‘I Don’t Know What They Do with the Investments’

Michael Bloomberg didn’t offer much regarding the offshore investments his foundation has made in the Cayman Islands and other places, which is the subject of the Observer cover story this week.

When pressed about the investments today at an education press conference in Harlem, Bloomberg said, “I don’t know what they do with the investments. I have an agreement with the Conflicts of Interest Board that I won’t get involved.”