Former Governor of New York Eliot Sptizer has resurfaced recently and made several appearances on cable programs such as The Dylan Ratigan Show and The Colbert Report.
Spitzer has been an outspoken critic of the Obama administration’s failure to properly regulate the big banks in order to prevent another great economic crisis. While on the Colbert Report this past week, Gov. Sptizer stated that the financial sector is being rebuilt in exactly the same manner that made the first collapse possible. He went on to say that nothing has been done to correct the issues with systemic risk in the financial sector. In fact, Spitzer continued that the very same banks that took billions of dollars from the American taxpayers and gambled it away with hopes of big profits, are at it again, and very little has changed. The only difference now is that these banks are backed by the federal government.
With all of his recent appearances, political pundits have begun to gossip about a potential comeback for Spitzer. He has name recognition in New York from having served as Attorney General and Governor, but some say his scandal has left his too damaged to ever return to politics. While on the Colbert Report he dodged a question about his return only stating that "there is a certain virtue about being able to tell the absolute truth and being able to stick it to people." Could this be his future campaign slogan? Lloyd Grove from the Daily Beast report that Sptizer has been speaking with friends about a possible run for U.S. Senate or New York Comptroller. He goes on to say that his sources tell him that Spitzer is not ready to return to private life just yet.
Whatever he decides to do, Spitzer needs to make sure that his complaints are heard, because if only half of what he says is true about our economy, then we are all in for a scary 2010.