The leasing rate fluctuates, and if drivers can go drive for Uber and not have to lease a medallion, it's not going to help leasing rates.

If he was leasing for enough to service the debt, he wouldn't be looking for a bailout.

He sure figured out the American way, take a big risk, if you succeed call yourself a successful entrepreneur and job creator, if you fail blame the government.

I don't think he has any leverage, maybe there's some chaos in the yellow cab industry if the medallions get tied up in litigation, but I kind of doubt it.