The criminal activity on Wall Street can resume

[liberal N proud]

Wall Street cheers Spitzer's fall from grace

It's schadenfreude time on Wall Street.

Eliot Spitzer, the New York governor who made his name taking on the titans of finance, apologized Monday in vague terms after reports that he used the services of a prostitute in a case being investigated by federal prosecutors.

The news stunned traders on Wall Street, where Spitzer long has been viewed with fear and contempt. Some view the revelations as a huge hypocrisy for a man who, as New York's attorney general, had aggressively pushed for ethics and fair play on Wall Street earlier this decade. People who clashed hardest with Spitzer are among those crowing the loudest.


http://articles.moneycentral.msn.com/Investing/Extra/WallStreetCheersSpitzersFallFromGrace.aspx?GT1=33002


fyi: schadenfreude > satisfaction or pleasure felt at someone else's misfortune.

[Faux pas]

1. Wouldn't they have more to crow about if he was caught in some

kind of stock or money scandal? I don't get the connection btwn prostitutes and wall street....

[liberal N proud]

2. Spitzer as NY AG went after Wall Street crime

They are now enjoying that he was busted.

[Faux pas]

3. Ah, thanks for the info. The way the 'snews' made it seem was

that he only busted up prostitution rings when he was AG. Too bad sex is the only thing that can bring a politician down. Torturing, murdering, plundering and pillaging mean nothing anymore.