Mayor Bloomberg to Make Even More Money

For those of you who were preoccupied with whether or not Mayor Bloomberg was yielding enough income from mutual funds, your worries are over. He's going to diversify, so he'll have investments in hedge funds and real estate, among other things.

As you know, managing Mayor Bloomberg's money is a big job. That's why highly-placed public employees need to help out:

Deputy Mayor Daniel Doctoroff is set to become second in charge of Bloomberg LP next month. And Deputy Mayor Patricia Harris and Health Commissioner Thomas Frieden have been doing free consulting for the charitable foundation.

But Mayor Bloomberg says that's OK, and with all that money, he must be telling the truth. In any case, it's not like mayors get suspended without pay on unsubstantiated allegations.

That privilege is strictly reserved for unionized teachers.