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Re: All Transit Closing at 11 Tonight

Posted by Wallyhorse on Mon Jan 26 23:11:42 2015, in response to Re: All Transit Closing at 11 Tonight, posted by pragmatist on Mon Jan 26 23:03:23 2015.

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I was not talking about this case, which they had to do for other reasons (namely winds of 50-60 MPH). I was talking about where lawsuits would be filed to specifically block the Mayor or Governor, even in a state of emergency from shutting down the underground portion of the subway system when it had never been previously in a snowstorm going forward, citing potential unintended consequences to Wall Street, especially in an era where it is necessary to be open and fully staffed as much as possible.

I would not be surprised if we see the NYSE and NASDAQ and/or major Wall Street firms put major pressure on Cuomo to never do this again and threaten to take him to court if he doesn't agree to it. The way the economy is now, we could see some major unintended consequences on Wall Street because of this, especially if people can't be at their desks.

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