The year NYC went broke
Episode
31 min
Read time
2 min
AI-Generated Summary
What It Covers
New York City's 1975 financial collapse when the city ran out of money, couldn't borrow more, and required unprecedented bailouts to avoid bankruptcy.
Notable Moment
Steve Clifford, a long-haired hippie consultant, discovered the city's true financial condition by adding up various accounts and realized New York was secretly bankrupt.
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