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The leasing rate fluctuates, and if drivers can go drive for Uber and not have to lease a medallion, it's not going to help leasing rates. If he was leasing fo
by RockyMcNuts 12y ago
The leasing rate fluctuates, and if drivers can go drive for Uber and not have to lease a medallion, it's not going to help leasing rates.
If he was leasing for enough to service the debt, he wouldn't be looking for a bailout.
He sure figured out the American way, take a big risk, if you succeed call yourself a successful entrepreneur and job creator, if you fail blame the government.
I don't think he has any leverage, maybe there's some chaos in the yellow cab industry if the medallions get tied up in litigation, but I kind of doubt it.