New York News
Mayor Bloomberg defends Goldman Sachs
NEW YORK -- Mayor Michael Bloomberg says the attention given to a Goldman Sachs' employee's scathing editorial about the company is "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.
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.
The London banker launched his dramatic public resignation Wednesday in a New York Times Op-Ed. The article has been widely circulated online.
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