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Taxi Medallions, Trusts and Workouts

Submitted by Anonymous (not verified) on Mon, 01/08/2018 - 22:15

Taxi Limousine Commission (TLC) Medallion Sales Data from December 2017

Submitted by Anonymous (not verified) on Wed, 01/03/2018 - 21:52

Provided below is sales data from the sale of 19 taxi medallions as reported by the TLC for December 2017. The foreclosure sales prices for the four medallion sales (two at $750,000, one at $400,000 and one at $210,000) may be inflated because banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.

New York Times: Your Uber Car Creates Congestion. Should You Pay a Fee to Ride?

Submitted by Anonymous (not verified) on Thu, 12/28/2017 - 19:54

By Winnie Hu

The sputtering traffic in Manhattan has long been blamed on cars and delivery
trucks pouring onto the streets from the rest of the city and beyond.

Since at least the 1970s, New York City officials have proposed various toll
systems to deter drivers from coming over bridges or piling into the busiest
neighborhoods.

ProPublica reports on bankruptcy fraud in LA

Submitted by Anonymous (not verified) on Tue, 12/26/2017 - 20:47

ProPublica just posted a fascinating piece on bankruptcy fraud in the Central District of California (which includes Los Angeles).  It's the latest article in their important series "Too Broke for Bankruptcy: How Bankruptcy Fails Those Who Need It Most."

NYC taxi medallion auction update

Submitted by Anonymous (not verified) on Tue, 12/19/2017 - 22:19

MEDALLION AUCTION UPDATE:

Taxi Limousine Commission (TLC) Medallion Sales Data from November 2017

Submitted by Anonymous (not verified) on Wed, 12/13/2017 - 22:05

Provided below is sales data from the sale of 14 taxi medallions as reported by the TLC for November 2017. The foreclosure sales prices for the two medallion sales at $750,000 are the result of foreclosure sales and those prices may be inflated because the banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.

Bloomberg: Student Loan Debt is Now as Big as the U.S. Junk Market

Submitted by Anonymous (not verified) on Wed, 12/06/2017 - 22:55

By Liz McCormick

U.S. student loan debt now equals the size of the $1.3 trillion U.S. high-yield corporate bond market, presenting investors with a whole different range of risks.

New York Times: When Unpaid Student Loan Bills Mean You Can No Longer Work

Submitted by Anonymous (not verified) on Tue, 11/21/2017 - 19:54

By JESSICA SILVER-GREENBERG, STACY COWLEY and NATALIE KITROEFF

Fall behind on your student loan payments, lose your job.

Few people realize that the loans they take out to pay for their education could
eventually derail their careers. But in 19 states, government agencies can seize stateissued
professional licenses from residents who default on their educational debts.

Another state, South Dakota, suspends driver’s licenses, making it nearly impossible
for people to get to work.

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