First, this is the Post quoting the NY Times and CNN.
I don’t read that paper or watch that channel. I do read the Post. Certainly don’t care what NYT or CNN said. Please don’t quote those Fake News sites.
Second, hope he doesn’t own NYC taxi Medallions. 5 years ago (pre-Uber) they were worth $1.2 million each. Now, worth less than $200,000 each.
Many a medallion owner has filed bankruptcy and several smaller lenders failed who financed Medallions. Even Signature Bank, a really well run Bank in NY took large charge offs on Medallions.
If he still owns any, he already lost his shirt, leave the man alone!