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NYC mayor defends Wall Street before Obama visit

Xenophon

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The oh so liberal mayor Mike defending the 'fat cats?'

Barry, say it ain't so!

billionaire mayor, who got his start on Wall Street in the 1960s and is considered a national expert on financial matters, argues that too much regulation could endanger the economy as much as others say it would protect it.

Bloomberg's chief argument in the financial reform debate is that companies will take their business to other countries if the federal government restricts the industry too much and taxes it too high.

NYC mayor defends Wall Street before Obama visit
 

jillian

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yeah...why would bloomberg the billionaire who's money was earned b/c of the financial markets worry about wall street regulation?
 
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Xenophon

Xenophon

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He's worried about the revenue flow being cut for the city.
 

Modbert

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yeah...why would bloomberg the billionaire who's money was earned b/c of the financial markets worry about wall street regulation?

It's like a game of clue, with all the answers in front of one's face. :lol:
 

WillowTree

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Wall Street is the life blood of NYC.. is it knot?? :eusa_angel:
 

Care4all

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The oh so liberal mayor Mike defending the 'fat cats?'

Barry, say it ain't so!

billionaire mayor, who got his start on Wall Street in the 1960s and is considered a national expert on financial matters, argues that too much regulation could endanger the economy as much as others say it would protect it.

Bloomberg's chief argument in the financial reform debate is that companies will take their business to other countries if the federal government restricts the industry too much and taxes it too high.

NYC mayor defends Wall Street before Obama visit

What position do you take on this and why, xeno?
 

theDoctorisIn

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The oh so liberal mayor Mike defending the 'fat cats?'

Barry, say it ain't so!

billionaire mayor, who got his start on Wall Street in the 1960s and is considered a national expert on financial matters, argues that too much regulation could endanger the economy as much as others say it would protect it.

Bloomberg's chief argument in the financial reform debate is that companies will take their business to other countries if the federal government restricts the industry too much and taxes it too high.

NYC mayor defends Wall Street before Obama visit

My question is:

Why would you call Bloomberg a liberal? And why would it surprise you that he would defend Wall Street? He's the richest man in NY State, and he made all his money from the financial sector.
 

martybegan

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He's worried about the revenue flow being cut for the city.

This. Mahanttan is a service economy. less $$ for wall street has a trickle down effect on everything from resturants to yankee game tickets. and city gets a cut of all of it.
 

WillowTree

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wonder what part of we can move our money and our banking, and our jobs overseas do libruls not get????
 

Care4all

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soooo, let us get scammed, let crooks be crooks, all because of tax revenues the city/state wants to collect??? Am I getting this right?
 

WillowTree

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soooo, let us get scammed, let crooks be crooks, all because of tax revenues the city/state wants to collect??? Am I getting this right?

No,, nobody forces me to play the stock market. do they force you?
 
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Xenophon

Xenophon

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The oh so liberal mayor Mike defending the 'fat cats?'

Barry, say it ain't so!

billionaire mayor, who got his start on Wall Street in the 1960s and is considered a national expert on financial matters, argues that too much regulation could endanger the economy as much as others say it would protect it.

Bloomberg's chief argument in the financial reform debate is that companies will take their business to other countries if the federal government restricts the industry too much and taxes it too high.

NYC mayor defends Wall Street before Obama visit

What position do you take on this and why, xeno?
Bloomberg is correct, the entire 'attack' on wall street is a fraud cooked up to give Barry a scapegoat to vilify for the coming elections.
 
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Xenophon

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He's worried about the revenue flow being cut for the city.

if revenues fall a little because banks can't use our money to gamble with, is that a bad thing?

i think they should have to gamble with their own money.
NYC is 8 billion in the red right now.

How will cutting more of the revenue stream help.
 
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Xenophon

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wonder what part of we can move our money and our banking, and our jobs overseas do libruls not get????
Rich people are very good at defending their money, the more the gov attempts to Robin Hood them, the more they will move out of reach.
 

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