Former NY Gov. Hugh Carey Dead at 92

Former New York State Governor Hugh Carey -- "the man who saved New York City" -- has died. He was 92.

Chana Ya'ar ,

Former NY Gov. Hugh Carey
Former NY Gov. Hugh Carey
Arutz Sheva: 1977 NFTA Report / Wikipedia

New York State Governor Hugh Carey, a Democrat, has died at the age of 92. He led the state from 1975 to 1982 after having served seven terms as a U.S. Representative, from 1961 to 1974. He was a partner in the Harris Beach law firm upon his death, while staying at his summer residence on New York's Shelter Island.

His passing was announced in a statement by NY Governor Andrew Cuomo, whose father, former Governor Mario Cuomo, served as Lieutenant Governor with Carey in his final term, from 1979 to 1982, before being elected himself to the office.

Born in Brooklyn, Carey rose through the ranks of the U.S. Army to become a decorated lieutenant colonel. He served in battle during World War II in France, Belgium, Holland and Germany.

It was experience that came in handy later on, serving as the 51st governor of New York during one of the worst periods to ever hit the state's largest and most famous city.

It was Carey who was largely held responsible for helping rescue the Big Apple from a fiscal crash in 1975, one that could have threatened the state as well as the city.

New York City was on the brink of bankruptcy at the time, with Carey moving swiftly to put together a coalition of fiscal leaders that could come up with a game-changing plan.

Carey went over the head of the city's mayor, Abe Beame, to create the Municipal Assistance Corporation (MAC) to borrow money. He set up the Financial Control Board, empowering the body to reject labor contracts and even city budgets. He gathered the labor leaders and bankers into one room, shut down the door, and forced them to negotiate a deal to save the city.