Wednesday, November 26, 2008

You Heard It Here First...

WE'VE MOVED! Democratic Convention Watch is now at

A couple months ago, in an article relating Hank Paulson to John Erlichman, I was talking about the upcoming bailout and wrote:

First, let's look at whether or not anyone knew about the problems with the market prior to last week. And we come to Eliot Spitzer. He and a number of other Attorneys General started acting against predatory lending several years ago. He had a recap-type article in the Washington Post earlier this year. It's an interesting connection to what the Bush administration would and would not do. I'm not willing to start wearing a tin foil hat, and I'm not a conspiracy theorist, but approximately 24 days after that article was published, Eliot Spitzer was brought down by a Federal sting involving a hooker. I'm just saying.
Turns out I'm not the only one with questions. Next year, the House Financial Services Committee will be taking up the issue of whether Spitzer was targeted based on his attempts to go after Wall Street in his position as NY Attorney General and the potential for what he could have authorized as Governor. There will be hearings. And by the way, this is not simply a partisan investigation. One of the people pushing for it last summer (it's been delayed due to the overall financial crisis) is Steven C. LaTourette (R-OH).

More details here, and I'll be following this once the hearings begin.