Post-Bloomberg Bloomberg

dealmaker · Feb 19, 2020

Post-Bloomberg Bloomberg

If Michael Bloomberg wins the presidency, he will sell his eponymous company, campaign adviser Tim O'Brien has said. O'Brien: "There will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering…We will be 180 degrees away from where Donald Trump is on these issues because Donald Trump is a walking financial conflict of interest." CNN

Maverick2608 · Feb 19, 2020

If he IPO's it, I assume he will pay FTT on the transaction.

lindq · Feb 19, 2020

Maverick2608 said:
If he IPO's it, I assume he will pay FTT on the transaction.

Given that his company profits derive chiefly from the financial industry, it's kind of like telling your neighbors that you're planning to sell your house, but you're going to set fire to it first.

Scataphagos · Feb 19, 2020

dealmaker said:
Post-Bloomberg Bloomberg

If Michael Bloomberg wins the presidency, he will sell his eponymous company, campaign adviser Tim O'Brien has said. O'Brien: "There will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering…We will be 180 degrees away from where Donald Trump is on these issues because Donald Trump is a walking financial conflict of interest." CNN

That's about as an important point to make as, "the pimple on my butt itches".

Snuskpelle · Feb 19, 2020

lindq said:
Given that his company profits derive chiefly from the financial industry, it's kind of like telling your neighbors that you're planning to sell your house, but you're going to set fire to it first.

Guy is 78 years old, suspect capital preservation isn't chief among his priorities.

Clubber Lang · Feb 19, 2020

dealmaker said:
Post-Bloomberg Bloomberg

If Michael Bloomberg wins the presidency, he will sell his eponymous company, campaign adviser Tim O'Brien has said. O'Brien: "There will be no confusion about any of his financial holdings blurring the line between public service and personal profiteering…We will be 180 degrees away from where Donald Trump is on these issues because Donald Trump is a walking financial conflict of interest." CNN

If a politician promises something then it's definitely going to happen.
I mean, why would they lie?

athlonmank8 · Feb 19, 2020

Mini-Mike playing fantasy. I love how none of his commercials mention that his work was primarily for wall street. As if he's an arms length away from that area workin for the poor.

RRY16 · Feb 19, 2020

Scataphagos said:
That's about as an important point to make as, "the pimple on my butt itches".

Or that dog of yours t-bagging you on a daily basis.

ajacobson · Feb 19, 2020

His original partner was Merrill Lynch and they could potentially still own some.

If not I'm guessing the PE firms will want it. There was also gossip kicking around that ICE could be a buyer.

ajacobson · Feb 19, 2020

Would ICE Really Buy Bloomberg?

https://a-teaminsight.com/would-ice-really-buy-bloomberg/?brand=ati