We’re at the stage of the Bloomberg boomlet right now where the sheer improbability of his rise to national contender leaves one reluctant to second-guess him, even on something as outlandish as this.
1) Bloomberg is one of the 100 super wealthy to manage the primary dealer system.
2) The primary dealer system is based in NY and NY gets eight years at the helm.
3) The primary dealers system is in real trouble because shadow banking can now front run the system.
Allahpundit is simple to stupid.
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