Spitzer Returns to Blast AIG

Disgraced ex-guv admits his mistakes on CNN, but slams insurer's payments
By Drew Nelles,  Newser Staff
Posted Mar 22, 2009 5:18 PM CDT

A humbled Eliot Spitzer re-entered the limelight last week with an interview on CNN, admitting that he "failed in a very important way." But the former New York governor, ousted by a prostitution scandal last year, also took aim at AIG, calling it "at the center of a web" of financial crises. Agreeing that executive bonuses are appalling, Spitzer reserved greater venom for the insurer's multi-billion-dollar payouts to counterparties like Goldman Sachs.

He also left open the possibility of a political comeback. “I don't think about it, I don't worry about it. I focus on my family, on the issues.” And he described himself as a “huge fan" of President Obama. “I think we all have to be and should be, if only because he has been thrust into a dynamic that is almost impossible," Spitzer said.
(Read more Eliot Spitzer stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.