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Elliot Spitzer - The First Patsy in the Meltdown

By       Message Tom Dennen     Permalink
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This Time, The Little Dutch Boy Failed.

What do Elliot Spitzer and Ashley Alexandra Dupree have to do with the fact that your house's value is going down, down, down?

Former New York Governor Elliot Spitzer was cleared in the first week of November this year of a fairly serious offense against the Mann Act, a Federal Offense as opposed to a State Offense, which prohibits 'the transportation of people 'across state lines for the purposes of prostitution'.

Well, they didn't really clear him; they just 'declined to prosecute'.

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Why? The Bush administration's job was done: It has been universally accepted that the political assassination of Elliot Spitzer was engineered by the Bush administraton because of his  public accusations against  the United States Federal Reserve Bank and the top Wall Street bankers and lending institutions of a predatory lending practice called 'sub-prime' mortgaging.

Spritzer and most of the other fifty state governors were watching their constituents being robbed by Wall Street through this lending practice by losing their houses

Once this practice was integrated into the banking system, it was–-many believe deliberately--allowed to escalate into trillions of dollars of international Triple-A securities loans backed by massively (unknown to global purchasers) defaulting loans and sold to the European and other global bankers who are reported to be 'furious' with Wall Street and (right now, Europe) are pulling out of the dollar.

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AS THE DEFAULT loan payments stopped coming in the fuel for the debt-based trading (see 'Greed's the Thing', The Natal Witness, September 2008) ran out and the biggest financial bubble ever created began to deflate.

One man put his finger in the dyke. But instead of helping him, they broke it.

'They' took him out with a short, sharp, vicious and unprecedented public humiliation: Formally charging him with associating with prostitutes 'across state lines'.

How often are prostitutes' clients 'busted'?

You can answer that one.

 But how often has public outrage insisted on, demanded! lists--names, addresses, pictures, videos --of the men who visit 'the working girls'?

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Successfully, as far as I know, once.

ANd there was only one name on one list: Elliot Spitzer's.

But then, Spitzer was trying to save the world--a world which includes us here, now, with our falling housing prices--and that takes either Superman or a brave little Dutch Boy.

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Tom is a contributor to public debate on issues affecting our survival; works with a London and a South African think tank, is a working journalist and author.

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