New York City Mayor Mike Bloomberg cited the wisdom of insurance underwriters in Washington when he crossed swords on Capitol Hill with those who believe that all terrorism exposures are created equal.

Mayor Bloomberg, testifying before the Senate Homeland Security Committee, griped that anti-terrorism funds were being "spread across the country like peanut butter," according to the Jan. 10 Newsday.

New York officials rightfully went ballistic last year when federal funds to prevent terrorist attacks were being doled out like pork barrel projects. "Al Qaida must be laughing all the way to their tents!" the mayor lamented.

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