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Despite the deep embarrassment of his resignation over a prostitution scandal, former New York Governor Eliot Spitzer appeared on Stephen Colbert’s television show last night to provide his understanding of where we stand in recovering from the financial meltdown. Since he also previously served as New York’s Attorney General and was responsible for several significant investigations of financial crimes, his view on the situation is particularly noteworthy. Spitzer summarizes the situation from the start of the interview: “You should be furious because what’s happening is that we are rebuilding the system exactly as it was before.” The entire interview is a clear warning that further problems await if we don’t enact new safeguards for the system:

See the full article from “Firedoglake (blog)”