NEW YORK – And So Eliot Spitzer is out. He’ll be long gone by Monday and I’m fine with that, but here’s what I’m not fine with: the reaction on Wall Street because the traders and the bankers and the hedge fund mangers I’ve talked to are positively giddy about Spitzer’s downfall. And that’s not right.

Jami Floyd has the Last Word on Wall Street’s gleeful reaction to Eliot Spitzer’s downfall.

First of all there are his wife and children to think about, no one should be happy to see them suffer. But second, and most offensive, is the reason these money men are tap dancing on Spitzer’s political grave.

It’s because he went after Wall Street with a vengeance, he vowed to root out white-collar crime, to clean up the corruption down there and he did. And that’s a good thing because greed is not always good.

So yes, it’s shocking to see the anti-crime crusader caught up in an FBI vice sting, but whatever Spitzer’s bad acts turn out to be it won’t excuse the corruption on Wall Street he sought to cure.

And that is the Last Word.

– Jami Floyd, In Session anchor