Gov. Eliot Spitzer said last week that his administration isn’t looking to investigate the investment banks that pushed auction-rate securities that have driven up debt service costs for issuers as auctions failed in the past three weeks.

“I’m not in that job anymore — a couple of years ago I may have had a different answer,” Spitzer said, referring to his previous job as state attorney general in which he investigated many Wall Street firms. “I’m worried about moving forward and making sure that the credit markets are stabilized.”

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