Posted: Mar 13, 2008, 8:31 PM CST
Lionhearted1967 wrote:Did Spitzer actually bust the Wall Strret crowd.. Look at http://www.businessweek.com/investor/content/may2006/pi20060523_284791.htm and see if there was any justice with Robert Nardelli...
Courtesy of Yahoo:
But many on Wall Street felt he went too far, pressuring ethically wayward but not necessarily criminal companies into agreeing to unfairly large settlements by threatening CEOs with prolonged legal battles. (Spitzer extracted at least $5 billion in penalties from financial firms, according to Masters.) In December 2005, former Goldman Sachs chairman John Whitehead, who was then chairing the Lower Manhattan Development Corp., alleged that Spitzer tried to bully him after Whitehead wrote a Wall Street Journal Op-Ed criticizing the attorney general's zealotry: "I will be coming after you," Spitzer allegedly told Whitehead, who said he immediately took notes of the conversation. "You will pay dearly for what you have done." (Spitzer's communications director Darren Dopp, who later left the administration under an ethics cloud, denied Whitehead's account.)
Spitzer got into trouble again just after taking office as governor. After reporters inquired as to whether Spitzer had used a state plane to fly to California for a fund-raising trip - he had not - Dopp asked state troopers to look into the state-funded travel habits of Spitzer's chief antagonist, Republican state-senate leader Joseph Bruno. When the trooper request was made public, the state GOP objected bitterly. Teams of investigators are still looking into whether the governor and his people illegally used their authority to try to intimidate Bruno.
Spitzer's approval ratings plummeted after his election; it didn't help that not long after becoming governor, Spitzer said to the Republican leader in the state assembly, "I'm a f______ steamroller, and I'll roll over you." Or that when he had a policy dispute with the popular mayor of New York City, Michael Bloomberg, Spitzer grandiosely said, "[Bloomberg] is wrong at every level - dead wrong, factually wrong, legally wrong, morally wrong, ethically wrong."