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HomeFelix Rohatyn Promotes a Domestic IMF
Posted by Larry Doyle on April 13th, 2010 8:53 AM |
Given the massive budget gaps and pension shortfalls encompassing a large swath of our municipal landscape, should our nation think about launching a domestic version of the IMF (International Monetary Fund)? If we were to listen to the wise old Wall Street veteran and Washington confidante Felix Rohatyn, we should do just that.
Rohatyn, a senior investment banker at Lazard Freres, was heavily involved in the restructuring and recapitalizing of New York City during its fiscal nightmare back in the 1970s. He is not bashful in stating that a domestic IMF may very well be necessary to address our current municipal deficits. (more…)
