Newly revealed recording shows Bloomberg calling Elizabeth Warren 'scary' — and saying he'll 'defend the banks'

Newly revealed recording shows Bloomberg calling Elizabeth Warren 'scary' — and saying he'll 'defend the banks'

Former New York Mayor Michael Bloomberg called Sen. Elizabeth Warren (D-MA) and the progressive movement "scary" and said he would "defend the banks" as president, according to a recording from 2016 obtained by CNN.

"My first campaign platform would be to defend the banks, and you know how well that's gonna sell in this country," Bloomberg said at an event. He decided not to run that year. "Somebody's gotta stand up and do what we need. A healthy banking system that's going to take risks because that's what creates the jobs for everybody. And nobody's willing to say that. The trouble is, these campaigns in this day and age, really are about slogans and not about issues anymore. And in this election you're going to see people are voting and they either love or hate, mostly hate both, but who you hate the least. That's what they're going to vote for. And they're not going to vote on issues."

And he warned about the shift leftward in Democratic politics.

"The left is arising. The progressive movement is just as scary," he said. "Elizabeth Warren on one side. And whoever you want to pick on the Republicans on the right side?"

He also made comments about President Barack Obama that, in light of his recent effort to portray himself as close to the popular Democratic politician, cast their relationship in a negative light.

Bloomberg called his endorsement of Obama in 2012 "backhanded" and said Mitt Romney — Obama's opponent — could have done a better job as president

Listen to the remarks below:

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