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What's also interesting is that it's just Yankees stuff one sees gangbangers or gangster wanna bes wearing, you don't see them wearing Knicks stuff or Giants, or Jets or Mets stuff. What's also interesting, is that I can think of a few more tough cities than NYC and LA that have sports teams. Oakland, Baltimore, St. Louis, New Orleans, and Detroit, just to name a few.
It's the Yankee Symbol - The gangers must think it's a gang sign. The one I referred to in my original post - Didn't speak well English and Had no Idea what "The NY Yankee's" are.
I don't think it really has anything to do with "slums".