Schad & Freud (in Uganda)

Following revelations of Mr Spitzer’s own alleged “irregular dealings” there is no little sense of satisfaction on Wall Street at his probable demise:

One might call it Shakespearian if there were a shred of nobleness in the story of Eliot Spitzer’s fall. There is none. Governor Spitzer, who made his career by specializing in not just the prosecution, but the ruin, of other men, is himself almost certainly ruined

writes the WSJ, in an article that cannot quite keep the glee out of its reporting. According to the FT “as the news broke, cheers were heard on the New York Stock Exchange floor”. I can imagine it.

Be interesting to see if he can extricate himself from this.