Eric Alterman appropriately sums up the prospects for a Bloomberg presidential run in 2008:

My buddy John Heilemann skillfully spun 6,617 words, here, out of a story that has no significant possibility of happening, as Bloomberg himself asks: “What chance does a five-foot-seven billionaire Jew who’s divorced really have of becoming president?”

The answer is zero. So save your half a billion dollars, sir, or better yet, give it to someone who can use it.