This is worse than the mafia’s monopoly shakedowns.
If any institution or group of individuals tried this as private citizens they would be arrested on dozens of RICO and racketeering charges.
Princeling Bloomberg the First however is the iron fist of the law. His bowel movements are regularly bronzed and put on display in the MOMA I hear.
The major difference between mafia and government is the cut of the suit. At least with the mafia, you know their shakedown isn't just moral preening.