The Picture Of Emperor Eliot

"I do not believe that politics in the long run is about individuals. It is about ideas, the public good and doing what is best for the State of New York."

Eliot Spitzer, the gangly governor of the Empire State whom federal wire-taps allegedly caught arranging a tryst with a prostitute on the eve of Valentine's Day, took the opportunity afforded him today by the sudden attention of the national media to deliver that short lecture on civics. Other men--even that subspecies known as politicians--might have been humbled by the circumstances, and perhaps even resigned from public office. But Spitzer is not like other men, he reminded us today.

There's a certain poetic quality to this final act of Spitzer's. His extraordinary popularity with members of the press (now presumably extinguished) was rooted in his willingness to leak, sotto voce, allegations of misconduct in the personal lives of the subjects of his investigations. The press loved the juicy headlines. His motivation was apparently to embarrass and intimidate the subjects of his investigations so that they would be forced to comply.

We admit to enjoying the spectacle of watching a man so given to the high moralistic tone brought low by such a misdeed. As one commenter on the New York Times wrote, he's gone from Eliot Ness to Eliot Mess. But this is not just schadenfreude. There's a matter of serious public concern beneath the cheers and smirks of those who won't be sorry to see Spitzer fall from the bully pulpit. What the federal wiretap has uncovered is not just a sex scandal but a dark crack running through the character of New York's governor. It's as if we were Basil Hallward looking for the first time at the picture of Dorian Gray.

That a man so versed in the blackmail style of prosecution would so readily open himself up to that dark art is, at the very least, extraordinary. One would think that a man who deployed his aides to whisper about a corporate executive allegedly "banging" his assistant, would be wise enough to the ways of the world to avoid putting himself in a position where he could be blackmailed. That he lacked such wisdom--or ignored it--shows a reckless disregard for the responsibilities of the high office to which the people of New York elected him.

That reckless disregard is coupled in Spitzer's character with a steadfast self-regard. Even in his brief apology, he focused mostly on how he had violated his own standards of conduct rather than those of the public's mores and statutes. It is as if, in the kingdom of Spitzer, there is no crime worse than violating the standards of Spitzer.

Where did this sense of self-regard come from? Spitzer is the scion of a family made wealthy by real estate investments. He went to Horace Mann High School, graduated from Princeton and Harvard Law School. Like Barack Obama, he was an editor of the Harvard Law Review. Many others have emerged from similarly privileged backgrounds without experiencing the ego inflation that fueled Spitzer's reckless self-regard. Even now, the origins of this deformation of characters remain illegible to the public.

If Spitzer were open to the standards set by those residing beyond the bounds of his own mind, he might take a page from one of the earliest targets of his crusade against Wall Street. In 2002, Spitzer went after Merrill Lynch's investment banking and research practices. After he described Merrill's conduct as "a shocking betrayal of trust by one of Wall Street's most trusted names," Merrill Lynch stock sank, and the company lost $5 billion in market value in a few days. Reading the writing on the wall, Merrill recognized that the good of its shareholders lay in a quick settlement rather than a protracted defense.

The writing is all over the wall, Mr. Governor. If you really want to do what is best for New York State, it might be time to start reading it.

Comments

1

Posted by guest, Mar 10, 2008 5:19PM

I hope he got herpes - the gift that keeps on giving!

2

Posted by Cov Lite, Mar 10, 2008 5:20PM

Only a politician as honorable as the Doctor Representative Dr. Ron Paul will suffice.

3

Posted by guest, Mar 10, 2008 5:20PM

Well written

4

Posted by guest, Mar 10, 2008 5:24PM

He thought he was a tough guy. He crossed a very smart guy. It is not his decision to go. He's history.

5

Posted by a dead horse, Mar 10, 2008 5:27PM

I don't like this Spitzer guy for what he did to everyone on Wall Street!

6

Posted by guest, Mar 10, 2008 5:31PM

I heard he liked to watch dirty movies backwards. That way, the hooker pays the john!


-Shecky Buffett

7

Posted by The Dungeon Master, Mar 10, 2008 5:34PM

The best fact here is that in transporting her across state lines he violated the Man Act. LOL I only took one law class as an undergraduate but I'm pretty sure every law student know about the fucking Man Act, its one of those things like Love v. Virginia that gets taught to everyone who ever goes to law school, let alone the fucking EDITOR OF the HLR. Hilarious!

Also as a prosecutor he's D-Bag but you know the shit Guilliani pulled off against Milken and Drexel was way worse. These guys are just as much shake down artists as Jesse Jackson.

P.S. JC me and the boyz are going to meet at 8 tonight at the Inn of the Prancing Pony for quick game of D&D if you're down.

8

Posted by guest, Mar 10, 2008 5:35PM

Has NY ever had an African American governor before? Soon will have one - - in Lt Gov David A. Paterson

How about a blind gov? Same result

http://www.ny.gov/ltgov/index.html

9

Posted by Lowly Assistant, Mar 10, 2008 5:35PM

Tastefully put, JC. I'm not particularly surprised, as our "Moral Elite" have continuously emerged muddy, bloody, and riddled with STDs. Where's Cowboy Ronnie when we need him?

10

Posted by Investorcluzo, Mar 10, 2008 5:41PM

@ 5:35: why's it got to be about a black thing? perhaps you should watch cnn. that obama guy is the leading democratic contender for the presidential nomination...

