Bankruptcy and Politics
The discussion delves into the implications of New York declaring bankruptcy, highlighting the deep anxieties surrounding such a decision. It explores the political dynamics at play, particularly the resistance from key figures in the Ford administration who believed that allowing the city to fail could force a dramatic shift in its political landscape. The potential consequences for the national economy and other cities are also considered, revealing a complex interplay of local and federal interests.In this clip
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Odd Lots
The NYC Fiscal Crisis Of The 1970s Has Some Important Lessons For Today
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