‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers


This two part expose by the Times (part two can be found here) brings to light the con that thousands of immigrants, with hopes of owning a New York taxi, were caught in. Trapped in reckless loans made by bankers making huge profits, this is a well researched and devastating story with an unfortunately recurring theme: all too often those taken the most advantage of are the less fortunate, those most in need, new to the country and thus different, lacking in English proficiency, searching for their version of the American dream. If you read one thing, read this piece.


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