11

Posted by guest, Mar 10, 2008 5:42PM

Somewhere Dick Grasso is smiling...

12

Posted by Metlin, Mar 10, 2008 5:42PM

Very well written.

13

Posted by HAM05, Mar 10, 2008 5:44PM

clearly not a fan of the wire

14

Posted by guest, Mar 10, 2008 5:46PM

i usually find your writing boring and long winded, but this was actually articulated very nicely. you've earned your jameson for the day

15

Posted by guest, Mar 10, 2008 5:55PM

Was this post already written beforehand just in case something like this ever happened? Not that most of this site is a notch below junior-high level, but c'mon. It happened an hour or so ago and here is perhaps the best written article in months with phrases in both Latin and German, a few well-phrased metaphors, and even some arcane references thrown in for good measure?

16

Posted by guest, Mar 10, 2008 5:59PM

Oh, the writing will get noticably shittier when the Wall Street Journal editorial writers show up here and start to throw in their 2 cents on the matter.

17

Posted by guest, Mar 10, 2008 6:04PM

Investorcluzo (clearly an Obama Hag),

It's not a black thing - - I just thought the soon to be governor of NY looks interesting. Based on his picture, looks like a cross of Fred Sanford and Stevie Wonder....

@5:35

18

Posted by Investorcluzo, Mar 10, 2008 6:17PM

@ 6:04: definitely not an obama hag, I have a problem paying 40% of my earnings to the tax man - I voted for the 2nd bush and 1st clinton, if you must know. I'm a true independent, but I'm not ready for nadar. I will not bite on your commentary as to paterson's looks. there is something inherently wrong about that...

19

Posted by guest, Mar 10, 2008 6:59PM

Investorcluzo -- do you know that David Paterson, the Lt. Governor, is the son of Basil Paterson, one of the most influential men in Harlem over the past fifty years, and the Paterson family are very proud Afro-Americans. I don't think it's biased to note David Paterson is African-American.

On the other hand, David Paterson can't help the way his eyes look -- if you catch any videos of Hillary Clinton campaigning in New York, David Paterson is always standing directly behind the podium. He doesn't wear sunglasses to conceal his visage, and his impairment is very noticeable. So what. I'd be more worried about what kind of governor he's going to be.

By the way, you don't have to be a true independent to be for Nader. You have to be truly nuts.

20

Posted by guest, Mar 10, 2008 7:09PM

How long will it take for the hooker to appear on television?

21

Posted by guest, Mar 10, 2008 7:41PM

Nice post, interesting blog.

Anyone know what it is that Client-9 has in mind when Kristen's booker told her he "would ask you to do things that, like, you might not think were safe..."?

Asphyxiation?

22

Posted by Cov Lite, Mar 10, 2008 8:12PM

@7:41 - The rumor is that it involved "Space-docking" with his own product.

23

Posted by guest, Mar 10, 2008 9:46PM

Maybe he made her act like an Enron physical gas trader and forced her provide honest index prices to McGraw Hill's Inside Ferc Gas Market Report.

In 1999 and 2000, that would have been dangerous, unsafe activity for an Enron trader.

24

Posted by guest, Mar 10, 2008 10:01PM

ActII

Eliot at the Mondrian Hotel in NYC. OK gang there's the tip, now dig out the facts.

25

Posted by guest, Mar 10, 2008 10:09PM

@9:46pm:

Maybe he made her act like a liberal apologist who saw their favorite "crusader of the year" and "Eliot Ness" brought down.

In 2008 these are dangerous, unsafe activities for a Hillary endorser.

Bye bye.

26

Posted by guest, Mar 10, 2008 10:12PM

I am a college classmate of Spitzer. Princeton 1980. We moved in different circles, but I have to say I am not surprised today.

He was the typical student government jackass, power-hungry in his little tiny area of influence, a real pr1ck.

Even then he had scary-dead eyes, like a damn shark. He struck me as a ruthless SOB at the time, and I didn't have much to do with him thereafter.

Totally in character what happened today.

27

Posted by guest, Mar 11, 2008 1:54AM

You Americans are hard to understand. Just what exactly is it Spitzer's done wrong? Paid someone for sex? Is that it? Nothing else? And that's an issue? How? Why? What's the problem? Awkward for the family perhaps, but isn't it their business what they do in bedrooms or with other people? How does it affect his capacity for public office? The kind of person who has the drive to run for high office is likely to be the kind of person who has strong drive for sex as well. So what. It's not like he's done anything illegal.

28

Posted by guest, Mar 11, 2008 9:09AM

@1:54 - The bigger the moralist the harder he falls...

29

Posted by guest, Mar 11, 2008 9:16AM

I went to the same High School as Spitzer. I posted his yearbook page here:

http://marketprognosticator.blogspot.com/2008/03/whom-gods-destroy.html

30

Posted by GinNTonic, Mar 11, 2008 9:53AM

@1:54AM
1. Prostitution is illegal (technically you can't transport prostitutes)

2. As governor, you're supposed to uphold the law of the land

3. The big deal though is the moral high horse that Spitzer used to ride into governor spot. He was ruthless in destroying people's lives in order to propel his own career. He blackmailed many individuals who didn't break any laws.

31

Posted by guest, Mar 12, 2008 5:09AM

thankyou GinNTonic,
hypocrisy in public officials has always been common and is a deal worth disgust,
i agree.
baffling though that prostitution is illegal.
back to the markets.

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