Streams

Top Officials Speak Out on Wall Street Turmoil

Monday, September 15, 2008

The turmoil on Wall Street has caught the attention of top elected officials. Governor Paterson and Mayor Bloomberg have scheduled separate news conferences this hour to talk about the crisis brought on by the demise of Merrill Lynch and Lehman Brothers.

REPORTER: Crain's New York Business Editor in Chief Greg David told WNYC's Brian Lehrer says the city has already shed about 22,000 jobs in the securities industry.

DAVID: We don't know how many people at Lehman will lose their jobs -- not all will -- but clearly we're talking about more thousands. Whether that's 3,000 or 7,000, we don't know yet.

REPORTER: New Jersey Gov. Jon Corzine says the woes will spread into his state as well.

Tags:

More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by