New York governor Eliot Spitzer was well known as an enemy of Wall Street, thanks to his zealous investigations of financial titans such as Merrill Lynch and AIG. So it came as a pleasant surprise on the trading floor of the New York stock exchange when the governor publicly apologised yesterday for visiting high-priced prostitutes.
The business network CNBC reported cheers and whoops erupting as the stockbrokers absorbed the news of Spitzer's downfall. "He is not a popular figure down here on Wall Street," the network said, coining the understatement of the week.
