Wall Street Bonanza Won’t Save NYC’s Finances, Mamdani Warns

Wall Street’s booming year will not be enough to stave off a financial crisis that Mayor Zohran Mamdani says is worse than the Great Recession nearly two decades ago.

By Brandon Sapienza, Myles Miller · Bloomberg Markets

Wall Street’s booming year will not be enough to stave off a financial crisis that Mayor Zohran Mamdani says is worse than the Great Recession nearly two decades ago.