Thursday, September 15, 2005

Spitzer calls critics 'apologists for the powerful'

Sept 15 - New York Attorney General Eliot Spitzer on Thursday refuted accusations he was "overaggressive" and said critics were often "apologists for the powerful and politically connected who commit crimes."

Spitzer, who's running for New York state governor as a Democrat, has been the subject of negative editorials in The Wall Street Journal, saying he is too zealous in attacking investment banks, the mutual fund industry and insurance companies for practices that have been common for years.

"These people are taking sides against integrity and for distortion," said Spitzer at a press conference announcing the 37 counts of fraud against eight former top officials of Marsh Inc., the world's largest insurance broker and a unit of Marsh & McLennan Inc. [Reuters]

Related story: Eight ex-Marsh officials indicted over bid-rigging [Reuters]


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