Mayor Says ‘It’s Not Helpful’ When Eliot Spitzer Badmouths Wall Street

NEW YORK (CBSNewYork/AP) — Mayor Michael Bloomberg said it’s “not very helpful” to New York City’s economy when Eliot Spitzer badmouths Wall Street while campaigning.

Speaking at the Gracie Mansion on Friday, the mayor elaborated on comments he reportedly made earlier this week, saying it’s not the comptroller’s job to investigate Wall Street.

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He added that Wall Street provides the city’s tax base and that pays firefighters and police officers, and provides crucial services.

“I think one of the things you have to do if you are an elected official in the city is champion the industries that employ our citizens and pay the taxes so we can keep this city safe and growing and educated,” Bloomberg said.

Bloomberg said the comptroller’s job is to make sure contracts are given out fairly.

Spitzer is running for city comptroller. As state attorney general, he targeted Wall Street corruption.

Campaign spokesman Hari Sevugan said Spitzer agrees that the financial industry is important to the city. But he said it’s also important to safeguard workers’ pension investments from the practices of an “unethical few.”

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