'My story might have turned out very differently if I had been black,' said billionaire Michael Bloomberg in a much anticipated speech
TULSA, Okla. — Mike Bloomberg began his presidential campaign with an apology to African Americans — an acknowledgment of the racial inequities spurred by the controversial “stop and frisk” policing practice he oversaw as New York City mayor.
Michael Bloomberg greets the Rev. Robert Turner during a service at the Vernon AME Church in Tulsa, Okla., on Sunday. | Sue Ogrocki/AP Photo Bloomberg’s plan calls for one million new black homeowners and 100,000 new black-owned businesses in the next decade. Banks would need to update their credit-scoring requirements while he’d also create a Housing Fairness Commission funded with an initial $10 billion.
“You can’t say ‘I’m sorry’ in 2020 when you haven't said ‘I’m sorry’ over the past decade,” Thompson said. That would split the Democratic coalition. Even progressive whites would not keep their progressive bonafides.” While Bloomberg is responsible for reversing course, under extensive political and legal pressure, he never publicly acknowledged the change, allowing his successor and chief critic, Bill de Blasio, to exaggerate his own role in the reform.
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