How Zohran Mamdani could destroy America's economy (Even if you don’t live, work, or spend time in the rotting Big Apple)

Zohran Mamdani is on track to become New York City’s next mayor. That’s bad for your interests, even if you don’t live, work, or spend time in the rotting Big Apple.

Manhattan’s financial sector is the beating heart of the American economy. Every day, trillions of dollars course through Wall Street, making NYC the nation’s indispensable financial engine. It is not just a local hub but a national artery, driving investment, credit, and economic activity across the country.

Decisions made in New York City ripple outward to affect retirement accounts in Ohio, mortgage rates in Florida, and small business loans in Texas.

Now imagine that the power to shape those financial currents fell to a mayor determined to reengineer the banking system through a hard-left ideological lens.

Mamdani’s an avowed socialist Democrat. As mayor, he would chair the New York City Banking Commission, a three-member body with remarkable indirect influence over state and federally-chartered banks. That chairmanship gives him an improbable, yet powerful seat at the table on issues ranging from fee structures to lending practices.

The Commission’s responsibilities include administering the Banking Development District Program, a state initiative that incentivizes banks to open branches in “underserved” neighborhoods. Its stated purpose is to expand banking access in communities with limited financial services.

Effectively, this means encouraging loans which are improbable to be paid back, with taxpayer funds making up the difference. The vast majority of these high-risk applicants are nonwhite, adding an uncomfortable racial dimension to a socialistic money pit. The Commission also approves institutions as “Designated Banks,” the only places legally permitted to hold New York City’s deposits. These banks must comply with City Hall’s lending mandates, among other profit-killing measures.

Those powers are a regulatory lever that Mamdani has promised to pull.

RE: to Sliwa: get out of the race.

That’s no guarantee of a Cuomo victory.

All we know is that after Mayor Adams dropped out:

Recent Polls have NOT shown Sliwa’s numbers moving. He’s stuck at 16%

Mamdami’s numbers increased by 1 point.

Cuomo’s numbers surged by 10 points.

This indicates that MOST Adams votes are moving to Cuomo.

At this point, the latest poll shows that it’s Mamdani 46, Cuomo 33 and Sliwa 16 with the rest still undecided.

Maybe in the 20th century, when all blue chip trades, physically, had to go through the floor of the NYSE. Period.

My uncle had to wheel orders around Wall St. on a hand truck before working his way up to seat on the exchange. Those days are long gone. My cousin worked the floor for decades, now he's mostly remote from Westchester.

The "floor" is not even needed any longer, it's basically decoration. Goldman moved to Florida.

Bump.

Technology and previous commie pols have already ended NYCs hegemony over investment banking. Commercial real estate, retail and class-a office is dying as well. NYC as a major port for European immigration and imports was ended a long time ago. Smart money has left for the south. These factors, among others, were what made it the greatest city on earth.

Everything that made NYC amazing is over. It’s a dying city. Neither the city nor the state, filled with shitholians, will ever elect any non-commie or non-moron again.

Yes Mond-commie will accelerate NYC’s demise, but it’s already done with or without him.

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