Spitzer predicted the economic crisis, tried to stop it and was subsequently removed from office

Wow. It is does make sense.

Let me explain: In February 2008, Spitzer, who was still governor at the time, published an article in The Washington Post entitled “Predatory Lenders’ Partner in Crime: How the Bush Administration Stopped the States From Stepping In to Help Consumers.” In this article, Spitzer claimed that – for years – consumer protection agencies have been trying to curb the shady lending practices of many mortgage lenders.

Apparently, many banks were (are?) luring in unsuspecting consumers by “misrepresenting the terms of loans, making loans without regard to consumers' ability to repay, [and] making loans with deceptive "teaser" rates that later ballooned astronomically.” When Eliot “Ness” Spitzer and his band of freedom-fighting consumer rights advocates attempted to intervene, the Bush administration curbed their efforts.

From the article:

Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government… Several state legislatures, including New York's, enacted laws aimed at curbing such practices.

What did the Bush administration do in response?

[…] Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.
As Americans presently find themselves in a national financial crisis, it appears Spitzer was on to something – something that could have possibly prevented the current economic downturn and exposed the corruption of the Bush administration.

But -- less than a month after the publication of his pseudo-expose, Spitzer found himself in the middle of a prostitution scandal that would ultimately lead to his removal from office.

Is it merely a coincidence? Perhaps, but the sequence of events, as well as the fact that the discovery of Spitzer’s involvement with the prostitution service Emperors Club VIP came from federal wiretapping, suggests otherwise.

Read on.

On March 2008 is when Spitzer resigned as Governor because his tryst in the Emperor Clube scandal. He resigned three days after the scandal broke.