Not-So-Subtle Establishment Threat? Bloomberg Hints at Presidential Run

Former New York City mayor indicates willingness to spend "at least $1 billion"... especially if Sanders bumps Clinton

by Jon Queally, staff writer

Is the real establishment getting worried?

As news broke Saturday afternoon that billionaire former New York City mayor Michael Bloomberg is "seriously" considering the idea of a third-party run for president in 2016, some political observers immediately smelled a rat.

The New York Times was the first to report that Bloomberg has asked his political team to draw up plans for what a campaign might look like. The Times cited sources close to the former mayor who said he is prepared to invest "at least $1 billion" of his own money in order to finance a run against the Republican and Democratic nominees that ultimately emerge.