Office Max!

I think Eliot Spitzer has designs on higher office.

If you follow business news, you probably know that New York Attorney General Eliot Spitzer has made his reputation lately by prosecuting big corporations – especially financial corporations like banks and Wall Street firms – for all sorts of vicious corporate crimes. Except, he has not actually been prosecuting these firms in actual courtrooms. Apparently what he does is investigate a firm for a few months, driving them nuts with subpoenas for all sorts of financial records – then he calls a press conference and accuses them of fraud, or some other form of “greed” invariably involving making money for “insiders.” The company is worried about being sued, the officers are worried about going to jail – so they cut a deal. Eliot Spitzer then calls another conference, claims a victory for the “little guy” and brags about how big a fine he got the company to pay for whatever it was they admitted to to avoid prosecution. The company doesn’t get sued, and Eliot Spitzer gets lots of great publicity for his anticipated run for governor without having to actually prove his case in court.

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