Re:Chicago taxi industry sliding towards collapse
by greglindahl on Friday June 09, 2017 @04:10PM
(#14524120)
Google [bank taxi medallion exposure] and you'll discover a few banks that are going to go under. Not a significant problem in the big picture, but it is still a problem for more than just medallion owners.
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Re:Chicago taxi industry sliding towards collapse
by ThrustVectoring on Friday June 09, 2017 @04:20PM
(#14524193)
Good riddance. Taxi medallions are a market in rent-seeking, investing in it should mean you lose your shirt.
Re:Chicago taxi industry sliding towards collapse
by pravda on Saturday June 10, 2017 @05:10PM
(#14529209)
I do feel a little bit of schadenfreude at the predicament of NYCs biggest medallion speculator:
http://pix11.com/2017/06/07/nyc-taxi-king-accused-of-failing...
Now some medallion owners are trying to get gov't money to bail them out:
https://www.scribd.com/document/346690906/Letter-to-Governor...