Alfrey: "The second Obama election I wrote a very backhanded endorsement of Obama," Bloomberg said. "Saying I thought he hadn't done the right thing, hadn't done, hadn't been good at things that I think are important and Romney would be a better person at doing that. But Romney did not stick with the values that he had when he was governor of Massachusetts." In a statement to CNN, Bloomberg's campaign defended the former mayor, saying his comments about banks were a "joke" and that the comments about Obama were "an important point." "Everyone who read Mike's endorsement of President Obama saw that it was aimed at convincing Americans who saw merit in both candidates to vote for Obama," the statement says. Former Vice President Joe Biden, one of Bloomberg's top competitors for the Democratic nomination, slammed the comments, with his campaign saying, "Now we know that behind closed doors, Bloomberg described his last-minute endorsement of President Obama in 2012 as 'very backhanded' and said that he thought 'Romney would be a better person at doing' the 'things that I think are important.' Bloomberg may have changed his voter registration but he's still a Republican at heart." When is a Joke, a Joke and when is an Important Point, an Important Point. Answer: Whenever it Feels Convenient to Justify the Circumstances. Bloomberg is a Wolf in Sheep's Clothing. Yeah - Friend of the Bankers - All Arrogance - No Backbone !