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Mr. Spitzer is continuing to burnish his credentials. If he's taking a page out of Guiliani's playbook, can a run for higher office be far behind?

A fine to Citibank resembles coals to Newcastle. You will also note there is no mention of Weill or any other 'usual suspects'.

........in January 2000, Salomon's top research execs held a "Best Practices Seminar" allegedly to teach its analysts how to fudge their financial models to help investment banking clients meet earnings expectations. "It probably goes beyond smacking of fraud. It is virtually an instruction on how to commit fraud" .......

The breathtaking scope of the wrongdoing is evident. They really thought they could get away with it.

Spitzer is taking a page from the Giuliani political playbook. G'ani made his name going after Wall Street criminals....most of the cases went nowhere. Except for Michael Milken (Gary Winnick's mentor), Ivan Boesky and a few others in the "greed is good" crowd.