Joshua Wright, one of several guestbloggers holding forth at Larry Ribstein's, argues that big record labels like Warner and Sony actually have reason to be glad that the New York attorney general is punishing them for participating in costly song-promotion schemes. (Please don't throw us in that briar patch, Mister Spitzer!) See also Jul. 28. Tom Kirkendall comments too, and also has things to say about Spitzer's decision not to pursue criminal charges against former AIG chief Hank Greenberg and about how the Grasso affair (more, more) is playing out in the press. And Prof. Bainbridge is provoked by some pro-Eliot comments in the magazine New York.
Spitzer's payola settlement