Posted On: May 12, 2005, 3:13 pm CDT

Posted By: Rolf Neu

Mr. Csiszar's comments may play well with the members of his industry group but they are cavalier and grossly exagerated. Let's stop calling any activity or action we don't like "terrorism'. Let's reserve that term for what happened to real victims of 'terrorism' like those on '9/11' or elsewhere.

The fact that Eliot Spitzer may have higher political ambitions does not make the people and industries he's taken to task any less guilty. All the parties who have reached 'settlement' with Spitzer have done so only because they knew they were guilty of the misdeeds that Spitzer had accused or charged them with.

Politically the worst thing that could happen to Eliot Spitzer would be that he wrongly accuses or indicts someone because people like Mr. Csiszar would love to be able to 'nail' him. The fact is todate Mr. Spitzer has done his homework and accurately identified his targets.

Mr. Csiszar should spend less time throwing around incindiary comments like 'terrorism' and 'McCathyism' and make sure that all his association members operate legally and ethically. No doubt AIG was a member of his association and Mr. Greenberg was probably revered as as one of their icons.

Any industry that spends as much money on lobbying and makes millions of dollars of political contributions to have it 'their way' probably is not operating in the best interests of the public. I for one welcome Mr. Spitzer's spolight as it has todate always proven to be very illuminating.

If any innocent employees lose their job they and we should not blame Eliot Spitzer but rather blame the management (including the company's board of directors)of the corrupt companies. Had the Marsh board or the AIG board done their jobs, their employees might not now be in jeopardy of losing their jobs.

It seems the only 'real' fault anyone has found with Spitzer is that he may have higher political ambitions. If anyone deserves a 'promotion' to a bigger political office it is Spitzer. He has done what none of the other 49 Attorney Generals, the U.S. Justice Dept. and/ or the SEC have done or should have done.

If we are examining 'political' motives, perhaps we should also question Mr. Csiszar's political ambitions. No doubt bashing Elitot Spitzer wins him gold stars with his industry group and his Republican friends.