There is a wacky left theory bouncing around the internet and actually being taken seriously by a few that Governors; Eliot Spitzer was deposed by the Bush Justice Department because of his criticism of the Administration over the subprime mortgage crisis that few recognized at the time. This is typical left wing revisionist horseshit.

Spitzer: Responsible for crash
In fact, Spitzer's crack down on Wall Street caused the firms to increase leverage because he took away the ability for them to make money in research and underwriting, and they looked for other ways to make money- like securitizing subprime mortgages. In fact if Spitzer hadn't removed Maurice "Hank" Greenberg from AIG, the company would never have crashed. Greenberg was a much more conservative investor and had tighter risk management rules that were suspended by the company only after Spitzer drove Greenberg out over charges that proved bogus in the courts. The billion dollar investment in credit default swaps which were not hedged, brought the company and the economy down. This insurance was written only after Greenberg was forced out and never would have been written under Greenberg's risk management rules. Thus, Eliot Spitzer is partially responsible for the current economic crisis, not some Boy Scout crying an early warning. This is so typical of his reign as Attorney General where he blackmailed companies by press release, threatening to destroy your companies value unless you pled to infractions you hadn't actually committed. Most saw the futility of winning in court after Spitzer had destroyed their company so they settled. When cases actually went to trial most were dismissed or those Spitzer apprehended were acquitted. Spitzer's assault on the New York stock exchange's Ken Grasso, Ken Langone and Greenberg while not also pursuing NYSE board member Carl McCall for fear of offending key African-American political leaders stands out as the kind of perverted justice Spitzer pursued. Now the former Governor is venturing out, giving his first interview to a magazine last week. Here is one question that TIME OUT didn't ask but should have; how come everyone else in the Emperor's VIP Club scandal has been indicted and pled guilty including the owner and the employees who handled your booking of a prostitute and the financial transactions that paid for it, but you have not yet been indicted and walk the streets free? Clearly Eliot Spitzer violated Federal money laundering statutes as well as the Mann Act. Why should everyone else in this sordid scandal go to jail but Spitzer? Why shouldn't he be disbarred? "No one is above the law." Isn't that what the liberal literate were screaming about Nixon, furious when he avoided jail time. Is there truly one system of justice for the mega-wealthy who can afford platoons of expensive lawyers and a different system of justice for the working girls who performed clerical duties for a whorehouse? Will the privileged Spitzer continue to evade justice?