Many believe that Elliot Spitzer is cleaning up Wall-Street, although it is fairly obvious that his is much better at filing bogus lawsuits and then alerting the media with 8800 press releases. We should have a big problem with Elliot Spitzer if we are honest about our financial markets. By filing bogus lawsuits we end up hurting good companies and scaring monies away from financial markets or cause stocks and mutual funds. It is similar to the threatening Al Qaeda and International Terrorists.

Additionally I see the attacks of Spitzer and his cronies attack money managers, rather than looking into the Wire Houses and their ongoing abuses. The money managers are not necessarily bad, in fact they serve a very important purpose. Additionally many of those who are investing are in fact gambling and trying to get something for nothing and they should be held accountable to their trying to cheat the odds and roll the dice. They complain, piss and moan, every time the market hick-ups? Well, that is what markets do?

So there are significant consumer abuse issues, which we are not allowing for or holding the investing public accountable for. Markets go up and down, now if you are in it for the long haul you will do fine. But with Elliot Spitzer around and your mutual fund being attacked and Elliot filing cases each week, because he sees some retained earnings in a Wall Street Company and he wants to fund more Attorneys General offices in NYC and more lawyers, then well, whose fault is that; The money manager? Why?

Money does not grow on trees; one has to be careful. There are some excellent financial planners, money managers, wealth management companies out there, that help families keep their hard earned monies or those which have been passed down. If a manager sucks or is dishonest, then I have a problem with them personally. But what Elliot is doing is not good for our nation or the market, it is extortion, a fishing expedition, and he is considered by many an insider who knows the truth as a self aggrandizing punk, out for personal gain and a political future. He has caused more loss in the grandmas portfolios by 50-fold than anyone he has ever caught with their hands in the cookie jar.

Like wise as I watch the regulators destroy the publics trust in the market and cause company's stock to plummet or an entire industry hit a negative sector rotation downturn, due to him sending out a few letters, then alerting some 8800 news outlets, it shows me he doesn't care one bit about what he is doing. Worse off their are government regulator lawyers in many an agency at every level trying to follow his footsteps and they are making a mockery of our financial markets, making us the laughing stock of the world and sending companies out of the country to greener pastures.

The truth is we have the best and most honest markets in the World. We have the worst bureaucracy, extortion by government lawyers and absolute cowardess to address the real issues. Why don't you hear about that? I'll tell you why? Because everyone is afraid to say it and they are so busy filling out forms all day, talking on-going education classes, trying to comply with laws which change 6 times per week, asking their lawyers if they can use the rest room and calling their accountant for the toilet tissue estimated usage form, that you don't have time to complain. Meanwhile if they do, they know that they will become the next sacrificial target in Elliot Spitzer political career.

Look here is the deal either we all play to win, or we divide and fall. This constant attack is killing us. You cannot regulate morality, nor should you try. If you want to regulate morality, start with the regulating the regulators themselves first, start with Elliot Spitzer