There’s a curious quote from New York attorney-general Eliot Spitzer in a report in Tuesday’s Financial Times on the indictment of a former Bank of America broker on forty counts of fraud, grand larceny and falsifying business records. The FT notes that the defendant could face up to thirty years in prison.

Spitzer’s comment? “This is state time…State prison has a certain edge to it that is not always present in the federal system. These prisons are not country clubs.”

“A certain edge”? What can he mean?