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Valuetainment

"Karl Marx Would Be PROUD!" - Mamdani Declares Asset Seizure War With NYC Landlords

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 29 May 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

NYC tenants say they were living in straight-up nightmare conditions while landlords kept collecting checks, and now the city just hit back with a $31 million judgment. Mayor Zohran Mamdani says what was once sold as “luxury you can afford” turned into years of dangerous living, broken apartments, and hundreds of violations in the Bronx.

Transcript

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0:00.0

Some follow the noise.

0:03.0

Bloomberg follows the money, whether it's the funds fueling AI or crypto's trillion

0:07.7

dollar swings.

0:08.9

There's a money side to every story.

0:11.4

Get the money side of the story.

0:13.6

Subscribe now at Bloomberg.com.

0:18.3

So here's Mom Dani.

0:19.9

Comes out with a story in front of people, he's standing up there,

0:22.6

and he's trying to sell that if you're a bad landlord, you know what we're going to do to you?

0:27.3

We're going to transfer your ownership.

0:29.1

Wait, did he just, did he say transfer of ownership?

0:32.6

He did.

0:33.1

What do you mean to who?

0:35.0

Do you mean you're going to force us to sell?

0:59.0

No, no, transfer of ownership. to who? To non-proper? There's no way. This has to be AI. Well, here's Mom Dani for you. Go forward. Through our new citywide campaign, Fix the City, we will focus on the worst landlords in New York City. Listen, it's coming up right now. When necessary, we will take aggressive legal action to remove negligent owners and property managers.

1:01.0

And for buildings that have suffered chronic neglect, we will work to transfer ownership

1:08.0

to responsible stewards.

1:10.0

Wait, go back again, Rob. Go back 10 seconds, please.

1:13.6

Yeah, right there.

1:14.6

And for buildings that have suffered chronic neglect,

1:18.6

we will work to transfer ownership to responsible stewards.

1:22.6

That's, if you've ever read Atlas Shrugs or-

...

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