Democratic Socialism defeats Komo in New York City, Wall Street interacts

Wednesday morning, the world Capitalism Center She woke up to find that she might have a socialist mayor soon.

The Social Democratic Socialism, Zahran Mamdani, is amazing to former state governor Andrew Como in the democratic primaries in New York City to watch Wall Street. Some of the most powerful and powerful financiers in the world have been left to understand what Mamdani’s victory means to their manufacture – and whether they will leave the city.

Dan Loop, CEO of the third hedge fund, and the main Komo supporter, wrote on X. “The weather is officially hot”.

Mamdani campaign It was, even a few weeks ago, a long shot. On Polymark, which successfully predicted the result of the 2024 presidential election, Cuomo had up to 92.5 % on May 27. Negative ads against Mamdani paid to Wall Street, as well as Ran Whitney-Blanced-Blanceded Airwaves.

Includes the Mamdani platform Increase taxes Those who make more than a million dollars per year. He said that he will make the city more expensive by freezing rents on stable apartments for rent, as it invests 70 billion dollars in public -backed housing, providing free bus service and opening the government -run groceries.

Komo lock in Wall Street was considered a rejected matter from it. He got tumultuous support from billionaire characters such as Bill Akman and Louba and former mayor Michael Bloomberg.

On Tuesday night, Mamdani’s victory became clear shortly after the polls were closed: the introduction was advanced from nine points in the early votes that were held constantly with the appearance of voting results. Como admitted before the end of the night, leaving open questions about whether he would run in the general elections in November.

Wall Street He started to worry quickly.

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“There are many signs of warnings that are flashing here. The next mayor here will be full.”

Some financial executives spoke about the support of Mayor Eric Adams, who is expected to run in the November elections under the party’s lines inven The Milliad Adams mourners found an early improvement from his predecessor Bill de Palacio.

Corporate leaders made a wave of private phone calls to draw how to fight against the basic victory for Mamdani and discussed support for an external group with the aim of collecting about 20 million dollars to oppose it, according to people familiar with the matter.

The people said the calls also discussed the efforts made to gather behind Adams and work to keep Como outside the race. They also discussed an attempt to obtain the Republican candidate Cortis Slous, to leak by obtaining the White House to provide him with a job in the Trump administration, as the people said.

Not everyone was enormous about the initial results, though. In CNBC, Philip Lavont, founder of Fund Fund Coature Management, said that the city will continue to flourish, on the pretext that it has held to capture de Palacio, which adopted the policies that some oppose in the business community.

“We had a De Blasio’s mayor for eight years, New York is really strong, I hope the same will happen,” said CNBC. “There are still elections.”

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However, Mamdani’s wide support seemed to have revealed how Wall Street has changed in recent decades. There were more individual donors from major banks to Mamdani more than Komo, according to the city’s financing records, where the donors included their employers.

But many of them were among the ranks of technology and other non -excellent employees. three Goldman Sachs Software engineers are listed as donating directly to Mamdani, for example. Only one financier in Goldman was publicly given to Como, according to the records.

Other bankers who supported Mamdani will not talk about the record. One tried to use a fake name.

The level of Cuomo support between the money group was so high that the viral Tiktok videos have seen the phenomenon in recent weeks, as the election day approached. “It seems like this alpha,” says a woman in a video of her fictional history with his brothers. “So, you vote for Komo, right?”

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Even with higher support, the Cuomo campaign lacked the type of enthusiasm that Mamdani traveled to his primary victory, even between bankers and merchants. “Confidence is a great feature, but it has not come out of its supporters to vote,” Skyler said.

Wednesday, Banker and merchants They were trying to know the repercussions of the mayor of Mamdani, if he won the general elections.

Some have expressed concern about Mamdani’s plan to freeze the rent of millions of New York residents who live in stable apartments for rent, saying that it will deter the new investment in housing, reduce supply and raise prices for each other.

“I cannot believe that I need to say this, but socialism does not succeed,” said Anthony Boxoro, CEO of PROFESSIONAL CAPITAL Management, a bitcoin financial services company. “I failed in every American city tried.”

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There were renewed questions about whether Wall Street executives will remain in New York or whether Mamdani’s plans for the city would send more financiers to states such as Florida and Texas. Some executives have referred to concerns about Taxes and crime In light of the possible Mamdani administration, as well as fears of high anti -Semitism.

Sander Jerber, CEO of Investment Company, Hudson Bay Capital, said he presented texts from some of his 170 employees who said they were “thinking about leaving.”

Some developers and real estate owners said they are already putting plans to get out of New York and focus on more business markets such as Miami, Dallas or Nashville.

“I am depressed and sad,” said Ricky Sandler, who runs Midrance Capital, a hedge box in central Manhattan, who employs 55 people. “If Mamdani becomes a mayor, I will likely take my work and my family outside New York.”