Former New York Governor Eliot Spitzer got good news today. Federal prosecutors announced they will not file charges against him.

"I appreciate the impartiality and thoroughness of the investigation by the U.S. Attorney's Office and I acknowledge and accept responsibility for the conduct it disclosed," Spitzer said in a statement today. "I resigned my position as Governor because I recognized that conduct was unworthy of an elected official."

That Spitzer won't be charged is only part of the story. The real news is that Spitzer has been cleared of financial wrongdoing.

Prosecutors had considered bringing charges connected to money laundering, or "structured withdrawals" to hide illegal movement of funds.

"After a thorough investigation, this office has uncovered no evidence of misuse of public or campaign funds," said U.S. attorney Michael J. Garcia.

As to no filing of prostitution-related charges, he was treated the same as everyone else:[More...]