Michael R. Bloomberg is an American corporate politician who previously served as the 14th Administrator of the Union State as CEO of the Bloomberg Management Group.
Having made his fortune with his own company, Bloomberg L.P., Bloomberg was an aggressive consumer of government stock, buying out many citizens as well as scions of ousted executive families like the Fords, Rockefellers, and later, the Waltons. Bloomberg's first bid at governance came in 1995 after the collapse of the Ford Executive Group, which was prompted by the 1990s automotive crisis. He joined the Koch-led group that was defeated by the Perot Technological Administration LLC. Bloomberg persisted and increased his shares in the 1998 public offering. He correctly predicted the Microsoft takeover of that year would be short lived and began putting together a consortium of his own. In 2001, Bloomberg privately began to accumulate stock in the National Bank with the apparent intention of competing with the government minority share. In actuality, he sold off 90% of his stock in 2003 in order to flood the market, causing the bank to enter free fall. He then offered to rescue the bank by way of the newly formed Bloomberg Management Group by buying up all the stock he had sold in addition to 18.2% of government stock. This gave him a share in the bank which was nearly equal to the government's. Despite the Microsoft troika's reluctance to cede such power, they recognized the necessity of saving the bank and agreed to the sale. BMG then became the majority owner of government stock and Bloomberg was officially appointed Administrator by the Chairman of the New York Stock Exchange on September 4. His tenure began when Marshal General Wesley Clark accepted his appointment on September 9.
However, despite Bloomberg's quick purchases, bank stock continued to fall. He had shaken confidence too much. Additionally, a group of investors had successfully shorted the bank to massive gains. Bloomberg's administration now appeared very weak and caused widespread panic among investors. NYSE suffered major drops for nearly a month, unresponsive to Bloomberg's attempts to stop it, and soon spread to government stock itself. Widespread selling resulted in government stock being bought up by many small private buyers. Bloomberg issued a stop trading order on November 20. Trading resumed on November 29, after Thanksgiving. By now, Bloomberg was facing calls to step down from rivals. Bloomberg accepted a mercy package from Enron, agreeing to let Enron buy part of BMG's government share and become a co-partner in government. Enron bought up available government stock and then sold it back to the government, stabilizing the price again. The rocky start was a sign of things to come.
Over the next 15 years, Bloomberg presided over a series of crises and catastrophes, ranging from stock market crashes to complete recessions. His usual response was to bring in outside investors who would shore up the government, and then increase payments to the military to maintain power. However, domestic turmoil ensued, with labor strikes and rioting spreading in many corners of the Union State. Bloomberg's attempts to blame the Minister-President Edmund Brown of the neighboring Socialist Union of America certainly did not succeed.
Things eventually became too much to bear. The military declined a pay raise in 2017, a rare sign of their disfavor. It had become apparent Bloomberg was no longer viable. In 2018, Jeff Bezos successfully executed a hostile takeover of the government, singlehandedly buying out 62.4% of BMG and 23.4% of the government. Bloomberg was finished, and fled the country. His assets were then seized by the state. Bloomberg still retains 24.9% of the USA Inc. Holding Company, which is defunct in the Union State itself but still an active international corporation traded on foreign markets and holding numerous assets including Bloomberg's private military. Today, the Union State is embroiled in a devastating civil war which is largely attributed to Bloomberg's mismanagement. Although Jeff Bezos had the misfortune of being the final Administrator of the Union State, Bloomberg is largely viewed as the one who destroyed the corpornation.
