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Does Spitzer have conflict of interest?
CNN Money ^ | 5/25/2004 | Breaking Views

Posted on 05/26/2004 10:48:23 AM PDT by oblomov

The question is not just a provocation for the New York state attorney general. After all, he has made himself a household name by attacking conflicts of interest in Wall Street investment banks and the biggest mutual fund companies.

Spitzer has long come in for flak for allegedly going hard on Wall Street to advance his political ambitions. But ironically, in the Richard Grasso affair, the question is whether he has gone soft in order to push forward his political ambitions.

The state attorney general filed a lawsuit Monday against Grasso aiming to recoup some $100 million of compensation paid to the ousted former New York Stock Exchange boss. Grasso was named in the suit along with Kenneth Langone, who oversaw the NYSE's compensation committee until a year ago.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: corruption; grasso; nyse; spitzer

1 posted on 05/26/2004 10:48:23 AM PDT by oblomov
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To: oblomov

Spitzer will run on the platform that he 'fights' for the 'little guy'. He and Giffie Miller should hold hands and jump into the East river


2 posted on 05/26/2004 11:11:12 AM PDT by jjm2111
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