BROKAW STATES THE OBVIOUS

I lived in Manhattan from 1978 to January 1986 and for most of that time, I was living on about $700/month so you can imagine I was a bit amused by a NY Times article on how $1,000,000/year wasn't really much money in NYC.  I also recall a Times story about young banksters which quoted a 26-year old bragging that it was nice to know he could afford anything he saw in a store window.

John Aravosis snagged a nice quote from Tom Brokaw about the MOTU in The City:

ANDREA MITCHELL: The business community, you speak to people here in New York, today again, they are very suspicious and very angry.

BROKAW: Yeah, I don’t have a lot of sympathy for them. The fact is, they’ve done pretty well in the last four years, all things considered. The big banks did get bailed out, and then didn’t spend the money anywhere else in the country. I think New York does distort your view about this a little bit. Given the amount of money that’s available around here, and what their expectations are about what they’re “owed.”