Bloomberg: Spitzer's Wall St remarks don't help NY - Los Angeles News | FOX 11 LA KTTV

Bloomberg: Spitzer's Wall St remarks don't help NY

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New York Stock Exchange (AP photo) New York Stock Exchange (AP photo)

NEW YORK (AP) -- Mayor Michael Bloomberg says it's "not very helpful" to New York City's economy when Eliot Spitzer badmouths Wall Street while campaigning.
 
The Daily News says Bloomberg's remarks were made at a Financial Control board meeting this week.
 
The mayor says Wall Street provides the city's tax base. He says that pays firefighters and police officers, and provides crucial services.
 
Spitzer is running for city comptroller. As state attorney general, he targeted Wall Street corruption.
 
Campaign spokesman Hari Sevugan says Spitzer agrees that the financial industry is important to the city.

But he says it's also important to safeguard workers' pension investments from the practices of an "unethical few."

 

Copyright 2013 The Associated Press.

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