Terry Blue
A ultra greedy big time taxi mogul is asking for a bailout. Evgeny Friedman says that taxi companies are too big to fail and they are hurting desperately as Taxi medallions value slips and no financing is available thanks to competitors like Uber and Lyft ending their crony capitalism monopolies. Essentially, Friedman is trying to convince New York City’s government to guarantee any loans taken out to purchase taxi medallions. In theory, this would provide a backstop to falling medallion prices, which have been coming under pressure thanks to app-based transportation services such as Uber and Lyft. This guy is one of the largest owners of medallion sand it is powerful geeks like him who have used this power to make these items so expensive and inable others from getting into the industry. Friedman wants to keep this charade by having the government guarantee the loans for medallions so they would remain so expensive and valu
e rise continuously in this Ponzi scheme that taxi owners in large cities have set up for decades. Without this bailout however, prospective buyers might feel less worried about shelling out large sums of money for an investment whose net worth could fall dramatically in the coming years. taxi industries are filled with sleazy fuck asses like Friedman and his hopes have taken interest from a public tired of the abuse and attitudes of these foreign taxi moguls who now have more competition from urban yuppies tired of losing this bad service and industry of shady immigrants. Friedman and his ilk are scum of the Earth and just another wealthy guy lookingfor a handout after years of building wealth from other shakedowns and buyouts of local governance that powered these institutions to have the arrogance of a twit like Evgeny expecting government to back their risks and investments with public money for their selfish gains. All these taxi medallions need to be striped from hisses son and trow into the East river maybe inspiring this knucklehead to invent and gain investors for a new transportation model enaling urban residentaurous to move about without moving its hind legs. Can we say wheelchairs for all or rickshaws? Maybe Evgeny can start on self driving bycycles or hovercraft skateboarders. What happened to Jewish Yankee ingenuity in New York?
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