The WSJ has "titans of finance" cheering Spitzer's demise. After all, since he was caught having sex with someone not his wife, that makes everything they've pulled seem ok!
That'd seem to be absolutely ridiculous, considering that shady investment and banking practices have a fair bit to do with both the real estate collapse and the dot.com collapse. Regulators like Spitzer were the only thing between these guys and whatever healthy markets are left.
But, of course, reporters being what they are, they're unlikely to pay attention to that. After all, understanding finance is hard. But understanding prostitution? That's as easy as it gets.