Friday, March 16, 2007

Another Spitzer Claim Bites the Dust - WSJ Op/Ed

Remember when Trust Fund Baby Spitzer tried to blackmail AIG Chairman Hank Greenburg? When Greenburg didn't rollover, Spitzer went to the press to conduct the trial there. The WSJ fills in the details on the recently released report that exonerates Greenburg and raises questions about Spitzers methods:

One of his smears accused Mr. Greenberg of bilking the Starr Foundation, a New York charity. A report released this month by an independent committee exonerates Mr. Greenberg of that charge, even as new facts have emerged about Mr. Spitzer's nasty prosecutorial methods.
...
We now know this was merely one more hardball attempt to bludgeon Mr. Greenberg into settling the unrelated AIG charges. Sources who were part of the discussions at the time now say that Mr. Spitzer made clear that, unless Mr. Greenberg admitted guilt in the AIG case and personally wrote a check for north of $500 million, the AG would go public with the Starr allegations.
...
Mr. Greenberg is fortunate in that he is wealthy enough to defend himself and is also at the point in his life when he has little to lose from fighting a legal case to restore his reputation. Many of Mr. Spitzer's other targets weren't so lucky and had no choice but to settle or risk ruin. Mr. Spitzer and his former gang of bully boys in the AG's office owe Mr. Greenberg and the Starr Foundation an apology.

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