Though ABC News speculates such a campaign might use up $500 million of his own personal finances, the newly-minted Independent vehemently rejects such speculation. He offers advice up to presidential candidates and even briefly weighs in on Giuliani, who derided Bloomberg's decision to leave the Republican party. Bloomberg reiterates that he is going into "philanthropy," but why would he bother to change parties for that? (by J.P. Mangalindan)Running Time:6:24a "just say no" ad precedes.)
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