. >> chair peskin: with jimmy steele. >> no, not jimmy steele. he was in desoto in 1965. i served as the president of yellow cab, and director of several boards. i just have one issue to address. this word that's being bandied about here and not being freely understood, purchased. purchased. you look at the agreements and the contracts between the drivers that supposedly purchased these contracts, or medallions that they purchased, between the sfmta and the drivers and the federal credit union, and there is no evidence in my mind that anybody actually bought anything. they don't own these permits. they have no equity, they have no title in them. if you look at this very closely, at these agreements, it is very clear that the relationship between the drivers, the banks, and the sfmta is, i'm sorry to say, something that i would call sharecropper. they are sharecroppers because they don't have any title to these permits, and they have no incentive to build on this. no encouragement to build on the future. and that was the problem that was created. it was right there in the

steel. yeah, i don't drink water. >> steve: come on. >> jimmy: same dinner, he goes, you know, "what shouldpetizer? i'm out with, u know, the family uh, i don't like appetizers. [ light laughter ]ll he goes, "it's just you up, dude eating the rest of - i just want to save my appetite." i go, "i understand, dad, but [ laughter ] other people. maybe we would like some appetizers you can not drink or eat." [ light laughter ] and then we'llo home [ laughter ] >> steve: he doesn't want water. >> jimmy: right. well, i thought i'd share some of my favo [ laughter ]s. yeahou >> steve: tell me abthe time with the mone >> jimmy: and a water chaser >> steve: tell them the money story. ] [ laughter >> jimmy: do we have time? can i tell it or no? >> steve: yeah >> jimmy: they were meeting my parents for the first , my's parents. and so they went to like -- my wife's family has a summer home, old summer home. f it's been likee generations of the family in new hampshire, and it's a beautiful place so my parents come up. my mom calls me before she comes. she goes, "hi, honey." i go, "hey, mom. she goes, "d