As it turns out - and as has been the trend of his predecessors - Spitzer was again right on the money when everyone was in denial about crimes committed in AIG and other insurance companies. AIGs own investigation later admitted that bid rigging was routinely conducted by a large number of their own employees. One can appreciate why stock brokers so hate Spitzer and other who have repeatedly exposed corruption in the finance markets - that even the NYSE refused to investigate. Don't fall for the propaganda from stockbrokers. They have too much bias to be honest about Spitzer and Spitzer's predecessors.

One reason why stockbrokers so hate Spitzer is that NY State will investigate crimes that the SEC will not touch - for suspicious political reasons. This refusal to investigate was blatant especially under the dynasty of Harvey Pitts who refused to investigate Enron, Global Crossing, et al AND refused to take more a substantial budget increase from Congress to expand such investigations. So who then does investigate crime in the finance markets?

Over the many decades, it is almost always NY State that prosecuted people like Michael Milken, Martin Siegel, and Ivan Boesky.

tw - do you know what a 12b-1 fee is? i assume spitzer should know since he has spent going on 3 years splashing them on the headlines. i say SHOULD know, because he continues to misrepresent them.

do you know what revenue sharing is? not the bullshit boogeyman that spitzer has splashed on the news, but the reality of how they are paid, who pays them, and why they exist?

do you know the purpose of the "know your client" rule? spitzer and his boys should, but they use it to fuck people for soundbytes instead of going after real issues.

how about the "prudent man" rule? heard of that one? same story.

do you know the difference between a financial "advisor" and a "broker"? again, spitzer should, but he chooses to ignore the fact that Merrill Lynch brokers advertise themselves as advisors. hmmm, i wonder what kind of presence and influence ML has in NY voting circles?

do you know the difference between and educated skeptic and a delusional prick with a superiority complex? the skeptic realizes that big businesses need to be monitored and disciplined when necessary. the other guy? he assumes that anyone sticking it to a business must be doing the right thing without bothering to look into the facts.

spitzer has looked into some issues that needed to be addressed like late trading, bid rigging, etc. he also has spent needless time and money going after honest people and misrepresenting the facts so he would look good in the papers.

it is amazing to me that someone who is so capable of seeing and screaming about the stupid, immoral, and unethical actions of some government officials can be a blinded sycophant for others.

...and he didn't reply??

point for L123!!

I got a life and frankly, it's damned inconvenient........I get no time to play online games, I haven't alphabetically organised my CD's for ages and I'm lucky if I make it down the cellar once a month.

Clearly the answer is to give up my satisfying ( but low paid) job, abandon all ambition for the future and get back to the more inportant things in life like Internet communication and general fuckwittery.

:)

I'm not around much these days due to...ummm...a change of scenery. Yep...that's what I'll go with. :)