David Kirkpatrick

March 11, 2008

The law of unintended consequences …

Filed under: Business, Media, Politics — Tags: , , , — David Kirkpatrick @ 5:46 pm

in action. the NY governor falls, Wall Street rises. This is going to be my only post on the Eliot Spitzer situation.

From the Corner:

Dow Sees Biggest Gain in Five Years   [Stephen Spruiell]

The Fed’s latest injection of liquidity into the market, or a rampant outbreak of Spitzerfreude-related euphoria? I have to think the fact that everyone on Wall Street is in a good mood had something to do with it.

I think there’s actually something behind this little theory. Spitzer was roundly hated on Wall Street dating back to his days as NY’s attorney general.