Huffpost New York

Colbert To Eliot Spitzer: You're Honest Because 'You've Got No Public Image To Uphold' (VIDEO)

Posted: Updated:

Former New York Governor Eliot Spitzer was a guest on "The Colbert Report" Tuesday for the first time since February of 2008, just weeks before his infamous prostitution scandal broke.

Right off the bat Colbert established Spitzer's bona fides, joking that the ex-governor must be honest because he's "got nothing to lose" and "no public image to uphold."

Spitzer gamely played along, telling Colbert that "there is a certain virtue to being able to tell the absolute truth and being able to stick it to people without worrying about repercussions."

Spitzer used the opportunity to continue his recent criticism of the Obama administration's handling of the economic crisis, quipping that "the same people running the banks, who destroyed our economy, are still there."

"The team of Summers and Geithner," Spitzer continued, "has been an... abject failure."

WATCH: