Saying the life is over and saying the families are extinct are two different things. People seem to get a bit confused at times, but those of us who follow the subject have never said the NY families are extinct or even going extinct. The problem is that the life has changed so much in the past 30 years or so that it's almost not the same thing anymore.

But you had to play it cool, had to do it your way
Had to be a fool, had to throw it all away