So Much to Do: A Full Life of Business, Politics, and Confronting Fiscal Crises
- ISBN-10
- 1610390911
- ISBN-13
- 9781610390910
- Category
- Biography & Autobiography
- Pages
- 282
- Language
- English
- Published
- 2014-04-29
- Publisher
- Public Affairs
- Author
- Richard Ravitch
Description
In 1975, Ravitch was asked by then New York Governor Hugh Carey to arrange a rescue of the New York State Urban Development Corporation, a public entity that had issued bonds to finance over 30,000 affordable housing units but was on the verge of bankruptcy. That same year, Ravitch was at Carey's side when New York City's biggest banks said they would no longer underwrite its debt and he became instrumental to averting the city's bankruptcy. Throughout his career, Ravitch divided his time between public service and private enterprise. He was chairman of the Metropolitan Transportation Authority from 1979 to 1983 and is generally credited with rebuilding the system. He turned around the Bowery Savings Bank, chaired a commission that rewrote the Charter of the City of New York, served on two Presidential Commissions, and became chief labor negotiator for Major League Baseball.
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