Spitzer Takes Second Step to Salvation

Eliot Spitzer is now blogging at Slate.com.  As I noted earlier, this is part of a campaign to rejuvenate his image and try and restore him to a position in government (IMHO).  And I think it's a great idea that will work.  Spitzer has a very good understanding of how Wall Street manipulated its way into defrauding everyday consumers.  I'm not sure that his remedies were all that great, but I don't think there are very many government regulators who understand the systems that financiers use.  And if you don't understand how the theif is taking from you, then you can't catch the theif.  Unfortunately, Spitzer is going to be burnt on the cross by neo-conservatives and religious zealots for his personal weaknesses.  Which will be too bad because he might be a great weapon against the injurious greed of Wall Street.

His article is here.  It's another damning piece about how our lovely political leaders are treating the symptoms instead of the disease.  Very similar to the ideas promoted by Fareed Zakaria in The Post-American World.

I am pissed at Eliot Spitzer.

Not because of this article at the WashPost that clearly lays out the parameters to see our way through this crisis, but for the fact that he was weak enough to make himself vulnerable to attack because of his previous extra-marital activities. He would make a great contributor to the Obama administration in designing a new financial regulatory system.
In fact, I think this article is going to be the beginning of a groundswell to absolve him from his previous activities and draft him into this administration. We could use someone who has a first-hand understanding of the current system's weaknesses in fixing the system.