Bloomberg Acknowledges Wall Street Crime

Former New York City Mayor and perhaps the region’s biggest champion Michael Bloomberg made an amazing statement recently.

“Too many events where people are breaking the law”

In an interview on CNBC, the former New York City mayor and Wall Street innovator spoke with candor about high frequency trading and the general “criminal issues” on Wall Street.  “I think there are too many events that have taken place where people were breaking the law," he said.  "People were not looking out for their customers best interests."

Bloomberg was interviewed on CNBC by Andrew Ross Sorkin, a man who has perhaps seen somewhat of a view on the...