"Drop Dead" author Richard E. Farley on power and graft in NYC | The Moynihan Report
The Moynihan Report
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Financial Turmoil and Political Intrigue in NYC
This chapter explores the historical financial crises in New York City, particularly the controversial 1975 crisis and its relevance to contemporary fiscal concerns exacerbated by COVID-19. It highlights the mismanagement, corruption, and complex relationships among politicians, unions, and financial institutions that contributed to the city's struggles. The discussion also examines powerful individuals' influence over political dynamics, drawing parallels between past and present figures in the realm of corruption and power.
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