Word: netzer
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...Netzer rejected the notion that the banking systems would collapse if New York City defaults. "Arthur Burns will take care of the commercial banks," he said...
...Dick Netzer, a member of board of directors of MAC, and dean of New York University's graduate school of public administration, told a standing-room only audience in Emerson Hall that failure to provide such a loan guarantee "would convert state and municipal bonds into assets with a real degree of risk," causing many "risk-averters" to leave the bond market, depressing bond sales...
...other hand, Netzer said the direct cost to the U.S. Treasury of providing a loan guarantee would be fairly small. "Mostly, federal intervention would serve to boost confidence in the city's municipal bonds," he explained. "After all, it is one place where repayment of creditors can be assured...
...smart-talking, big-spending style symbolized the city then and now. New York has to do more of everything-do it first and do it longest. But New Yorkers will now have to live in a more subdued style. "The city must shed its big-government psychology," says Dick Netzer, dean of New York University School of Public Administration and a member of Big Mac's board of directors. "It must disclaim its pretensions that it can resolve fundamental social problems or provide a tremendous range of worthy services. Officials should attempt to lower expectations-or at least shift them...
Crimson editor Jenny Netzer has worked at Steve's Ice Cream since last summer...