Now that New York State Attorney General Eliot Spitzer's probe has taken down the chairmen of Putnam Investments and Strong Funds, and has called the fund industry a "cesspool" filled with "vermin" in the process, he's not only gotten the attention of the entire regulatory force in the nation. He's riled the public.

And in so doing, Spitzer has instigated a probe that will inevitably lead to sweeping change.

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