Tag Archive | "bloomberg"

Is Bloomberg Polling or Palling?

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by Jonas S. Lieberman

 

Why is the company owned by Jewish Mayor Bloomberg of NYC (Owner of Bloomberg radio & media) participating in “Election Polling” together with the LA Times? To me & Sarah Palin this would be referred to as “PALLING” together. This is the newspaper that is withholding the Rashid Khalidi video tape of Barack Hussein Obama. The LA Times is withholding information from the public that could affect the outcome of Tuesdays presidential election. This is the tape that may provide what Obama was saying & doing at a Jew hating, Israel spew hating party with un-repentant terrorist Ayers & Dorn & former terrorist PLO spokesman Rashid Khalidi. This  tape  has exactly one day to surface and has Obama so scared because it may change the face of this presidential election. Obama and his Chicago style political muscle have allegedly threatened the LA Times into withholding the video.

 

Mayor Bloomberg has found himself in an embarrassing  quandary, caught up as a Jew and as a Democrat. This relationship of his company and the LA Times has been ongoing for over 18 months and effectually could lose him the Jewish vote and consequently the election as a third term Mayor for NYC. Why was this association not important until now? Because the Rashid Khalidi video tape was not a hot topic of discussion until recently and Mayor Bloomberg just had the city council approve a third term run just the other week. The terms have changed.

 

What is more important to Mayor Bloomberg? His third term  as Mayor of NYC or the presidential election of Obama? A difficult dilemma indeed.

Bloomberg warns of possible ‘next wave’ crisis

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The billionaire mayor spoke before an audience at Georgetown University, telling them it’s not clear who is going to continue buying U.S. debt as financial firms try to cope with a crisis of confidence on Wall Street.

The mayor is scheduled to meet Thursday morning with Treasury Secretary Hank Paulson and Securities and Exchange Commission Chairman Chris Cox.

Before becoming mayor, Bloomberg made a fortune by launching a financial information company that bears his name, and he has more credibility than most politicians on economic matters.

Bloomberg said he was concerned that the credit crisis in the United States may scare off foreign investors that, until now, have been willing to buy debt that the U.S. uses to maintain a deficit.

“It’s not clear who’s going to be buying our debt,” said Bloomberg. “It may very well be that the next wave is going to come back and bite us.”

The mayor, a Democrat-turned-Republican-turned independent, regularly criticizes both parties, the Congress, and the White House for what he says is their lack of foresight. He said the current economic crisis is the latest example of the same problem.

“We have on both sides of the aisle, on both ends of Pennsylvania Avenue, thrown caution to the wind. We pay lip service to responsibility,” he said, as he sat onstage in an armchair, fielding questions from Georgetown President Jack DeGioia.

Bloomberg had originally planned to give a speech about the economy, but amid the fast-moving events on Wall Street, he scrapped the speech and went with a question-and-answer session instead.

“The systemic problem is we’ve all gotten into a situation where we want it now, there’s no pain … We keep saying we want to have it, we don’t want to pay for it. You can’t go on forever not addressing the key issues in this country,” like health care and immigration, he said.

Asked about government regulation of the U.S. economy, he said that while some complain it is excessive, the United States has a competitive advantage because in many other countries “you would think that most (corporate financial statements) are just made up.”

In fact, just last year the mayor and New York Senator Charles Schumer issued a lengthy report decrying what they saw as overreaching and overly demanding regulation of business.

Back then, Bloomberg and Schumer wrote that enforcement of a 2002 law toughening business reporting requirements “produced far heavier costs than expected (and) has only aggravated the situation,” putting the U.S. at a competitive disadvantage with other financial centers like London.

Fast forward to 2008 — and the meltdown of confidence in U.S. financial markets — and Bloomberg had many nice things to say about regulation, including the Depression-era Glass-Steagall Act that separated commercial and investment banking, and was scrapped in 1999. As the modern financial sector has struggled, many Wall Street watchers have suggested resuscitating the old law.

Bloomberg did, though, continue to argue for a reordering of the current regulatory thicket.

“The real world has changed,” he said, and old government agencies no longer are equipped to monitor companies that offer a combination of services, like insurance and investments and banking.

“All of these industries, the participants all do the same thing so there’s a mishmash and there’s too many places for things to slip through the cracks. I don’t know that the regulators are asleep at the switch. The structure is not suitable for the real world.”