Tags: US | NYC | Mayor | Wall | Street

NYC Mayor Defends Wall Street Before Obama Visit

Wednesday, 21 Apr 2010 04:05 PM

 

New York City's billionaire mayor has become Wall Street's spokesman and defender as Congress debates sweeping legislation aimed at guarding against another financial meltdown.

President Barack Obama is set to visit the city this week to push for passing new financial reforms.

Meanwhile, Mayor Michael Bloomberg has been arguing too much regulation could endanger the economy instead of protect it.

Bloomberg got his start on Wall Street and built his fortune after founding the financial information company Bloomberg LP.

He actually agrees with much of the reform bill. But he warns against measures he says could drive business out of the United States.

He also opposes a tax on bank liabilities and a tax on Wall Street bonuses that aren't in the reform legislation.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Michele Bachmann 2016: What 5 Liberal Pundits Say About Potential GOP Presidential Hopeful

Wednesday, 28 Jan 2015 18:51 PM

Michele Bachmann, a potential GOP presidential hopeful in 2016, seems to be a political target that liberals love to sho . . .

Dick's Sporting Goods Guns: What's Retail Chain's Policy on Selling Firearms?

Thursday, 08 Jan 2015 21:02 PM

Imagine walking into Dick’s Sporting Goods to make a gun purchase, something that’s entirely legal under the Second Amen . . .

RPT-Hedge Funds Raise Bullish Commodity Bets First Time in 5 Weeks

Sunday, 17 Mar 2013 17:13 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved