There is little need to retrace the Eliot Spitzer story except to say: he got caught with a prostitute and apparently was using a form of structuring (attempting to get around federal bank reporting rules) in an attempt to hide the source and/or use of funds.  Although a lot of hay is being made about [...]

Not surprisingly, Eliot Spitzer did resign today as Governor of New York, ,effective Monday. There is lots and lots of pundit commentary on this today (see Memeorandum). I’m sorry for his family, and I’m glad he did the right thing.
A coworker of mine made a good observation. He said, it seems as [...]

New York Governor Eliot Spitzer today confirmed he met with a prostitute in a Washington hotel room.  He apologized for his actions and said little more.  He did not say if he planned to resign.

“I apologize first and most importantly to my family. I apologize to the public, to whom I promised better,” he said.

He’s [...]