10 December, 2008

It has been revealed that the disgraced former New York chief executive will be dishing on matters of the more mundane. He will be writing about the monetary crunch every other week for Slate's online magazine.

However, it was showing that he has lost none of his trademark arrogance; the column is called "The Best Policy."

In his first piece, posted last night, Spitzer disagreed that federal bailout money should not be used to restructure huge fiscal institutions that may generate vast systemic risk.

"The better policy is to return to an era of vibrant competition among multiple, smaller entities none so necessary to the whole arrangement that it is indispensable," he wrote.

According to Jacob Weisberg, editor in chief for the Slate Group, he went after Spitzer after he penned an Op-Ed piece for The Washington Post last month.

It was Spitzer's first public policy attack since the feds let him off the hook, refusing to press charges in the hooker scandal that torpedoed his governorship after less than 14 months.

"We called him about writing for us," Weisberg said. "He's really thoughtful and knowledgeable about all issues related to the financial market regulation, policy and perfectly suited as a great online finance adviser."

According to Weisberg he is not worried about how Spitzer's personal troubles will reflect on Slate. "I don't think it's appropriate for what he is doing for us," he added. "He will turn out to be a very strong voice on online finance issues."