In the 1970s, New York City avoided bankruptcy... - Felix Rohatyn Quotes

Felix George Rohatyn is an American investment banker. He is known for his role in preventing the bankruptcy of New York City in the 1970s, and he also served as United States Ambassador to France. He was a long term advisor to the U.S. Democratic Party.

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In the 1970s, New York City avoided bankruptcy because wise political leaders like Gov. Hugh L. Carey believed both in strong labor unions and robust banks and companies.

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deicy edited1+ month ago

In the 1970s, New York City avoided bankruptcy... - Felix Rohatyn Quotes