It wasn't long ago that Eliot Spitzer, reveling in the glory of a national media frenzy for having shaken down Wall Street scams with a power not even the entire Securities and Exchange Commission could muster, hinted he might one day run for president of the United States.

That hardly seems plausible now, due to the Troopergate investigation over whether the New York governor's top aides dug up dirt on his Republican rival, Senate Majority Leader Joe Bruno; Spitzer's own refusal to testify as to whether his henchmen were following his orders; and the distinctly growing possibility his aides perjured themselves to cover up for him.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.