National Affairs: Dynamite

Released by New York City Comptroller Lawrence Gerosa last week with the approval, but obviously not the best wishes, of Democratic Mayor Robert Wagner: a report, described by Democrat Gerosa as dynamite, adding a new chapter to the city's corruption-afflicted history. Private contractors doing business with the city's Bureau of Real Estate, said Gerosa, have been overcharging for years. In twelve months alone. Gerosa's accountants discovered $200,000 in overcharges. Even before Gerosa released his report, seven top officials of the Real Estate Bureau had resigned, been dismissed or suspended. But the real dynamite lay in the fact that the report was...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!