Oh, the Irony
The most amazing thing about Spitzer’s Downfall is not the cliché that yet another high-level American politician has succumbed to sexual deviance, but rather the irony that the most self-righteous enemy of Wall Street was brought down by the weapon he used in his crusade against CEOs and financial accounting firms: electronic messaging.
In these post-Spitzer days, when you start at a Wall Street firm, the first thing the Compliance team tells you is that all email, IM, and text communication from firm sources should be treated as public information, and that anything you send might end up on the front page of the New York Times. How true.
“New York governor Eliot Spitzer has been caught on a federal wiretap arranging to meet with a high-priced prostitute at a Washington hotel last month.”