Shot himself in the foot

By now, we're all been inundated with Elliot Spitzer news in the last 48 hours, right?

Short recap: The New York Governor did something stupid by using an escort service prostitute and then more stupid, got caught!

On the way to work this morning, I heard something interesting on NPR radio. So how did he get caught? It all came down to some of his own suspicious bank transactions. But that's not the whole story. You are probably aware of the $10,000 limit on any transaction that banks are required to report to the government. In addition to that, banks also have a Politically Exposed Persons (PEP) list which they cross check. Back in 2001, a New York State General Attorney worked diligently to tighten the rules regarding banks reporting transactions in regards to PEPs in order to prevent crimes such as money laundering, etc.

Guess who that attorney general was? Elliot himself! Doh!