It's been a long 48 hours since the news first broke, but Eliot Spitzer has resigned, as it was almost sure that he would.
On Monday, the New York State governor, allegedly known as client #9 to the prostitution ring he was involved with, has suffered a life and career devastating blow.
It is speculated that Spitzer spent a large sum of money on prostitutes over time, but another potentially damaging facet is the possibility that he may have used state employees to facilitate his meetings with prostitutes.
Word is that the 48 hour lag before the inevitable was a result of Spitzer buying time in order to look for a plea deal. No such deal is evident at this time. Spitzer, a lawyer, may be disbarred depending on whether or not he pleads guilty to the federal offense of wiring money and bringing a prostitute over state lines.
In his statement, Spitzer said he has spent last few days apologizing, mostly to his family. As to his short gubernatorial reign, he said he feels remorse regarding a "sense of what might have been" but feels he had also accomplished a lot.
March 17 will be the first day as Governor of New York State for Lt. Governor David Paterson. Paterson is immediately faced with a more than $5B deficit.