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Spitler was testifying on New York’s efforts to regulate bond insurance—-there’s a lot of money tied up in that industry. What was Spitler’s real motive?

Some cynics say Attorney General Spitzer was running a protection racket and would call Spitzer an “extortionist.” He would threaten a corporation with a lawsuit…..The lawsuits would cost them millions in legal fees and damage control….so they paid up to “appease the Spitzer beast” figuring a “settlement” would make him go away.

Course every corporate payoff makes the beast stronger and his appetite bigger. He then threatens their neighbor, and then the next neighbor - until the entire block on Wall Street is paying ransom, and then the next block, and so on.

Spitz learned the protection racket from Unions who had learned it from the Sicilian Mafia.

HIS PUSHY PLAN TO BE IN DC FOR TRYST (schemed to skip town for hooker romp)

Spitzer himself sought to testify before a congressional subcommittee that hadn’t invited him - possibly to give him an excuse to be away from home and see a hooker…….When Spitzer did show up Feb. 14, the day after he’d been with “Kristen” a prostitute, Rep. Spencer Bachus (R-Alabama) said the typically unflappable Spitzer “came unglued” under questioning. “Now, it all makes sense,” Bachus said. “I realize that he may have been a little sleep-deprived,” Bachus said with a grin in an interview yesterday.

The subcommittee had requested the NY State Insurance Superintendent (re New York’s efforts to regulate bond insurance) but the governor requested his own invitation….according to committee aides. Spitzer’s office alerted NY reporters he would be in Washington less than a day before the 11:30 am hearing.

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