Former Gov. Eliot Spitzer has some advice for Mayor Bloomberg: Jump on the anti-Wall Street bandwagon.
“Mike is a friend, but I think he’s fundamentally in error when he talks about hesitating before we change the structure of banking,” Spitzer said last night at the 92nd Street Y.
The current banking structure “destroyed our economy,” Spitzer stressed.
As Democrats on all levels of government continue to bash Wall Street, Democrat-turned-Republican-turned-independent Bloomberg, a self-made billionaire, has emerged as one of its defenders. He does, though, support many aspects of financial reform.
Spitzer, who was dubbed “the Sheriff of Wall Street” when he was state attorney general, also blasted President Obama’s financial advisers but advocated for the pending financial-reform bill being debated in Washington.
“It gives me much more than pause,” the disgraced former governor admitted when asked about Obama’s economic team.
He believes, he added, that some members of that team were there when the financial crisis started and did too little to try to prevent the disaster.