Mr. SIERRA: Well, the Republican Party is very sensitive right now to the issue of multiculturalism in the extreme sense, and so perhaps, in that sense, I could understand how that be perceived as pandering to multiculturalism.
The goal of such an investigation would not be to merely expose pandering to the industry, but to establish standards that Commissioners and staffers would have to meet annually to demonstrate a commitment to investor concerns at least equal to their responsiveness to industry.
But the reason why he hasn't endorsed the former Massachusetts governor is because of Romney's social politics, which used to be more in line with Bloomberg's before he started pandering to the religious right.