mr. gruberg. next speaker, please. >> nathan dreary. i started this business in 1965, in graduate school at san francisco state. >> 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 p