I don’t necessarily agree with everything in the article, but it has a lot of good points and a killer opening (Hat tip: L. Xu):
Putting together everything we’ve learned over the past 10 days about high finance in Manhattan, one thing is clear: If Eliot Spitzer had saved all the money he apparently paid “Kristen” and her co-workers at the Emperors Club, he could have bought Bear Stearns.