If there are any aspiring investigative bloggers out there with time on their hands...It might be interesting to compare a time line of banking industry problems, the Fed and the White House actions to the same time line of the Elliot Spitzer "Hookergate" scandal.
I found this at Project Censored:
Why the Bush Administration ‘Watergated’ Eliot Spitzer
Bush’s Real Problem with Eliot Spitzer
More below:
From the article:
Timing suggests that Spitzer was likely a target of a White House and Wall Street operation to silence one of its most dangerous and vocal critics of their handling of the current financial market crisis.
Every day, Bush and company were screaming "The Fundamentals of our economy are strong" Sounds like McCain last week. Hmmm, Interesting.... And then there's Spitzer's own editorial from February 14 in the Washington Post:
"When history tells the story of the sub-prime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners, the Bush administration will not be judged favorably . . . it will be judged as a willing accomplice to the lenders who went to any lengths in their quest for profits. The administration was so willing, in fact, that it used the power of the federal government in an unprecedented assault on state legislatures, as well as on state attorneys general and anyone else on the side of consumers."
Does this smell a little Rat Fuc#@y to anyone else?
This seems to be in line with Bush's MO throughout his dismal administration. Don't address the problem, just bury the messenger.