THE MAN WHO RUINED THE MUSIC InDUSTry! 2

ELIOT SPITZER: This one man was the reason me, and thousand's lost
their jobs.

It is also the reason I had to move from Los Angeles back to Phoenix
due to financial reasons. Ahhh...karma...sweet karma!

Karma Train Runs Spitzer Down In Hooker Ring Sting, Apologizes But No Resignation ... Yet

Is Spitzer Into His Own Pay-For-Play?

I have acted in a way that violated the obligations to my family and that violates my -- or any -- sense of right and wrong.

NEW YORK Gov. ELIOT SPITZER -- the man who as State Attorney General magnified payola allegations to the point where the labels and radio had to settle to the tune of many millions of dollars, and many lost their jobs as a result of the allegations -- is facing some karmic justice of his own today. After revelations of his involvement in a prostitution ring was reported in TODAY's NEW YORK TIMES, SPITZER abruptly scheduled a press conference this afternoon to deal with the allegations.

The local CBS-TV affiliate is now reporting that "SPITZER was not expected to continue as governor and may resign by MONDAY evening...Reliable sources told CBS 2 Political Reporter MARCIA KRAMER that Lt. Gov. DAVID PATERSON could be sworn in as governor as early as 7p MONDAY."

SPITZER did not mention his resignation in his statement to the press, in which he said: "I have acted in a way that violated the obligations to my family and that violates my -- or any -- sense of right and wrong. I apologize first, and most importantly, to my family. I apologize to the public whom I promised better. I do not believe politics in the long run is about individuals. It is about ideas, the public good and doing what is best for the State of NEW YORK. I am disappointed that I failed to live up to the standard that I expect of myself. I must now dedicate some time to regain the trust of my family. I will not be taking questions. Thank you very much. I will report back to you in short order. Thank you very much."

According to THE TIMES, SPITZER was identified in court papers as a client in a prostitution ring. "The governor’s travel records show that he was in WASHINGTON in mid-FEBRUARY," the story asserted. "One of the clients described in court papers arranged to meet with a prostitute who was part of the ring, the EMPERORS CLUB VIP on the night of FEB. 13th."

Expect more details shortly on this developing news story.