> “A taxi medallion system is nearly impossible to end even if it proves to be providing unfairly high gains to a limited number of original medallion owners,” the report concluded. “Medallion owners fiercely resist any possible threat that may challenge their advantage.”

It's crazy how defeatist they sound in this article. Little did they know that in just 3 years companies would be struggling to get rid of their medallions, and the taxi lobby would be in ruins.