As you know, the market plunged 778 points yesterday and it’s back up about 400 points today so far. These certainly are interesting times, and there’s no room to complain of boredom with market moves like we’ve seen lately. An interesting story related to the markets and finance today is the possibility that New York City Mayor Michael Bloomberg might try to change election law and run for a third term.

According to The New York Times, Bloomberg is going to announce his intentions about this later in the week. As the financial crisis unfolded, Bloomberg was reportedly on the phone with the heads of major banks and government officials involved in the situation. Bloomberg is not only the mayor of the city that Wall Street calls home, but he is a billionaire business man himself.

Apparently his pitch is going to be that he is the leader New York needs during the financial turmoil because of his credentials as a businessman credentials. Many speculated that Bloomberg would run for president this year, but it seems he may have had other political aspirations up his sleeve. Changing the election law might be met with some challenges and public outcry or Bloomberg could be hailed as the great rescuer. Only time will tell.