National Pulse: The Chief Investment Officer for Motley Fool Asset Management described presidential candidate Michael Bloomberg’s stranglehold over the financial industry as “the closest thing to a mafia power that exists in finance”.
Then-CIO Bill Mann appeared on a Motley Fool financial podcast in 2016, discussing the Bloomberg Terminal apparatus that accounts for a vast majority of Mayor Michael Bloomberg’s immense wealth – much of it from clients funded by the Bush/Obama-era bailouts.
The Bloomberg Terminal – effectively a custom keyboard and dual monitors paired with proprietary “Bloomberg Professional” software – has become a mainstay of corporate elites since the 1980s.
“…I don’t just mean New York City, I mean San Francisco, Tokyo, Kazakhstan, whatever, whoever’s in finance,” Mann added. more