So NYC has lost 13,200 Wall Street jobs since last year. And New York Comptroller Thomas DiNapoli expects us to lose 40,000 by the end of the year. Even for the nation’s largest city, that’s a lot of jobs – a lot of high paying jobs. Tax revenues will take a serious hit (for the state as well). And I think NYC may look a little more like it did in the 80s. I’m not one of those people who has a fond nostolgia for then. You know the, “remember when NYC was NYC and not Disney?” As if grit and authenticity were the same thing. I would be glad if housing prices dropped; if the average cost of an apartment in Manhattan was well under 1.3 million. And with the loss of tens of thousands of financial jobs there would (WILL!) be a profound effect on the city. What’s fascinating about this is that in NYC it’s all about the rich getting less rich. That’s a crisis. I suspect things will change in the lives of the poor – but not that much. That’s never been a crisis.