Released on: March 11, 2008, 11:26 am

Press Release Author: StockPatrol.com

Industry: Financial

Press Release Summary: NY Governor Elliot Spitzer bullied his way to the top by
targeting Wall Street excess. Now that Spitzer has been exposed as just another
\"John\" - paying a web-based brothel for its high priced call girls - he shouldn\'t
expect much sympathy.

Press Release Body: \"Ironic, isn't it,\" StockPatrol.com\'s Hartley Bernstein, noted,
that Elliot Spitzer used a web-based call girl service known as the "Emperor's
Club? \"Only this time it is the Governor who has no clothes,\" as Bernstein pointed
out. In an commentary on StockPatrol.com, Bernstein wrote, \"Actually, we have been
left to imagine what Elliot Spitzer was - or was not -wearing on Valentine's Eve at
the Mayflower Hotel in Washington, but we do know this. He wasn't entertaining Dick
Grasso. Or Kenneth Langone. Or the other Wall Street luminaries he trashed and
burned during his self-serving ascent from New York's Attorney General to it
Governor.\"

No, Governor Elliot Spitzer, the self-styled guardian of Wall Street's ethics and
protector of public morality was trysting the night away with a 5'5" 105 pound
American brunette hooker who later reported to her handler that he was not
"difficult" even if he had a penchant for things that "you might not think were
safe."

Do you think that he had a standing order for "American" prostitutes? No illegal
immigrants for this patriot and family man, now known simply as "Client 9."

Federal investigators first sniffed that something was up when they received reports
that Spitzer had been transferring money to dummy corporations - sparking suspicions
of bribery or payoffs. Instead, the shell companies had been set-up by the Emperors
Club so that high-profile Johns like Spitzer could make payments seem innocuous.
Wouldn't want the wife to see a $4,300 credit card receipt from the Emperor's Club
or the Governor's special Valentine, Kristen.

As Bernstein pointed out, \"Spitzer's Wall Street targets may not be dancing in the
streets just yet, but who doubts they raised a glass or three last night to toast
the imminent demise of a mean-spirited self-righteous hypocrite who was caught with
his pants down and his cash on the nightstand. Spitzer may have made his bones as
the guardian of public ethics and protector of investors, but Wall Street found his
\'take no prisoners\' approach repugnant. \"

Take for example, his determined efforts to unseat former NYSE Chief, Dick Grasso.
Spitzer spearheaded a relentless campaign against Grasso based, in essence, on
claims that Grasso was overpaid. And, like a neighborhood bully, he reportedly
threatened to take action against prominent investment bankers if they did not admit
wrongdoing and pay eye-popping fines - even when his "evidence" scarcely supported
his charges.

How will it all end. Bernstein believes Spitzer\'s fate has been sealed. \"No doubt,
Client 9 will resign in short order or be shown the door. Then he can beg for
forgiveness and offer excuses - maybe enter a celebrity rehab clinic to be treated
for sex addiction or the like. He will spin it one way or another, since that's
what politicians do. But in the end, he will not be remembered as a protector of
investors - or even as a misguided overzealous prosecutor who tried to bludgeon
every opponent, from Wall Street's elite to Republican leadership in the State
Legislature. No, he's just another John getting ready to do the walk of shame.


Web Site: http://http://www.stockpatrol.com/

Contact Details: PO Box 522
Gracie Station
New York, N.Y. 10028