Elliot Spitzer is
running for governor of new york (one of those big commie states that's too trendy to be of any practical value). His claim to fame is prosecuting businesses for conspiring to do business (trying to turn a profit so they can pay their employees). The businesses he's been going after are all white-collar jobs dealing with information from other white-collar businesses, the kind of business that would be easily shifted to india. most big businesses are in new york so that they can say they are in new york (like cnn used to whore christianne amanpour to saddam so they could say "live from baghdad"). The most practical reason any company in the financial industry has for keeping large offices in new york is inertia. spitzer is trying to get a place to stand that comes with more leverage. if he succeeds, a lot more than finance is going to get dislodged.
Goe, glad he doesn't live in new york either.