Former NY Gov. Spitzer: Obama Hasn't Reformed Wall Street

Thursday, 10 Nov 2011 11:34 AM

By Newsmax Wires

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Former New York Gov. Eliot Spitzer is disappointed with fellow Democrat President Barack Obama’s treatment of the financial industry. That’s a sector that Spitzer frequently took on as New York state attorney general.

Eliot Spitzer, Barack Obama, Wall Street“The president embraced a very status quo vision of Wall Street,” Spitzer told Al Jazeera news service. “He did not lead an effort to fundamentally reform the way our financial sector operates. He put Tim Geithner in as Treasury secretary, and Geithner and [National Economic Council Director Lawrence] Summers together were very much status quo voices.”

And what does Spitzer think of the way Obama's Justice Department has gone after Wall Street?

“When it comes to prosecutions, look, I've got to presume good faith on the part of the Justice Department,” Spitzer said.

“But I'm disappointed, as everybody else is. When I was attorney general, we managed to bring cases.”

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