Another Loss for Eliot Spitzer

A New York appellate court has ruled that former state attorney general Eliot Spitzer lacked the authority to challenge the huge pay package of former New York Stock Exchange Chairman Dick Grasso.  (Spitzer subsequently went on to become New York’s governor, before resigning in a prostitution scandal).  During his tenure as state attorney general, Spitzer acted as if he had the power to regulate everything in or affecting New York State, as if he were a superlegislature.  A CEI study, The Nation’s Top Ten Worst State Attorneys General, rated him the third worst attorney general in America.