they can perpetrate on the american people. but team mueller is reportedly reluctant to testify publicly, by the way, probably for good reason.. will have to answer, in his case, very important questions. for example, i d like to know, why did mueller hire a team of only democratic donors?w why did he hire hillary clinton s former d attorney for the clinton foundation? why would he ever give so much power to andrew weissmann,? hyper-partisan, hillary-loving hack, at hillary s victory party with an atrocious professional track record. when did he realize russia collusion never happened? when did he learn about hillary s bought-and-paid-for russian dossier. and by the way, to impact the race, that s important. mueller needs to answer, if he had time to investigate taxi medallions, decades-old tax returns, bank fraud on loan applications, perjury, he didn t have time on look into real evidence of collusion?
ground of baseless trump conspiracy theories and hoaxes they can perpetrate on the american people. team mueller is reportedly reluctant to testify publicly, ploib for good reason. we will have to answer in his case very important questions for example, i d like to know why did mueller hire a team of only democratic donors? why did he hire hillary clinton s former attorney for the clinton foundation? why would he ever give so much power to andrew weissmann, hyper partisan, hillary-loving hack, at hillary s victory party with an atrocious protectional track record. when did he realize russia collusion never happened? when did he learn about hillary s bought and paid for russian dossier. and by the way, to impact the race, that s important. mueller needs on answer, if he had time to investigate taxi medallions, decades old tax returns, bank fraud on loan applications, perjury, he didn t
would go up. are there parallels between this and the housing crisis, those who got risky mortgages and thought they were going to flip homes and suddenly the market turned on them and they were under water, are we seeing a similar thing here? absolutely, it s very similar, this idea that there was an asset, whether it be real estate, now with bitcoin, and now we re finding with taxi medallions, an asset that is going to go up forever. it s kind of a classic financial bubble and an economic pattern that we see. and you see lenders trying to take advantage of that. and if they think the asset s going to go up in value forever they re willing to do very risky loans and because they can make more money off those loans. so it s the same thing happening here. so it s the same setup, but on a smaller scale because we re just here in new york but who s responsible for fixing this? can it get fixed? uber isn t responsible for that taxi driver but government officials are still in their
and despite numerous warning signs over a period of years government entities stood by and did nothing. after uber came on the scene in 2011 the value of taxi medallions plummeted, leaving hundreds of drivers bankrupt, some taking their own lives. brian rosenthal is an investigator. brian, we went through the uber ipo, people are thrilled, excited, consumers like it, investors have made an enormous amount of money. but let s talk about the impact on taxi drivers. many were so eager to achieve the american dream it seems as though they were perfect targets. this is a population that taxi drivers, 91% of them are not born in the united states. and they have come to this country and they were looking to achieve the american dream and a lot of them were told the way you do that is you buy one of
it is more about what s going on in this country, rooted in income inequality and illustrating how close ties between big business and government combined with disruptive technology and the lack of regulation around it can end up having major implications for the little guy. in a fascinating new investigation the new york times found that hard working americans, primarily immigrants, were sucked in by the promise of financial security that came from owning their own taxi medallions which acted as a license to own and operate your own cab here in new york and that s where it all went on. there was a limited number of medallions, industry leaders competed to buy them, which went from $200,000 to well over a million bucks. the plan was many who bought them were going to sell them when they retired. they took out risky loans to buy the medallions.