Sen. Bernie Sanders responded to the threat my former New York City Mayor Michael Bloomberg that he would run as a third party candidate if Sanders wins the Democratic presidential nomination on this Sunday's Meet the Press.

SANDERS: Well, my reaction is that there will be... if Donald Trump wins and Mr. Bloomberg gets in, you're going to have two multi-billionaires running for President of the United States against me.

And I think the American people do not want to see our nation move toward an oligarchy, where billionaires control the political process. I think we'll win that election.

Sadly we're most of the way there now already. I'm a bit more cynical about the American public than Sanders, but time will tell.