Posted AT 8:07 PM EDT on 10/03/08
Spitzer scandal adds to Wall Street woes
The fall from grace of New York Governor Eliot Spitzer, Wall Street's self-appointed saviour, casts new doubt on the rescue of troubled bond insurers at a time when the teetering U.S. financial sector can ill afford another letdown.
Reports linking Mr. Spitzer to a prostitution ring came just days after he helped quarterback a $1.5-billion (U.S.
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