MAYORAL CANDIDATE
Raymond McGuire
McGuire is a veteran of the banking industry, having worked for Morgan Stanley for a number of years before moving to CitiGroup where he served as a Vice-Chairman and Global Co-Head of Investment Banking for over 15 years. He was also the co-head of Mergers and Acquisitions for Merrill Lynch before moving on to CitiGroup in 2005. While McGuire's career has amassed him tremendous wealth, he started out with nothing, earning scholarships to prestigious schools like Harvard Business and Law School.
What Stands Out: McGuire has spent his entire career in the private sector, mainly banking, with significant ties to Wall Street. McGuire has described himself as “the longest-standing head of an investment bank in the history of Wall Street.” Given the issue of economic inequality, some are wary of McGuire's wealth and ties to Wall Street. However, McGuire sees himself as a financial specialist who could guide NYC out of a fiscal hole COVID has left. As one of the few African Americans on Wall Street with such clout, he has tried to use his position to raise awareness of the damage of racism, recently co-authoring a paper on how racism has cost America 16 trillion dollars since the year 2000. McGuire claims that if elected, his term will be deemed "the most inclusive comeback" due to his expectation to uplift impoverished black and brown communities.
SHORT ANSWERS
On COVID: "Ray’s Comeback Plan will bring back more than 500,000 good jobs through immediate financial support, wage subsidies, targeted job training, cutting red tape, and launching a major infrastructure program."
On Healthcare: "Ray will engage in conversations with local nonprofits within immigrant communities to ensure language and cultural competency in our healthcare system. He will aggressively push to get more people signed up for coverage through NYC Care.
On Criminal Justice: "We need to bring real reform to the NYPD and put an end to police violence. We need to ensure that our city has policing that is respectful, accountable, and proportionate.
On Housing: "Ray will prioritize housing for low-income New Yorkers and will leverage subsidies and city-owned property to build housing that is actually affordable to people who live in the neighborhood in which it is being built."
Learn more about his policies here: https://www.rayformayor.com/policy