How Reckless Loans Devastated a Generation of Taxi Drivers
The phone call that ruined Mohammed Hoque’s life came in April 2014 as he began another long day driving a New York City taxi, a job he had held since emigrating from Bangladesh nine years earlier.
The call came from a prominent businessman who was selling a medallion, the coveted city permit that allows a driver to own a yellow cab instead of working for someone else. If Mr. Hoque gave him $50,000 that day, he promised to arrange a loan for the purchase.
PUBLISHER: THE New York times
DATE: 2019
ISSUE 168 | VOL 58,332
