1-Mam wreckin’ crew Conn. gov: Zo could demolish financial sector - Insurance News | InsuranceNewsNet

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October 10, 2025 Newswires
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1-Mam wreckin’ crew Conn. gov: Zo could demolish financial sector

James FraneyThe New York Post

Connecticut Gov. Ned Lamont warned that fellow Democrat Zohran Mamdani could cripple Wall Street if he wins the New York City mayor’s race — and said the fallout could spill across state lines.

Lamont said he was worried about a Mamdani victory and how it could upend the financial sector — both in New York and in the Constitution State — in an interview with Bloomberg Television on Tuesday.

“New York City is the financial capital of the world — and we’re a big piece of it here,” Lamont said. “I want to make sure that the next mayor understands how important New York City is to that system, and that’s important to Connecticut.”

Connecticut serves as a hub to the hedge fund industry, and is home to Steve Cohen’s Point72, Ray Dalio’s Bridgewater Associates, and Cliff Asness-founded AQR Capital Management.

Many high-flying financiers also commute into the Big Apple from its neighbor to the north to work at big financial firms like JPMorgan Chase, Goldman Sachs and BlackRock.

Mamdani, a self-described socialist who won a thumping victory over ex-Gov. Andrew Cuomo in the Democratic primary this summer, has campaigned on promises of rent freezes, free child care and opening government-run grocery stores. Incumbent Mayor Adams dropped out last week.

The 33-year-old Uganda-born Muslim candidate has rattled Wall Street, the real estate industry, and other segments of the city’s business community with his plans to hike taxes on corporations and New York’s wealthy to help pay for his left-wing policies.

Lamont said he thinks the finance industry appreciates the certainty and stability in Connecticut.

“They know where the state is going to go and the taxes are a little bit less,” he told the financial news channel.

A poll conducted for Fox News released on Sept. 24, before Adams quit the race, shows Mamdani way out in front with 47%.

Cuomo is currently polling at 29% and Republican candidate Curtis Sliwa is at 11%.

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