'08 May Be 3-Way Subway Series

It's the political equivalent of a subway series—the remote but real possibility of a presidential election that pits Hillary Clinton against Rudy Giuliani against Mike Bloomberg. The Politico reports that New York State's power brokers are salivating over the prospect as much as the city's media outlets. "I love it," says ex-GOP senator Al D'Amato. "It's great theater."

And the round-the-clock press attention seems gentle compared to intra-GOP sniping. Bloomberg stunned political analysts by dropping his Republican enrollment, widely seen as a prologue to a White House bid. That may increase the likelihood of a mayor-vs.-mayor scenario, and the gloves are already off. Says one insider: "Mike thought Rudy was insane." (More Michael Bloomberg stories.)