that being said, the san francisco bernie kraatz has been meeting with a coalition of groups about the issue of public banking and at the creation of san francisco public bank. part of this coalition includes sf [inaudible] rising, democratic socialists of america, california, faculty association, ace, among other groups. we really urge the board of supervisors to move swiftly, work closely with the task force and the office of the treasurer to create a san francisco municipal bank. we would like to see the banks charter be grounded in principles of equity, social, racial and economic and environmental justice. san francisco has a $10 billion budget but currently apart from all the reasons why we shouldn't be investing in large commercial banks, we also are facing unprecedented housing crisis, homelessness crisis, despite our very large city budget. so we would like to see a public bank that would really invest in our local communities, especially most marginalized and vulnerable communities that are underserved by our current banking system and the city would invest in affordable hous