Bloomberg moves his money from the fire and creates his own private equity company to what over business. Hello does this not scream ethics. Mr. Bloomberg is involved in his business and finances and for a city mayor this is not allowed.
See:
http://www.nydailynews.com/news/2010/01/10/2010-01-10_mikes_foundation_takes_hit_investments_with_rattner_firm_flame_out.html
http://gothamist.com/2010/02/20/bloomberg_moves_his_money_from_frie.php
Quadrangle probe run by Bloomberg Friend Rattner
see:
http://www.nydailynews.com/ny_local/2010/02/19/2010-02-19_mayor_bloomberg_pulls_5b_of_his_money_out_of_quadrangle_group_co_probed_in_pensi.html
http://www.nydailynews.com/news/politics/2008/01/16/2008-01-16_mayor_bloombergs_moneyman_is_hillary_cli.html
