A daunting litany of ills imperils U.S. banks, from toxic assets to rising loan defaults. After the irritating spectacle that played out in Washington yesterday, we can add a new threat: the Congressional Oversight Panel tracking TARP.
New York Governor Eliot Spitzer, once known as the Sheriff of Wall Street, has been linked to a high-priced prostitution ring. The allegations have rocked New York, and Wall Street in particular.
The criminal investigation that discovered Governor Eliot Spitzer's tryst began last year in a nondescript office building opposite a Dunkin’ Donuts on Long Island, according to law enforcement officials.
Though Wall Street has been quick to judge the character failings of Gov. Eliot Spitzer following his alleged participation in a prostitution ring, the man’s record as a crime-fighter against Wall Street and Corporate America drew mixed reviews.
Eliot Spitzer resigned as governor of New York after being implicated in a prostitution ring. He will be succeeded by Lt. Gov. David Paterson.
With the resignation of Eliot Spitzer, Lt. Governor David A. Paterson will become New York's first African-American governor and the first-ever legally blind governor in U.S. history.