Amazing @nytimes investigation (a database of *every* NYC taxi medallion sale since 1995) shows how it's always the same story. Asset bubbles fueled by concentrated wealth turn into predatory lending. Financiers make money, the poor left holding the bag. https://www.nytimes.com/2019/05/19/nyregion/nyc-taxis-medallions-suicides.html …
-
Show this thread
zeynep tufekci Retweeted Michael Wooldridge
Another side of the same coin. Too much money in too few hands flowing without accountability or any market discipline. Nonsense easily turns into grift.https://twitter.com/wooldridgemike/status/1130168202581958657 …
zeynep tufekci added,
11:28 AM - 19 May 2019
0 replies
8 retweets
38 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.