Word: corruption
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...expected him to be a weak prime minister, he surprised the country by consolidating power, reaching out beyond his Shi'ite base and embracing the cause of national unity. Still, Maliki's State of Law coalition has significant weaknesses. Though untouched by scandal himself, the Iraqi government is notoriously corrupt, and voters remain unhappy about the lack of services such as electricity...
...reputation for integrity. That the reality of his conduct was more complicated - the famously violent temper, the time wasted in petty turf wars with state legislators - hardly mattered. He spent eight years as attorney general of New York and became known as a defender of the public against the corrupt impulses of Wall Street. He investigated subprime-mortgage lenders for making unscrupulous loans, went after AIG for bid rigging and charged stock analysts with deceptive practices. His nickname, the Sheriff of Wall Street, and his I'm-better-than-everyone-else persona carried him into the governor's office, where...
...rage toward corrupt bankers seems to course through his body - even when he's on vacation. He recalls a recent trip he took with his daughter to Utah to go skiing (something he often does nowadays). After a day on the slopes, he found himself drinking Scotch and talking to some "Wall Street guys" at the bar: "I looked them in the eye and said, 'You guys aren't worth it. Capital is overcompensated these days. It's un-American, and it's unjust.'" Spitzer thinks it's an outrage that the same bankers who brought down the world economy...
...spent several years as an analyst on Wall Street, watching Spitzer's crusades against corrupt stock research and rigged IPOs play out around me, defending his actions to colleagues who ranted that he was motivated only by political ambition. To learn that Spitzer was the world's biggest hypocrite, that he'd thrown it all away to frequent prostitutes, was devastating, a lapse that could never be forgiven. (See the top 10 crooked CEOs...
...crowd from across the street while sipping on a soda, rubber-bullet loaded gun slung across his shoulder, didn't like the idea of non-police enforcment of the DUI ordinance. "No one besides the police are prepared to do this work," he said. His only response to the corruption allegation was philosophical: "a corrupt person isn't only someone who takes the bribe, but one who offers it too." (See pictures of Mexico City's police fighting crime...