Wednesday, March 12, 2008

Wall St. throws Elliot Spitzer under the bus

Looks like Wall St. has thrown Spitzer under the bus.

Spitzer Resists Calls to Resign - WSJ.com: "Mr. Spitzer's status as a prominent government official appears to have opened the door to investigation into the matter. Many banks now examine transactions involving so-called 'politically exposed persons' -- politicians, judges, prosecutors and their families -- to ensure they're not used to hide ill-gotten gains. At least one bank used by Mr. Spitzer, Capital One Corp.'s North Fork unit, flagged his transactions to federal regulators as a potential sign of corruption, people with knowledge of the transactions said."

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