Roberts on the Wall St. fallout
Hoboken Mayor David Roberts was quoted on MSNBC today (via AP):
Wall Street turmoil strains NYC-area economy
“In Hoboken, N.J., hundreds if not thousands of residents work — or worked — for the two Wall Street brokerages that surrendered to the credit crisis over the weekend.
Mayor David Roberts said the city is bracing for the fallout from large numbers of people who suddenly can no longer make mortgage payments or spend money in restaurants and bars.
“Having so many young people lose their jobs is certainly cause for concern,” he said.”
Roberts, however, made no mention of concern if city employees lose their job…
(thanks Robert for the tip!)