Angry New Yorker

Tuesday, June 10, 2003

June 9, 2003 -- THE most heartfelt goal of Speaker Sheldon Silver's Assembly majority, it sometimes seems, is to keep the state safe for the activities of the New York State Trial Lawyers Association (NYSTLA). And now the cost is about to hit home for thousands of New Yorkers trying to do something people elsewhere in the country take for granted: Lease a new car.
In recent months, the financing arms of GM, Ford and Honda have all said they'll stop leasing cars in New York rather than go on operating under the state's peculiarly harsh liability law. Other automakers are eyeing their example. Chase, the state's leading independent provider of auto leases, will pull out July 1; according to an official, it's been hit with lawsuits demanding more than $1 billion." [more]

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