously positive impact on the securities industry," said John C. Bogle, founder of mutual-fund firm Vanguard Group and a frequent critic of Wall Street practices. "He really wanted reform. It wasn't just for the headlines."

...Mr. Bogle said, "In my long career, I don't remember anything that left me as deeply and profoundly saddened. I feel like I've lost an ally and a friend."

While Mr. Spitzer's aggressive- some say ruthless- tactics were criticized, his supporters say the industries he went after were usually left in better shape.

"Whether for his own purposes or not, he was the one that put the brakes on," said Tamar Frankel, a Boston University professor of law. He "stopped the slippery slope" that many in the financial-services industry were operating under around the turn of the century.

The first feather in his cap as attorney general -- a $1.4 billion settlement with Wall Street firms for faulty stock research -- led to widespread changes. Mr. Spitzer's investigation led to a settlement between Wall Street firms and regulators in which the firms agreed to separate research and banking [Wall Street, of course, has always held itself out as financial experts which, in fact, was nothing more than a hypocritical facade] while making independent research available to investors...

The settlement resulted in broader disclosure in Wall Street research reports of potential conflicts of interest. Investment banks often reap big fees from the companies their analysts assess. Ms. Frankel praises this change, saying investors now recognize research is coming from "salespeople that have a stake" in their recommendations.

Mr. Spitzer then started bringing cases against mutual-fund firms for giving rich investors and hedge funds trading perks at the expense of individual investors. The investigations led to a flurry of multimillion-dollar settlements and executive resignations. Mr. Spitzer seemed invincible.

He sued former New York Stock Exchange Chairman Dick Grasso in 2004, claiming that his compensation was excessive. His investigations also helped lead to the departures of top executives at two insurance giants.

The attorney general often clashed personally with his rivals. "To be a crusader takes a certain streak of self-righteousness," says Mr. Bogle. ...
____________________________

There are very few "good guys" on Wall Street; Jack Bogle is one of 'em. The only two whose names are recognizable to the general public are Warren Edward Buffett and Jack Bogle. Ninety-nine percent of the rest are either dopes, used car salesmen or some combination thereof.

 
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So, on topic, but a bit off the wall, has anyone else other than me used this Spitzer sex scandal as inspiration for a Lit. story? I just submitted mine.
 
It's the wife that boggles! Someone on Jon Stewart's program said, "Shouldn't it be the hooker who has to stand beside him at the podium?" Good point.

I mean, I'm all for marital forgiveness etc. especially when there are children at home, but the globally-televised-acceptance-of-public-humiliation phase of a sex scandal should not be a 'couples' event. The spouse should be at a spa someplace, receiving an aromatherapy massage from twins named Lars and Sven.
She's hot. She's smart. He's stupid.
He'll lose in the end.
 
The changes Mr. Spitzer pushed through earlier this decade as New York's attorney general continue to affect how investors and companies buy stocks, mutual funds and insurance, among other things. Whether those changes have helped investors remains disputed.

Mr. Spitzer "had an enormously positive impact on the securities industry," said John C. Bogle, founder of mutual-fund firm Vanguard Group and a frequent critic of Wall Street practices. "He really wanted reform. It wasn't just for the headlines."

...Mr. Bogle said, "In my long career, I don't remember anything that left me as deeply and profoundly saddened. I feel like I've lost an ally and a friend."

Bump.
 
Not if she comes with the boat--which, she well might considering her salary.
 
Not if she comes with the boat--which, she well might considering her salary.

She's salaried, or Independent Contractor?

Either way I think she (or someone) comes on the boat, not with it.
 
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Except for knowing the object is to buy low and sell high, I don't know anything about the stock market. However, I think it is a safe assumption that the laws and regulations are intended to stop people from getting ripped off, especially by those who are referred to as "Wall Street professionals". After making that assumption, I have to say that Spitzer's actions against the Wall street professionals were probably beneficial. :(

On the other hand, if he vigorously enforced laws against prostitution and other victimless crimes, that would be another matter. Especially since he was heavily involved in committing those same crimes. :mad:
 
Or commissioned. Either way, she's loaded--and I'm not just talkin' about the halter top.

Of course, she doesn't get to keep the whole 4,300 an hour but even half of that would be big bucks. Especially since it is all tax free, until she gets caught.
 
The lady has complained about photos of her, such as the one on this thread, being displayed. :eek:She claims she has never given consent and that she is not a public figure. She may say that, but she's wrong. Personally, I think she believes that display of them will decrease the amount of money she gets from Playboy when they publish the nude spread they wil almost certainly be doing on her. :) I haven't actually heard anything but I would be very surprised if such a spread didn't appear within a few months. Hotties like her, who make a splash in the news, almost always do that, and make a lot of money. The woman who was kicked off an airplane for being too scantily dressed will soon be appearing.
 
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