Hero for the Week: Eliot Spitzer

New York state attorney-general Eliot Spitzer is my hero for the week. Spitzer appears to be taking over the job of the SEC since they have clearly proven themselves incompetent in enforcing regulations on Wall Street. His testimony before the Senate on Monday managed to shock the SEC into action. This is not the first time that Spitzer has stepped into this void. Last year he forced the major Wall Street firms to a class action settlement. And he's been chipping away ever since. These are issues that need to be dealt with, and since the federal government apparently has no interest in it, it's a damned good thing Spitzer is there to take up the task.