I've not read it, but i think bonfire of the vanities is about 80's new york.
Quick edit...yes it is.
From amazon...
Bonfire's pyrotechnic satire of 1980s New York wasn't just Wolfe's best book, it was the best bestselling fiction debut of the decade, a miraculously realistic study of an unbelievably status-mad society, from the fiery combatants of the South Bronx to the bubbling scum at the top of Wall Street. Sherman McCoy, a farcically arrogant investment banker (dubbed a "Master of the Universe," Wolfe's brilliant metaphorical co-opting of a then-important toy for boys), hits a black guy in the Bronx with his Mercedes and runs--right into a nightmare peopled by vicious mistresses, thin wives like "social x-rays," slime-bag politicos, tabloid hacks, and Dantesque denizens of the "justice" system. If the Coen and Marx brothers together dramatized The Great Gatsby, Wolfe's Bonfire would probably be funnier.