As New York's attorney general, Spitzer was "the sheriff of Wall Street", determined to force bankers to operate within the law. He fearlessly went after the biggest firms, standing up for people who were in danger of losing their hard-earned savings to fat-cat executives. This earned him a reputation that propelled him into the governor's seat and was grooming him to be president.
But it also gave him several formidable enemies. Then the news broke that he was a regular client of a high-priced prostitution firm. And Wall Street celebrated his fall.
Continue reading: Client-9: The Rise And Fall Of Eliot Spitzer Review
The film plainly explains how the financial craziness started with Reagan's deregulation in the 1980s, after which the investment houses started making increasingly huge short-term profits and enormous bonuses. Of course, this money had to come from somewhere, and it turns out that the bankers were knowingly stealing it from the people they were selling bad debt to all along.
Warnings that a crash was coming started in 2004 but were ignored by the government regulators, and more than 30 million average-income people have lost jobs or homes as a result.
Continue reading: Inside Job Review
Eliot Spitzer - Renaissance Mayflower Hotel room 871 Washington DC, USA - New York Governor Eliot Spitzer was outed as having had an alleged affair with a prostitute in Renaissance Mayflower Hotel in room 871 Tuesday 11th March 2008
Eliot Spitzer - Governor of New York, Eliot Spitzer and Senator Chuck Schumer New York City, USA - New York Giants victory ticker tape parade to celebrate winning Super Bowl XLII Tuesday 5th February 2008
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Instead of simply making a documentary about the Eliot Spitzer scandal, filmmaker Gibney cleverly paints...