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This is pretty big news. The impact on the banks would depend on the amount of compensation paid.
I wish I could be sympathetic, but most of our banks are basically our government and operated by cronies.
what a fine pickle we got ourselves in.
I actually love this idea.
I think these Marxist democrats(redundant) should do this and do it as much as possible.
Of course the City will actually have to PAY for all of this and since NYC can’t print money, why then taxes will have to skyrocket.
One request would be to pass a law requiring all NYC denizens to remain or pay a bond to cover.
This idea is bound to be proven a disaster
They still have to pay those banks market rates.
I actually thought it would start in Kalifornistan, but New York doesn't surprise, either.
If they want to do that, start with abandoned buildings, renovate them, then sell them to low-income people for a fee that is affordable but noticeable. Watch how the quality of housing improves.
The city has to borrow.
Piss of the banks and the funds will dry up
Why seize houses from the banks, seize the banks.
Escape from NewYork, from a fiction book to reality.
Moscow on the Hudson.
I wonder how long it will take this left wing loon to ruin NYC?