Michael Bloomberg might not be Wall Street’s BFF after all

cnn.com/cnn/2020/02/18/business/mike-bloomberg-wall-street-reform-plan/index.html

New York(CNN Business)Michael Bloomberg might be Wall Street’s preferred Democratic presidential candidate, but the billionaire is nonetheless vowing to crack down on the financial industry.

The former New York City mayor released a tougher-than-expected Wall Street reform planTuesday that calls for restoring some of the post-crisis financial guardrails “gutted” by President Donald Trump.

Bloomberg, who has deep ties to Wall Street and made a fortune selling technology to banks, wants to fortify the Volcker Rule, reinstate consumer protections overturned by the Trump administration, bolster the Elizabeth Warren-inspired Consumer Financial Protection Bureau, fight corporate crime by creating a dedicated group at the Justice Department and require companies to report climate change risks.

Keep in mind that Bloomberg’s name is synonymous with Wall Street. 

Michael Bloomberg might not be Wall Street’s BFF after all
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