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It appears as if New York Governor Eliot Spitzer will resign. [1]

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This kind of stuff is just insane. Spitzer involved in a prostitution ring? [2] I mean, c'mon, Eliot? What in God's name were you thinking? I don't care if he is a Democrat or a Republican, he should be beyond reproach. Especially with the kind of enemies he made along the way. Stupid. Stupid. Stupid.

Mind you, I'm not angry because of what he did. I am angry that he would risk so much as the 'anti-corruption' candidate in New York. Again, a victimless crime, as I have said before. And I cast no stones of moral judgment. Just stones of political judgement. He simply should have known better.

Update: It's been reported on ABC [3]and Bloomberg that Spitzer will resign.

Nota bene: The reason these Spitzer allegations hurt so much is he was one of the very few people in the country willing to take on the corruption of Wall Street. And I am not tlaking the kind of penny-ante corruption of the mob and their ilk. I am talking about corruption on a systemic level that we can now all see affects everyone in this country. Few had the guts to take on Wall Street and the insurance industry. But Spitzer did. Any subsequent calls for, or attempts to, reform Wall street will be that much more difficult in light of what happened today. This is not a blow for good government, but for sensible finance and regulation. Pity.