Eliot Spitzer has a new job: opinion columnist for Slate.

What was it that Groucho Marx said about joining a club that would have him as a member?

His first column on the financial meltdown, however, is more toward NRO’s view of things than some would believe:

It is time we permitted the market to work: This means true competition with winners and losers; companies that disappear; shareholders and CEOs who can lose as well as win; and government investment in the long-range competitiveness of our nation, not in a failed business model of financial concentration and failed risk management that holds nobody accountable.

The rehabilitation has begun . . .