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Eliot Spitzer's Liason To The Hooker World Announces Plan To Run For Mayor Of New York

Earlier this month, the Times reported that Mayor Bloomberg and his advisers had been "floating the possibility of mayoral runs to at least five boldface figures," including Chuck Schumer, Mort Zuckerman, Ed Rendell, Edward Skyler, and Hillary Clinton. Strangely left off the list? A woman who some might say is actually Hizzoner's most worthy successor and who conveniently announced her intent to run today: Kristin Davis, the woman who once supplied Eliot Spitzer with hot young tail.
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Earlier this month, the Timesreported that Mayor Bloomberg and his advisers had been "floating the possibility of mayoral runs to at least five boldface figures," including Chuck Schumer, Mort Zuckerman, Ed Rendell, Edward Skyler, and Hillary Clinton. Strangely left off the list? A woman who some might say is actually Hizzoner's most worthy successor and who conveniently announced her intent to run today: Kristin Davis, the woman who once supplied Eliot Spitzer with hot young tail.

To those skeptical about the seriousness of Davis's candidacy, please note that:

1. She's already run for office in New York (the governorship, in 2010).
2. She's knows how to bust her ass (and would bust it for the people, as the mayor of this city).
3. She appears to already be in fundraising mode (appealing to her brethren in the hedge fund community).

"I recognize that hedge funds are a large part of the financial market and have the capability to influence market conditions," Davis told Absolute Return. "As Mayor, I would want to work with the hedge funds to ensure compliance with the SEC rules and to find a level of transparency that works for the funds and their investors to increase trust of the funds and the markets." "My hedge fund experience most definitely helped me for everything I've encountered in life. My first employer was great but also very tough, which gave me a strong work ethic. If I was off even a basis point in our monthly accounting, I had to search through millions of trades-- and dollars-- to find the discrepancy."

Manhattan Madam Kristin Davis Runs For NYC Mayor [Absolute Return]

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Maria Bartiromo: Tim Geithner apparently flagged the problem 5 years ago. Why didn't he do more about this? He basically called the Bank of England and said he was worried about the approach in terms of Libor, that they needed to change it. Did he do enough? Eliot Spitzer: Look I think it would be preemptory to say one way or the other. This is something that needs an awful lot of examination. I think the fact that he knew in '07, sent a memo in '08 is only the first layer of inquiry. Did he follow up on it? Libor, as everyone who watches CNBC knows, is the heart and soul, it is the blood stream of the financial system. If anyone is rigging it or playing games with it then you must follow up. Anybody who is in the regulatory position that Tim Geithner was in, in my view the most important bank regulatory position in the world, how do you not follow up and say wait a minute guys what have you done? So it's unclear, and I hate to use this metaphor perhaps but was this the sort of memo that was being sent at Penn State where you just kind of brush it aside or was it really and effort to do something? MB: Oh god... ES:...This bears an awful lot of inquiry. Because it goes to the very real question of whether the NY Fed did not fulfill its fundamental function to ensure the soundest [and] security of the balance sheets of the banks all the way through the period leading up to the crisis. Is this one piece of evidence that runs contrary to that or one piece of evidence that supports it? We don't know yet. MB: What a comparison. ES: Well let me tell you Maria, unfortunately when you see memos at the top being written like that, you never know, you have to ask the question, what preceded it, what came after it, otherwise you don't understand the texture of what was being done by that senior person. Spitzer Talks Wall Street [CNBC]

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