When Cities Go Broke, They Call Him

Ravitch after being named Lieutenant Governor of New York in 2010, where he first became interested in the balancing of state budgets
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From saving NYC from bankruptcy in the 1970's to his latest assignment in Detroit, Richard Ravitch, former New York State Lt. Governor, member of the State Budget Crisis Task Force and author of So Much to Do: A Full Life of Business, Politics, and Confronting Fiscal Crises, shares what he knows about the causes of and cures for state and local fiscal crises.

Richard Ravitch with a portion of the MTA train yards in the background, after being appointed Chairman
Richard Ravitch with a portion of the MTA train yards in the background, after being appointed Chairman ( Courtesy of Richard Ravitch and SO MUCH TO DO )
Richard Ravitch confers with Senator Daniel Patrick Moynihan
Richard Ravitch confers with Senator Daniel Patrick Moynihan ( Courtesy of Richard Ravitch and SO MUCH TO DO )
Richard Ravitch with Mayor Lindsay and former mayor Robert Wagner at the opening of the Waterside development at the East River and 23rd street.
Richard Ravitch with Mayor Lindsay and former mayor Robert Wagner at the opening of the Waterside development at the East River and 23rd street. ( Courtesy of Richard Ravitch and SO MUCH TO DO )
Ravitch confers with Mayor Ed Koch
Ravitch confers with Mayor Ed Koch ( Courtesy of Richard Ravitch and SO MUCH TO DO )
Ravitch with Mayor Abe Beame, an accountant viewed as a budget expert and fiscal watchdog, who would preside over the city's financial collapse
Ravitch with Mayor Abe Beame, an accountant viewed as a budget expert and fiscal watchdog, who would preside over the city's financial collapse ( Courtesy of Richard Ravitch and SO MUCH TO DO )
Ravitch with Governor Hugh Carey after Chase, Citibank, and Morgan said they would no longer underwrite the notes and bonds of New York city, pushing it to the brink of bankruptcy
Ravitch with Governor Hugh Carey after Chase, Citibank, and Morgan said they would no longer underwrite the notes and bonds of New York city, pushing it to the brink of bankruptcy ( Courtesy of Richard Ravitch and SO MUCH TO DO. )
Ravitch after being named Lieutenant Governor of New York in 2010, where he first became interested in the balancing of state budgets
Ravitch after being named Lieutenant Governor of New York in 2010, where he first became interested in the balancing of state budgets ( Courtesy of Richard Ravitch and SO MUCH TO DO )
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