Spitzer may return to office

Disgraced former New York Governor and one time financial regulator Eliot Spitzer could return to politics, according Peter Elkind, author of "Rough Justice: The Rise and Fall of Eliot Spitzer," which is due out today, Reuters reports.

Spitzer has two advantages: a personal fortune to finance a future campaign and a history of fighting misdeeds on Wall Street, said

"The financial meltdown has really accelerated the potential speed of his rehabilitation. It's just a horrific disaster and people are looking to see who was on the right side of that issue, and he was as attorney general," Elkind said.

Sheriff of Wall Street

Spitzer won the nickname "Sheriff of Wall Street" for high-profile investigations into cases such as the $140 million compensation for former New York Stock Exchange CEO Dick Grasso and fraud allegations at AIG years before it was bailed out by Washington.

Spitzer resigned as governor in March 2008, after it was revealed he had been hiring prostitutes. He spent $100,000 on high-priced prostitutes from the Emperors Club VIP, once ordering three women for separate interludes on the same day, the book says.