Letterman joked about the new Governor of New York continually confessing about having performed various acts unbecoming an elected official the other night. Then I read about this over at Duncan’s place and it occurred to me. Could the two possibly be connected?

I don’t necessarily mean specifically to FGIC, but to the fact that he is Governor of New York after all, where the possibility that he might find himself overseeing a whole lot of financial responsibility well beyond what would be considered normal due to the sub-prime mess and general morass. I don’t really have any idea how FGIC scenarios play out. Is he insulating himself from outside pressure here? Just being cautious? Dave’s got a point. Why all the airing of dirty laundry now?

Too far of a stretch?

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