New York City's Mayor Michael Bloomberg has come to the defense of publicly shamed Goldman Sachs, and calls the attention given to the scathing resignation letter in the New York Times by a Goldman executive "ridiculous."
On his weekly appearance on WOR Radio Friday, Bloomberg said that he had visited the company to express his support for the Wall Street giant.
Bloomberg says people should keep in mind that most of the company's clients are sophisticated corporations and financial institutions.
That's right, keep in mind that they are the sophisticated and elite 1 percenters, and not 99 percenters like the muppets of New York City.
The mayor, who got his start on Wall Street, says Goldman is "a company that's here to make money. That's what they do."
He says it's his job to support companies that provide a tax base for the city and employ its residents.
I doubt the muppets are shocked to hear Bloomberg publicly admit that his job is to support the 1 percent. I just hope he doesn't sick his "personal army" on them if they happen to ridicule the Wall Street giant. Especially after Goldman lost over $2 billion of its market value since the NYTs hit the news stands yesterday.