We honestly don't quite know what to make of this story. As we reported last March, Wachtel is an energetic, eclectic guy who revived his father's Drum Major Institute, employed Freddy, and generated quite a lot of campaign money for him, some from surprisingly low-level staff. On H. Carl McCall's failed bid for governor, Wachtel was known as the "hat king" for giving out campaign hats.

He seems to have gotten a sweet deal from the Port Authority in exchange for his attempt to keep the ferries running, which seems like a good deed to us. Perhaps he'll be Ferrer's Ferry advisor.