The irony of Eliot Spitzerby
This is the same man who went after Wall Street with such relish during his days as Attorney General. Amid the praise for his efforts to clean up questionable practices, a number of critics questioned his methods and argued that he did as much damage as good during his tenure.
Certainly, he beefed up regulations and helped contribute to the environment that bred Sarbanes-Oxley—the regulations that are allegedly now scaring some businesses away.
And the list of executives clamoring to get onto the new commission reads like a Who’s Who from companies that were treated to Spitzer’s harsh scrutiny: Martin Sullivan of AIG, Goldman Sachs’ Lloyd Blankfein, Charles Prince of Citigroup.