WHAT CITY SO NOT NICE IT GOT NAMED TWICE: NEW YORK, NEW YORK WHERE WALL STREET WAS BUILT IN THE NEW AMSTERDAM TO KEEP THE INDIANS WHO OWNED THE WHOLE LAND OUT OF THEIR OWN TRADE AND EXCHANGE THE CITY THAT IS TWO TALES AND MORE ASK HIAWATHA AND THE SIX NATIONS THAT WERE ALSO MADE EXTINCT

In reality, this is about one thing and one thing only: money. New York has become a true tale of two cities in the Bloomberg era, and the rich don’t want Spitzer in control of $140 billion in city pension funds, making him instantly one of the world’s most important activist investors. That would be too taxing on the executive class, and they and their friends stick together. So women’s groups or other big-money donors can come up with some “legitimate” reason to oppose Spitzer, but nobody’s really fooled.

Wall Street initially put together a SuperPAC, “Forward NY,” to funnel money to Stringer. Then, when it looked like Spitzer would win, they abandoned the effort. The big reason was that they would probably have to disclose their donations, which would give Spitzer something of a hit list identifying who tried to stop his candidacy (in addition, donors who also had contracts with city pension funds would be breaking the law, and the disclosure would show it).

http://www.nakedcapitalism.com/2013/09/david-dayen-character-attack-on-spitzer-veiling-wall-street-led-establishment-assault-on-his-comptroller-candidacy.html