Because Mike Bloomberg believes in a little something called loyalty.

Mayor Michael Bloomberg would keep his Steven Rattner as a personal financial adviser, in spite of a deal that the Wall Street financier has been negotiating with the Securities and Exchange Commission that could ban him from the securities industry for as many as two years. Speaking at news conference Thursday morning, Mr. Bloomberg said: “Steve Rattner’s my friend. Of course, I’d keep him on. Why would you not? If he can do anything to help, I value his advice and he’s a close friend of mine. And you stick by your friends.”

NYC’s Bloomberg Would Keep Rattner As Personal Financial Adviser [WSJ, not online yet]

45 comments (hidden to protect delicate sensibilities)
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Comments (45)

  1. Posted by BillyBuck | October 14, 2010 at 6:39 PM

    Loyal?? He grew up outside of Boston and “became” a Yankee fan to appease the NYC voter base…. phony baloney.

  2. Posted by Anonymous | October 14, 2010 at 6:41 PM

    True he grew up outside Boston but he’s been here since the ’70s so it’s not like he’s a carpetbagger. Hilary “I was always a Yankees fan despite that Cubs hat I was wearing last year” Clinton, on the other hand…

  3. Posted by HelpDesk | October 14, 2010 at 6:46 PM

    Type Chooch! and you can watch the movie at your desk.

  4. Posted by PedroM | October 14, 2010 at 6:47 PM

    They are all the same…

  5. Posted by Pfluger the Barbarian | October 14, 2010 at 6:52 PM

    My favorite little vignette about Emperor Bloomberg, the self-proclaimed fiscal “genius”, happened in 2008 when he gave the PBA a fat salary increase (4% increases per year, for four straight years), just as it was becoming apparent that we were headed for a recession.

    And then, a few months later, he tried (unsucessfully) to reneg on the property tax rebates he put into his own budget, stating in the newspapers “We don’t have the money.”

    Some genius.

  6. Posted by F Aaron Boone | October 14, 2010 at 6:56 PM

    Obviously you don’t understand what it means to be a RedSox fan.

  7. Posted by indridcold | October 14, 2010 at 7:10 PM

    man, sec probes are the minimum requirements of a quality fund manager. wake me up when they find him climbing out of a shallow grave in guatemala after faking his death and being reported missing by his half centaur half unicorn secret lover.

  8. Posted by indridcold | October 14, 2010 at 7:10 PM

    man, sec probes are the minimum requirements of a quality fund manager. wake me up when they find him climbing out of a shallow grave in guatemala after faking his death and being reported missing by his half centaur half unicorn secret lover.

  9. Posted by Scott Norewood | October 14, 2010 at 7:27 PM

    Billy! We should get together for dinner. I’m living in a tent in Nome, are you still over Anchorage-way?

  10. Posted by Bucky F Dent | October 14, 2010 at 7:54 PM

    Shut up.

  11. Posted by Anti DB | October 14, 2010 at 8:06 PM

    I respect stand up guys that stand by there SEC banned advisor
    Bernie

  12. Posted by 'Stros fan | October 14, 2010 at 8:16 PM

    assholes?

  13. Posted by Chooch | October 14, 2010 at 9:36 PM

    I see rat in Rattner.

  14. Posted by Seaman Bodine | October 15, 2010 at 4:54 PM

    These two twerps deserve each other.

  15. Posted by Peter Race | October 26, 2010 at 8:08 PM

    Regardless of what team he ultimately roots for (I should hope that he keeps loyal to the team from the city he administers) he does show character by sticking with his Financial Advisor friend. Of course it depends on why exactly he got banned. The devil is always in the details

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