The New York Times reports that New York Governor Eliot Spitzer will give a press conference this afternoon to announce his involvement with a prostitution ring. This is something I would expect to see on the cover of a tabloid, not the Times.
Spitzer informed his most senior administration officials that he had been involved in a prostitution ring. Just last week, federal prosecutors arrested four people in connection with an expensive prostitution operation. Administration officials would not say that this was the ring with which the governor had become involved.
Stay tuned for Spitzer's press conference for word on whether any of those four people implicated Spitzer or whether Spitzer will resign. No word on how his wife and three children feel. In January, Vanity Fair wrote after reviewing Spitzer's tough first year in office "Ask Jim Cramer of CNBC's Mad Money, Spitzer's pal from Harvard Law School, about the guy [Spitzer] and he is uncharacteristically speechless." No doubt Cramer would also be speechless about Spitzer's latest news.
Update: The Associated Press reports that court papers indicate that Spitzer was a client of Emperors Club VIP, the prostitution ring mentioned above. The Times reports that Spitzer was identified as the 'Client 9' in a wiretap who met with a prostitute in a hotel room 871 -- believed to be Washington, D.C.'s Mayflower Hotel on February 13.
In a statement Spitzer said, in part, "I have acted in a way that violated the obligations to my family and that violates my - or any - sense of right and wrong. I apologize first, and most importantly, to my family. I apologize to the public, whom I promised better." He did not take questions.
Serious Money: How 'Stable' after 345 DJIA drop? -- CB, DIS, JNJ, TEVA & XEL
Closing Bell: Dow plunges amid grim economic news; AIG, CIEN, LM, TEX decline, WMT gains
Is BT's offer to save Britain's red phone boxes for £500 fair?
Reader Comments (Page 1 of 1)
3-10-2008 @ 2:34PM
Sheldon L said...
"Hello Pot, this is Kettle"
3-10-2008 @ 3:17PM
Melvin said...
When Eliot got involved with gambling casinos in upstate New York, he succumbed to the "female inducements" of the Mafia, just like Steve Wynn. The moral of the story: You can't give candy to a man-sized idiot.
3-10-2008 @ 3:20PM
einnol said...
SO its okay to use other peoples daughters, which all prostitutes are, for sex, but he has three daughters? His wife has to hold her head up as she goes on with her life with the world knowing that she was not enough woman to satisfy her husband?
He thought he would be president-
Eliot, see that red light blinking that's your future, disappearing-nice job buddy.
3-10-2008 @ 3:37PM
sandwing54 said...
take yourself out spitzer. do the noble thing and spare your family you piece of dirt.
3-10-2008 @ 4:45PM
wetjets said...
Hm i am an independent.
So Rep. politicians solicit guys in bathrooms and then deny it.
Dem. politican hires high end hookers and admits it.
OK i am voting democratric this year
3-10-2008 @ 4:53PM
Don said...
CNBC has the best interview re: Spitzer right on staff - and won't touch it. Maybe someone should poke "the bulldog" Charlie Gasparino and let him know that he can build on his own image by looking across the newsroom.
3-10-2008 @ 10:11PM
KATHY said...
IT'S NOT A MATTER OF ADMITTING FOUL PLAY. IT IS A MATTER OF INTEGRITY! SOMETHING TODAY'S POITICIANS KNOW NOTHING ABOUT.I HAVE DECIDED THAT I REALLY DON'T LIKE ANY OF THEM! WHY ELSE WOULD THEY BE IN THIS BUSINESS EXCEPT FOR THE KUDOS. NAMELY LIMELIGHT AND RECOGNITION. THEY ARE NOT MUCH BETTER THAN THE HOLLYWOOD TYPES. "HERE I AM, I'M GREAT, LOVE ME!" AM SURE THEY HAVE IDEALS, BUT TODAY WHAT COMES FIRST IS THEIR EGOS. NOT A GOOD THING FOR THE U.S.A.
3-10-2008 @ 10:25PM
swimlaps123 said...
What has always bothered me about Spitzer is the hundreds of millions of $ he fined public companies (AIG, Marsh...) -- where did the funds go? Into NYS coffers? How convenient as he's governor now. But in any case, the $ came from SHAREHOLDERS. While he threated to indict companies (which would be a death sentence), he NEVER sent any executive to jail. It was all about the money and headlines -- a shakedown of shareholders. Thousands of low-level employees lost their jobs (Marsh). He is a self-righteous hypocrit, a political bully who harmed the small guy -- and probably will never leave the scene quietly.
3-11-2008 @ 3:56PM
Dave said...
If The reverend Jessie Jackson can remain a preacher after having a child out of wed lock and outside of marriage then leave governor Spitzer alone. It's between them and God.