Kim Phillips-Fein

A great overview of the events up to and through New York City's fiscal crisis of the mid- to late 1970s. This book also provides a background of current austerity politics in US cities. In some places, I think there could be a more thorough discussion of how the racial views of politicians and businessmen were reflected in urban policies and budget decisions. I found the details about the municipal bond markets to be helpful.

I found this book extremely interesting on subject that I knew little about. The bankruptcy of New York City was a story I remember in the mid 70's and remember people talking about this. This story is well told and interesting to see how the city got into the mess they did and that no one went to jail, is amazing.

Many readers, including this particular reader, would not think of a book on business history to be a page turner. This book, focusing on the fiscal crisis facing New York City in the 1970s, is certainly that.

It's very informative and it discusses complex matters in easy to understand language.

I'd certainly recommend this book. In fact, I think I'll track down some of her other books. They're bound to be interesting.

It is a good read for those who are math minded and history buff. I am neither. Still, very well written.