The XX Factor: Slate women blog about politics, etc...

Spitzer Down, Dow Up!

"Dow Climbs 416.66 for Its Biggest Gain in Over Five Years," reports the New York Times. The Gray Lady attributes it all to the actions of the Fed, which "injected a burst of financial adrenaline into the ailing banking system." Well, maybe so! But maybe the adrenaline was pure schadenfreude, as Wall Street celebrated the downfall of Archenemy No. 1.

And this, incidentally, is why L'Affaire Spitzer is tragedy as well as farce, for the nation as well as for his family. Spitzer did a whole lot of good in his long career, especially as New York attorney general. His hypocrisy on the-- ahem!  --small matter of prostitution rings shouldn't lead us to forget that. Let's hope the many good causes he championed don't suffer the same fate as his career.