Bad loans were killing the taxi industry long before Uber and Lyft: report

Bad loans were killing the taxi industry long before Uber and Lyft: report
The financial woes of the city taxi market may not be entirely the fault of ride-hailing companies — the industry was a house of cards waiting to collapse, a report says. An investigation by the New York Times Sunday put the blame on industry leaders who artificially inflated taxi medallions costs fivefold over 12 years...