Eliot Spitzer Admits "I Failed Big Time" In Campaign Ad

The disgraced former New York governor released a new video on Monday in which he directly addressed the prostitution scandal that led to his resignation.

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"Look, I failed big time. I hurt a lot of people." Spitzer concedes in the video. "When you dig yourself a hole, you can either lie in it the rest of your life, or do something positive. That's why I'm running."

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