Mike Bloomberg said in 2016 that banks were 'his peeps' and vowed to defend them as president. That contradicts his recent pledge to get tough on Wall Street.

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• Former New York City mayor Mike Bloomberg said he would "defend the banks" as president during a closed-door event in 2016 in leaked comments first reported by CNN.
• He also slammed Sen. Elizabeth Warren, now a Democratic primary rival.
• "Well, to start, my first campaign platform would be to defend the banks, and you know how well that's gonna sell in this country," the billionaire media executive said.
• The remarks appear to contradict Bloomberg's campaign promise to get tough on Wall Street.
• Visit Business Insider's homepage for more stories.

Former New York City Mayor Mike Bloomberg said at a closed-door event in 2016 that he would "defend the banks" if he were ever elected president and slammed Democratic presidential rival Sen. Elizabeth Warren, according to CNN.

During the appearance, Bloomberg said income inequality was an issue that needed to be confronted before society "blows up."See the rest of the story at Business Insider

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