Mayor Bloomberg: regulating financial services across state lines is BAD...

[Atman]

...but allowing insurance companies to operate across state lines will help make insurance less expensive (presuming there is no regulation I guess).

He also told Dead Intern Joe that Wall Street didn't need to be regulated, and that Goldman Sachs didn't do anything wrong, they just should have been more "transparent" and the free market would have prevented things like the CDO scam.

Jesus, it's a broken record -- Repubs just cannot accept that, left to "free market" principles, giant corporations will fuck us over every time. That has been proven. Tough, meaningful regulation is essential, not more of their bullshit economic happy talk about everyone playing fair if they were just left alone.

[nradisic]

1. Just go away...

Can you say confilct of interest Mr. Bloomberg?

When is Bloomberg going away? Or can we just shut him up?

[ShortnFiery]

2. Yeah, a BILLIONAIRE can relate to the average American. eom

[marmar]

3. Because other states might curb the excesses of your friends, Mr. Mayor?

And people on this site cheered and defended this assclown.

[saltpoint]

4. Bloomberg's singing from the free market hymnal, off-pitch as usual.

I think he bears watching because he is uniquely positioned to impact presidential politics.

And there he is on a morning cable news program.

Interesting guy.

[unabelladonna]

5. idiot

this guy wants to regulate what NYers eat, but doesn't give a sh-t about his parasitic friends on wall street.

[marmar]

6. Who are the Bloomberg lovers unrec'ing this post?

Maybe some of those who sang his praises and now can't accept that they were fools/tools?