Posted
5:13 PM
by Gene
More great writing from St. Warren's Heaven:New York's woes can be seen as a long-overdue comeuppance to a city, prone to hubris and arrogance, that stimulated and benefited greatly from the late credit orgy. But today, more than ever, Gotham deserves the sympathy of the nation. (Three words: New York Knicks.) The benefits of what New York produces—from Rent to financing for companies—emanate throughout the country.We would say Dan should have quit while he was ahead but that would have meant not writing anything at all.