David Yassky, chairman of New York City’s Taxi and Limousine Commission, talks about investor interest in taxi medallions, the return on such an investment and the business model for taxi operators. The surging price of New York’s taxi medallions, and their promise of steady cash flows, is sparking investor interest in the licenses and sending shares of a company financing their purchase to a four-year high. Yassky speaks with Bloomberg’s Charles Mead in New York.

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