Bloomberg Exploits Campaign Finance Loophole to Funnel $18 Million to DNC I don't think Bloomy had any intention of running for President.  This was always a money laundering scheme.  Doesn't participate in primaries before Super Tuesday and then drops out and endorses Biden just before Super Tuesday.   This scheme allowed him to spend over $500M to pump up dem appeal and attack President Trump.  Then drops a load of money on the DNC who were for all practical purposes broke.  Looks like a planned end run around campaign finance laws.   https://freebeacon.com/2020-election/bloomberg-exploits-campaign-finance-loophole-to-funnel-18-million-to-dnc/