Lets just come out and say it...Spitzer is toast.
The New York Times, which broke the Spitzer story, has identified the 48-year-old politician [Elliot Spitzer] as Client-9. As described in the FBI document, Client-9 (clearly a repeat customer) apparently went to great lengths to arrange the illicit Washington encounter, choosing to mail money in advance to the ring, instead of using a credit card. Client-9, whose conversations were recorded by an FBI wiretap, would not do "traditional wire transferring," the affidavit quotes one Emperors Club employee remarking. Additionally, the affidavit notes that after her appointment with Client-9 ended, "Kristen" spoke with a Emperors Club booker, who said that she had been told that Client-9 "would ask you to do things that, like, you might not think were safe..." "Kristen" responded by saying, essentially, that she could handle guys like that.The Smoking Gun has the entire disturbing affidavit for viewing and it's not pretty.
Whether or not Spitzer was screwed by someone with an axe to grind does not excuse what he did nor is it a good enough defense for him to keep his job. I'll be the first to admit that the entire episode doesn't pass the smell test but if this was a Republican, you know there would be calls for his head.