Even now you read of people shaking their heads and wondering how such a “clean” crusader for good could have consorted with prostitutes. Easy, he consorted with the women prostitutes at night and press prostitutes during the day. He used the prostitutes in the press to extort literally billions of dollars out of his victims. And the press loved him for it because his victims where white men, so called “fat cats” who the press loves to hate.
I met with a representative of a nationally known insurance company today. When Spitzer decided to attack the insurance industry he sent his goons to the headquarters of this company – on the West Coast - and demanded that the company turn over all the e-mails of all of its executives for the last 5 years. No subpoena, not court order, no nothing. The company declined. Spitzer’s next move was to call the president of the company and tell his that if he did not turn over the e-mails he would call a press conference, announce that the company was under investigation and was refusing to cooperate.
That would have ruined the insurance company, so they send him the e-mails. You never heard of the insurance company in the press. There was no indictment and no crime, just a fishing expedition without a legal basis and no court sanction. That’s how he operated.
Like the mafia and their protection racket, almost all of Spitzer’s “successes” were due to companies settling to avoid being dragged thought the mud by Spitzer and his enablers in the press. The times he went to court in his high profile Wall Street cases he lost.
Bad guys rarely act alone. They need henchmen. The mafia needs killers. Spitzer needed the press and together they ran a pretty good extortion racket until another set of prostitutes interfered. Only the victims cared.
KIMBERLEY A. STRASSEL in the Wall Street Journal nails it:
The fall of New York Gov. Eliot Spitzer holds many lessons, and the press will surely be examining them in coming months. But don't expect the press corps to delve into the biggest lesson of all -- its own role as his enabler.
Journalists have spent the past two days asking how a man of Mr. Spitzer's stature would allow himself to get involved in a prostitution ring. The answer, in my mind, is clear. The former New York attorney general never believed normal rules applied to him, and his view was validated time and again by an adoring press. "You play hard, you play rough, and hopefully you don't get caught," said Mr. Spitzer two years ago. He never did get caught, because most reporters were his accomplices.
Journalism has many functions, but perhaps the most important is keeping tabs on public officials. That duty is even more vital concerning government positions that are subject to few other checks and balances. Chief among those is the prosecutor, who can use his awesome state power to punish, even destroy, private citizens.
Yet from the start, the press corps acted as an adjunct of Spitzer power, rather than a skeptic of it. Many journalists get into this business because they want to see wrongs righted. Mr. Spitzer portrayed himself as the moral avenger. He was the slayer of the big guy, the fat cat, the Wall Street titan -- all allegedly on behalf of the little guy. The press ate it up, and came back for more.
Time magazine bestowed upon Mr. Spitzer the title "Crusader of the Year," and likened him to Moses. Fortune dubbed him the "Enforcer." A fawning article in the Atlantic Monthly in 2004 explained he was "a rock star," and "the Democratic Party's future." In an uncritical 2006 biography, then Washington Post reporter Brooke Masters compared the attorney general to no less than Teddy Roosevelt.
What the media never acknowledged is that somewhere along the line (say, his first day in public office) Mr. Spitzer became the big guy, the titan. He had the power to trample lives and bend the rules, while also burnishing his own political fortune. He was the one who deserved as much, if not more, scrutiny as onetime New York Stock Exchange chief Dick Grasso or former American International Group CEO Maurice "Hank" Greenberg.
What makes this more embarrassing for any self-respecting journalist is that Mr. Spitzer knew all this, and played the media like a Stradivarius. He knew what sort of storyline they'd be sympathetic to, and spun it. He knew, too, that as financial journalism has become more competitive, breaking news can make a career. He doled out scoops to favored reporters, who repaid him with allegiance. News organizations that dared to criticize him were cut off. After a time, few criticized anymore.
Instead, reporters felt obligated to run with whatever he handed them. Consider the report in the wake of a 2005 op-ed in this newspaper by John Whitehead. A respected Wall Street figure, Mr. Whitehead dared to criticize Mr. Spitzer for his unscrupulously zealous pursuit of Mr. Greenberg. Mr. Spitzer later threatened Mr. Whitehead, telling him in a phone call that "You will pay the price. This is only the beginning and you will pay dearly for what you have done." Some months later, after more Spitzer excesses, Mr. Whitehead had the temerity to write another op-ed describing what Mr. Spitzer had said.
Within a few days, the press was reporting (unsourced, of course) that Mr. Whitehead had defended Mr. Greenberg a few weeks after a Greenberg charity had given $25 million to the World Trade Center Memorial Foundation -- a group Mr. Whitehead chaired. So Mr. Whitehead's on-the-record views were met with an unsourced smear implying bad faith. The press ran with it anyway.
In 2005, Mr. Spitzer went on national television to suggest that Mr. Greenberg had engaged in criminal activity. It was front-page news. About six months later, on the eve of a Thanksgiving weekend, Mr. Spitzer quietly disclosed that he lacked the evidence to press criminal charges. That news was buried inside the papers.
What makes this history all the more unfortunate is that the warning signs about Mr. Spitzer were many and manifest. In the final days of Mr. Spitzer's run for attorney general in 1998, the news broke that he'd twisted campaign-finance laws so that his father could fund his unsuccessful 1994 run. Mr. Spitzer won anyway, and the story was largely forgotten.
New York Stock Exchange caretaker CEO John Reed suggested Mr. Spitzer hadn't told the truth when he said that it was Mr. Reed who wanted him to investigate Mr. Grasso's pay. The press never investigated.
Mr. Spitzer's main offense as a prosecutor is that he violated the basic rules of fairness and due process: Innocent until proven guilty; the right to your day in court. The Spitzer method was to target public companies and officials, leak allegations and out-of-context emails to a compliant press, watch the stock price fall, threaten a corporate indictment (a death sentence), and then move in for a quick settlement kill. There was rarely a trial, fair or unfair, involved.
On the substance, his court record speaks for itself. Most of Mr. Spitzer's high-profile charges have gone up in smoke. A New York state judge threw out his case against tax firm H&R Block. He lost his prosecution against Bank of America broker Ted Sihpol (whom Mr. Spitzer threatened to arrest in front of his child and pregnant wife). Mr. Spitzer was stopped by a federal judge from prying confidential information out of mortgage companies. Another New York judge blocked the heart of his suit against Mr. Grasso. Mr. Greenberg continues to fight his civil charges. The press was foursquare behind Mr. Spitzer in all these cases, and in a better world they'd share some of his humiliation.
Instead, remarkably, they continue to defend him. Ms. Masters, his biographer, was on CNN the day Mr. Spitzer's prostitution news broke, reassuring viewers that the governor really was a "lovely" guy. Other news reporters were reporting what a "tragedy" it was that such a leading light in the Democratic Party could come to such an ignoble end.
There's little that's tragic about Mr. Spitzer, unless you consider his victims (which would appear to include his own family). The press would do well to meditate on that, and consider how many violations they winked at and validated over the years. Politicians don't exist to be idolized by the press, at least not by any press corps doing its job.
Welcome Freepers. Look around and come back.
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