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

(Newser) – 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.