Maxine Waters sees little difference in Bloomberg using his fortune and others tapping donors
's right to self-finance his presidential campaign Thursday on CNBC, suggesting the billionaire's own money was not much different from money raised by other candidates.
Waters, chairwoman of the House Financial Services Committee, said she did believe democratic processes can be "distorted when people have extraordinary amounts of money."But even if Bloomberg's campaign spending is far ahead of his rivals, the former New York mayor has not "violated any laws, any rules," Waters said.
Bloomberg, who is worth about $60 billion, has spent more than $250 million on TV and radio ads and $45 million to $50 million on digital,Bloomberg's advertising spending totals are more than twice the amount spent so far by President Donald Trump and all the other Democratic candidates combined.
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