Eliot Spitzer can't give Milberg Weiss' money back fast enough.
Bad money. Bad dirty money.
Apparently, he doesn't want his campaign tainted by being funded by a NY law firm, one of the most prominent, which has now been indicted for racketeering, and every sort of crookery one can imagine.
Here's the article.
Now, one could certainly ask how MW could have been that crooked for 20 years, and yet it is all a big secret.
How the AG for the state they are located in could have not a clue that they are bent as the Mob. At least, if the allegations leveled by the US AG are correct.
I mean, how does that work?
I live in a relatively large town, and everyone knows who the crooks are. It isn't a big secret. Every now and then one of them appears in a garbage bag. Surprises nobody.
Because they are known as the crooked guys.
So how does Spitzer run for Governor, with his campaign financed by a who's who of Wall Street, and groups like MW?
Last time I checked, Wall Street is sanctioned virtually every few weeks for some blatantly illegal or unethical behavior.
And now their favored class action attorneys are exposed as the worst of the worst. Defining a new bottom for the genre, as 'twere.
Anyone notice a bit of hypocrisy here? Just a tad?
Anyone fooled that longtime friend of Cramer, who likes to toss SEC subpoenas on the floor, and deface them, on national TV, could have been the AG of NY for years, and yet NEVER get a whiff that MW was dirty dirty dirty?
Puhleeeese.
I mean, really.
Just another chapter in the, "Maybe if we all pretend there is no elephant in the room, nobody else will notice it" volume that issues forth from NY every day.
Puhleeeeese.
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Another SEC senior official jumps ship.
Enforcement seems to be losing most of their top guys over the last year or so - that probably is no cause for concern, right?
And that they all wind up at super-successful law firms that largely cater to Wall Street or defend white collar crooks is merely coincidence.
What an odd and serendipitous world we live in. Kroll hiring folks instrumental in enforcement in our favorite hedge fund case, enforcement personnel leaving to go work for firms that specialize in defending the bad guys...
It's all just coincidence, I'm sure.