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...during the next several years. Hitler's ruthless domination of Europe was, said TIME, "the greatest threatening force that the democratic, freedom-loving world faces today." The 1938 Munich pact confirmed it: he won a hands-off promise from Britain and France, and the stage was set for his pursuit of World...

Author: /time Magazine | Title: The 75th Anniversary Of Person of the Year | 12/30/2002 | See Source »

...financial markets. Analysts, Spitzer would show, were doctoring their reports--which the public relies on for stock information--to win business for their banks' investment arms or to downgrade companies that didn't play ball. Insiders knew the scam; folks in the heartland had no idea. Spitzer's aggressive pursuit of Merrill Lynch and, subsequently, a dozen other Wall Street firms turned the tables. The new ethics he championed are touching in their simplicity: analysts' ratings should reflect what they actually believe. There has not been such an affirmation of what's right since Moses and the Ten Commandments...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

...Spitzer is that he's ambitious, that he has his eye on a bigger prize. To his (off-the-record) critics on Wall Street, his pursuit of investment banks smacks of opportunism and grandstanding, of a public official out of control. "This could have been handled more effectively away from the glare of the press," says a senior executive at one of the banks Spitzer has gone after. But if this is all a political ploy, a platform from which to run someday for, say, Governor of New York, it's certainly not in most politicians' playbooks to take...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

Spitzer's case against Wall Street is as gutsy as his earlier pursuit of Mob interests in New York City. Everyone knew that organized crime controlled the trucking business in the city's garment center, but no one could figure out how to crack it or how to make the case. At the time Spitzer was the 33-year-old chief of the labor-racketeering unit at the Manhattan district attorney's office. A few attempts to wire undercover agents had failed, in part because the target--the notorious Gambino family--was wary of such tricks. So Spitzer came...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

...Spitzer challenged gun manufacturers who supply retailers involved in illegal sales. Though the case has not yet succeeded, Spitzer used a novel legal tool--the "nuisance law," arguing that such firearm sales created a "harmful condition" that required a change in business practices. Then in 2001 he began his pursuit of Wall Street...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

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