Eliot Spitzer

Even if the Feds think they have a rock-solid case against Eliot Spitzer, it seems the disgraced former governor doesn’t think he’s going to spend time in the big house. Today we learn from the New York Sun’s Jacob Gershman that Spitzer is looking to launch a fund that would buy up distressed real estate assets.
Save for a few years as a lawyer in private practice, Spitzer has spent most of his adult life as a public servant. His main connection to real estate is his bloodline. His father emigrated from Austria and a became areal estate magnate. So does Spitzer think is going to invest in his real estate vulture fund?
Union dominated pension funds, of course. Spitzer is well connected to several labor unions, and so it was to union officials he turned for financial backing.
Spitzer Mulls Starting Vulture Fund [New York Sun]

Fed Case Against Spitzer Is Strong

The New York Post’s Page Six reports the Feds are close to indicting disgraced governor Eliot Spitzer.

The federal case against him is so strong that prosecutors had no interest in striking cooperation agreements with the ringleader of Spitzer’s hooker-supplier, Emperors Club VIP, and his second in command, sources told The Post’s Murray Weiss.
Prosecutors have records of Spitzer’s transactions, phone records and taped conversations with Emperors Club, and are confident they need little more to nail him on charges that could include violating prostitution laws and money laundering, sources said. Probers are also said to be looking into whether he used campaign funds to pay for his pleasures.

It’s too early in the morning for us to feign outrage or disgust at the revelation that a wealthy and powerful man favored the company of a young, beautiful woman to that of his wife, and was willing to pay for it. But we remember writing something about how the episode demonstrated a dark crack in the character of the man we had elected governor. Oh, right, here it is. Go there is you want to be outraged all over again.

Feds Have Spitzer Cornered
[New York Post]

Eliot Spitzer’s Madam Will Dish The Dirt

Twenty-three year old Cecil “Katie” Suwal agreed yesterday to cop a plea about her role in the prostitution ring patronized by former New York Governor Eliot Spitzer. The New York Post is reporting that Suwal is expected to plead guilty as soon as this week and dish dirt in the federal probe focused on Spitzer.

The madam handled arrangements for Spitzer’s Feb. 13 rendezvous with hooker Ashley Alexandra Dupre, a k a “Kristen,” at the Mayflower Hotel in Washington. Suwal set the price, calculated credit from previous “dates,” and took Spitzer’s deposit, according to court papers.


Madam’s Squealing & Dealing
[New York Post]

Eliot Spitzer’s Ashley Dupre In Girls Gone Wild Video


Well, it didn’t take long for the video of Eliot Spitzer’s call girl to turn up on the internet. Turn down the volume to avoid the annoying Associate Press voice-over.
You can watch a much larger, full screen version of the video at, where else, the New York Post. Just tilt your screen away from any management types.

“Kristen,” Ken Stiffed

kristenashleydupre.jpg
Bank of America’s chief executive Ken Lewis received $4.25 million in cash and $4.25 million in restricted stock for his 2007 bonus, less than half of his $18.5 million target. Know who else got screwed? Eliot Spitzer’s hooker, Kristen/Ashley. The intrepid entrepreneur was supposed to receive one million dollars to appear in a “non-nude” magazine spread and a “nude-nude” video clip for Girls Gone Wild, plus the possibility of joining the GGW tour bus. Founder Joe Francis took the money off the table when staffers informed him that after watching a few of their favorite DVDs over and over and over again, it’d come to their attention that they already had K/A’s ass on tape, so there was no need to cough up the cash (“It’ll save me a million bucks,” Francis told The AP. “It’s kind of like finding a winning lottery ticket in the cushions of your couch”). Luckily, Hustler publisher Larry Flynt’s offer of a mill. to get naked still stands, and Lewis is reportedly in talks with Honcho to make up his gipped scratch.
Spitzer call girl already gone ‘Wild’ [Yahoo]
Bank of America Proxy Statement [SEC]

We Came Not To Praise Spitzer, But To Bury Him

Eliot Spitzer Drunks Whores And Other Politicians.jpg
Thanks to everyone who joined us last night for our beery wake for Governor Eliot Spitzer’s political career. Several well-known commenters, including “girl” and “one-two,” made appearances. A reporter from WNYC radio showed up and recorded interviews with some of those attending. (Note: he’s still looking for recently laid off Wall Streeters. Drop us an email if you’d be willing to let him interview you.)
We’ll be sure to have another drink-up again, just as soon as the occasion calls for it. Now we’re going to find another cup of coffee to chase away this still lingering hangover.

Unacceptable

Lloyd Craig Blankfein, people! Is the whole world going to shit? The following is absolutely outrageous. And I think we all know who’s to blame. (Starts with an ‘E,’ ends with a ‘liot Spitzer fucked a hooker and this is the fallout.’)

To: All London GS
Subject: Policy Changes – Evening Meals and Taxis
Following a firmwide review of our policy on evening meals and taxis,we have decided to implement the following changes, which will become effective today.
Evening Meals
From today, the Petershill cafeteria will open in the evening from 7 pm to 9 pm (6.30 pm to 8 pm on Fridays) in line with the current opening hours at River Court. On completion of the current refurbishment work in early April, the Christchurch Court cafeteria will also open at these times.
Given these extended hours of cafeteria operation and the significant incremental cost of dining@mydesk, the dining@mydesk service will only be available after 10 pm (9 pm on Friday). Staff in Christchurch Court can continue to use dining@mydesk between 7.30 pm and 9 pm until the Christchurch Court cafeteria has reopened. Cafeteria meals will be reimbursable (via T&E) from 7.30 pm onwards. The maximum reimbursable amount for cafeteria meals has been adjusted to £10, to reflect the cost of a full meal within the firm’s cafeterias. Cafeteria receipts will need to be retained in order to submit a T&E for reimbursement.
Evening Taxis
The evening rolling taxi rank will continue to be available on weekdays from 6 pm to midnight, but evening taxis home will now be paid for by the firm from 10 pm (rather than 9 pm at present).