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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (20025)	10/15/2004 11:00:16 AM
From: Wyätt Gwyön	Read Replies (1) of 110194

Spitzer has a very elitist background as i recall--he's got a lot of connections and friends in high places. he's a one-off; most highly capable people with his background of affluence and elite privilege are in the private sector, banking millions a year at white-shoe law firms. but Spitzer has literally worn the same pair of shoes for over a decade, and they have holes in them; they're certainly not white. this job is a calling or vocation for him--it's obviously not about the money. i think the US system, while extremely corrupt at a systemic level, is not so bad that watchdogs like Spitzer yet need to fear for their lives by nipping at the heels of legal multimillionaires and billionaires. he'd be in more danger going after drug lords. basically, i think it comes down to the fact that the US is still rich enough to afford to have a pit bull. his ilk may be tolerated less in a severe economic downturn. still, it must be admitted that gadflying is risky business--just look at what happened to Socrates.

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