The truth, however, is that Spitzer's biggest, most lasting impact came in the [mutual] fund industry, and in a lot of ways that ordinary investors don't think about and fail to appreciate. Moreover, by uncovering the fund scandals when he did, he saved Wall Street from a much larger problem that, in hindsight, would appear to have been an inevitable consequence of the bad behavior that was happening in the fund world.You mean Spitzer was preventing the kind of bad behavior that is ruining the world economy? Why would we want anyone like that working on our behalf?
Evidently we would rather have the pot-smoking, bridge-playing CEO of Bear Stearns and his criminally negligent management team rewarded while Spitzer's career goes up in smoke. Sex is such a vivid distraction from the nitty gritty of "privatized gain, socialized loss" — also known as GOP welfare.