How a Banker Helped Save N.Y. (and Why It Will Never Happen Again)
On Tuesday morning at Frank E. Campbell, the Madison Avenue funeral home, Michael R. Bloomberg (former mayor, current presidential candidate) delivered a eulogy in memory of Felix G. Rohatyn banker, writer, urbanist, savior, mensch.
That Mr. Rohatyn had come to this country as a World War II refugee, that he had forged a singular life in public service in gratitude for what America had given him, that he listened passionately and brought discordant voices together to harmonize in the name of the citys resurrection this was the theme of Mr. Bloombergs warm appreciation.
Historians have pointed out that there is an obvious through-line, for better or worse, from Mr. Rohatyns New York to Bloombergs. As a financier who chaired the public-benefits corporation created to rescue the city from insolvency in the 1970s, Mr. Rohatyns dominance marked the beginnings of a power shift in New Yorks governance in which the wealthiest and their political supplicants assumed more and more control.
And yet the line is hardly as straight as it seems. It bends and curves when it hits the volcano of arrogance that so often characterizes todays moneyed class and the collective belief that if your portfolio is big enough you are entitled to manage the empire.
https://www.nytimes.com/2019/12/20/nyregion/felix-rohatyn.html
I always considered Rohatyn to be one of the good guys.