50, the Fiscal Crisis Anniversary Edition

Fifty years ago today New York City came within hours of bankruptcy, one of the most significant events of the Fiscal Crisis. This episode features interviews with two of the era’s heroes—Stephen Berger, who served as Executive Director of the State Emergency Financial Control Board, and Eugene Keilin, Executive Director of the Municipal Assistance Corporation (MAC). Learn how they and New Yorkers from government, the business community, and labor navigated the calamitous waters of default towards solvency—and what takeaways we can apply today.