Comment on Wonkblog: Investors who can’t bet on Uber are betting instead on the death of taxi medallions

Wonkblog: Investors who can’t bet on Uber are betting instead on the death of taxi medallions

The 23-page market report warns of "financial ruin" for Medallion Financial Corp., a 70-year-old company that has long lent money to drivers and investors in New York, Chicago and Boston looking to buy expensive taxi medallions. The coveted assets give owners the right to operate taxicabs, and for decades they have been the best investment in America, providing a steady business for a company that goes by the ticker symbol TAXI.Read full article >>

 

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