House Panel To Investigate Spitzer Probe

David Paterson will resign after New York Times exposé: source

(NEWSER) - Less than 2 years after extramarital indiscretions cost Eliot Spitzer the job, a sex scandal is about to chase his successor as New York governor out of office. Media circles have been abuzz with reports that the New York Times is working on an exposé involving Paterson's personal life and the hammer is about to come down, a source tells Business Insider . More»

New rules will impose 'living wills' for banks

(NEWSER) - After months of negotiations, Congress and the Obama administration are ready to introduce new rules on financial institutions deemed "too big to fail." Barney Frank, who heads the House Financial Services Committee, will present a bill as soon as this week that will let the government seize companies, fire executives, wipe out shareholders, and rejigger loan books. Tim Geithner is planning to endorse the plan in testimony on Thursday. More»

Ex-guv working on normal life; his future is unclear

(NEWSER) - As he returns to the public eye, Eliot Spitzer is working on being a normal person—a daunting task for a man long accustomed to power, Jonathan Darman writes in a Newsweek cover story. He’s grown less image-conscious, often spotted jogging around New York in sweatpants. And he makes no bones about having disgraced himself and his family. "No question about that," Spitzer says, admitting he knew hiring a prostitute was wrong. More»

(NEWSER) - Is Client No. 9 getting back into politics? Eliot Spitzer is considering a 2010 bid for his old job as New York’s attorney general, sources tell the New York Post—assuming Andrew Cuomo vacates the post to run for governor. “My record as governor was disappointing,” Spitzer reportedly told friends, “but the voters will remember my excellent two terms as attorney general.” More»

Club VIP managers face sentencing as ex-governor walks

(NEWSER) - The prostitution agency that once served Eliot Spitzer is hardly happy that the disgraced former governor is getting off, at their expense, Salon reports. Spitzer evaded federal charges for patronizing a prostitution ring, prompting an attorney for one of the agency’s bookers—who is facing 6-16 months in jail—to call him a “much more egregious actor than my client.” More»