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Us. Otherwise we would be earning interest through the regular city treasury. Director bridges you know the rate structure . The credit union is here. They can answer. Director bridges that is my question. I appreciate that. Chairman nolan will the credit union come forward. Good afternoon. I am rebecca with the San Francisco federal credit union. Director bridges my question was the money transferred back to the mta funds. The fun sitting in the credit union, what type of rate structure . It will be against their five year cnt, with 75100 basis points in addition to the rate. We wanted a good...

Have to work this slow shifts; they make around 25,000 here, they stay in the business hoping to get a medallion, and what you guys are doing is taking the money that a career cabdrivers look forward to, they dont get any benefits, they dont get employee protection, there are days that you dont make minimum wage and they are looking forward to becoming a medallion holder. I know 150,000 dollars sounds like a great deal saving 150,000. But you are not saving 150,000 if you have worked all your life to earn this medallions. It is wrong what you are doing; i dont house to put it. Medallion is an ...

The driver to transfer the medallion and realized the asset value. Thank you for addressing that point. I feel a bit of Kindred Spirit with you today, suffering personal attacks. This is a program that was is explained like that shows that you as a staff showing respect the people will have a long time in industry. While it is tempting at some levels of the mta to reach out and take all this money we have sacrificed determine some of the revenue to create a transition program. And i appreciate your comments. Those are my questions. Chairman nolan director rubke. Chairman nolan i would like to ...

Because i middleoftheroad. Every day i have medicine in my pocket. Thanks director heinicke. This is what youre delivering. Majority the drivers used to be white. No longer. Now you have 500 nepalese. 0 mongolians, now hundreds. You decided to kill their living, get them out, and finish the livelihoods. Thats what one drive called others are blacks. Used to sing a song in the churches about mankind, what mankind is doing, this kind of behavior and me. What did i do wrong . This is what you are doing to the taxidrivers. These medallions will be worth. 000 pennies soon. They will even go to the ...

Secretary boomer yes, on matters within the jurisdiction of the board of directors but not on the agenda. Chairman nolan two minutes. Secretary boomer [indiscernible] chairman nolan mr. Malik . [sounds like] good afternoon. Honorable chairman and directors. Malik, longtime driver. Not on the agenda. Mr. Chairman, a few months ago you requested or ordered the sfmta to bring up credit card issue again. A lot of companies are charging five percent or more. Forcing the drivers to accept credit card via merchant, we pay the license fee to the city. We are independent contractors. I do now you can f...