Zohran Mamdani's NYC Bank Dead Pool

August 20, 2025 | Premium Service | What New York area banks could take big losses or even fail if the Ugandan born Marxist Zohran Mamdani is elected Mayor of New York City? This telegenic cartoon character is riding a wave of public angst over, you guessed it, inflation, and he offers consumers nothing but empty hopes. Zohran wants to freeze the rent on all NYC recent stabilized apartments, an idiotic but popular idea that may sweep him into office.

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