Former New York City mayor and billionaire Michael Bloomberg is under fire after newly surfaced video showed him making transphobic remarks less than one year ago. BuzzFeed News first reported on this comment from Bloomberg, which came last March during a Bermuda Business Development Agency conference in Manhattan.

Michael Bloomberg: “If your conversation during a presidential election is about some guy wearing a dress and whether he, she or it can go to — and go to the locker room with their daughter, that’s not a winning formula for most people.”