Eliot Spitzer to Run for New York City Comptroller, Will Collect Petition Signatures at Midday at Union Square

Wall Street is not popping the champagne today, but many in the 99 percent are cheering.

Eliot Spitzer, the man who has offered Wall Street titans some of their most formidable challenges in recent decades, is throwing his hat once more into the political arena. Spitzer, known for having transformed the office of New York state attorney general into a platform for taking on corporate abuse and criminality, will run for New York City comptroller, a powerful position whose occupant manages the city’s fiscal affairs.

Spitzer, as we all know, resigned as governor of New York amid a prostitution scandal back in 2008. In the interim five years, he has kept busy teaching political science and doing two TV stints, one on CNN and another on Current TV. He has never lost his appetite for politics, and the bristling energy he brings to issues of Wall Street malfeasance, consumer rights, and corporate responsibility have never subsided. If anything, they’ve grown stronger.

He has announced that he intends to collect the necessary 3,750 signatures by Thursday in order to make it on to the ballot. Spitzer will appear at Union Square at midday to connect with voters and gather signatures.

"I'm hopeful there will be forgiveness, I am asking for it," the Spitzer told the New York Times.

With Anthony Weiner running for mayor of New York — and perceived to be the frontrunner — anything is possible. And Spitzer, after all, is much more formidable, both as a mind and a political force, than Weiner.  He also has very powerful enemies who may stop at nothing to sabotage his race.

Manhattan Borough President Scott Stringer is probably Spitzer’s biggest rival for the office, and he has a war chest of $3.5 million.

Politics in NYC sure got a whole lot more interesting.


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