Eliot Spitzer, the former governor of New York who resigned in 2008 after it was revealed he was a client of a prostitution ring, has a new campaign ad for his run for New York City comptroller in which Spitzer admits he “failed. Big time.” The 60-second ad, which features one news anchor saying the “Sheriff of Wall Street is back,” mainly focuses on Spitzer explaining why he’d like to run for comptroller, which controls the city’s budget as well as the pension funds for city workers.

Watch the ad below: