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Thursday, December 22, 2005

Eliot Spitzer the Dictator

For those of you who have not read the Wall Street Journal's editorial page this morning, John Whitehead, former Goldman Sachs chairman, wrote a brief piece entitled "Scary." In it, he explains the aftermath of his editorial from last April in which he stated that AIG CEO Hank Greenberg should be innocent until proven guilty and that "Spitzer has gone too far." Spitzer called Whitehead and went off on him:

"Mr. Whitehead, it's now a war between us and you've fired the first shot. I will be coming after you. You will pay the price. This is only the beginning and you will pay dearly for what you have done. You will wish you had never written that letter."

When an attorney general makes a threat like this, it is no doubt a very scary time. Spitzer himself should be the one who needs to answer some tough questions.