While New York Governor Eliot Spitzer was paying an “escort” $4300 in a hotel room in Washington, just down the road George Bush’s new Federal Reserve Board (Reserve Bank) chairman, Ben Bernanke, was secretly handing over $200bn in a tryst with mortgage bank industry speculators.

Both acts were wanton, wicked and lewd. But there’s a big difference: the Governor used his own cheque book; Bernanke was using taxpayers’ money.

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