again commissioner stansberry. stansberry's plans beneficiaries of his parents. during the february discussion on hedge funds, in his motion to reject thoughtful amendments to the hedge fund rfp in march, for two examples demonstrate his lack of credentials to become vice president. by contrast, i have witnessed numerous examples of my birder with tics due diligence on a number of issues, including due diligence regarding the sale of the concepts currency over light hedge funds debacle, questions about fossil fuel investment, the investors, questions regarding investing in hedge funds in february, and important key amendments to the hedge fund rfp in march. since i began attending our meetings, alarmed about the hedge funds, i have ranked you commissioners abilities with my birder most effective. followed in descending order by commissioner bridges, matt chris, cohen, asking jordan, driscoll and in dead last place, stansberry. you do not want dead last becoming vp. do you? >> any other public comment? >> thank you so much. i really cannot add more to the accuracy

if there is anything anyways can do to help let us know. >> commissioner stansberry >> we appreciate the offer. will call you when we believe that it will be helpful, but it is a high priority -- not necessarily our highest priority but if i party of the board and were doing the best we can to get this done. >> commissioner driscoll and stansberry regarding questions about risk were not sitting still. we are looking for unique and niche ideas how to increase income and where that has led us to the two long-term strategies that we invested in, the china fixed income strategy that we invested in the last month we have another one that were going to be recommending in closed session that so we are looking for ways to look through the private market, investing income oriented strategies were begetter higher yield and really get traditional public fixed income strategies and we have a shallower j curve that we have some liquidity who we think can absorb more liquidy than we currently have. >> any other further discussion on this report? no? the state public comments. on the report. seeing

commissioner stansberry and myself went through an action that and introduces 28 brazil manager that we had that opportunity they are very optimistic about. so i think the conference was great. i think more of us should take the opportunity to see our actual managers >> let us take public comments back seen a public almonds, let us call the next item. >> item number 23, action and close session >> with take public comment and go into closed session. seeing none,, public comment is closed. i like to get a motion to go into private close session so move and so moved. all those in favor aye. i like the record to reflect that commissioner paskin-jordan zondervan and did not vote. folks, were in close session. thank you very much. >>[gavel] >> we cannot have close session all be happy to entertain a motion to not to disclose >> [inaudible] >> motion made seconded by commissioner bridges. all those in favor aye although supposed? thank you. the motion is accepted. we are adjourned. >>[gavel] >> you're watching quick bite, the show that has san francisco. ♪ ♪ ♪ >> we're here at one of the m

i now have to commend commissioner stansberry, who at the nail on head. this is what caused that problem back in 2008 . [inaudible] due diligence that is seeing e-mail topic going back and forth between [inaudible] to set up [inaudible] my sunshine complaint next week. i think i found the smoking gun. the e-mail exchange between bob -- and one of the staff members circulating to separate excel files that have been begging for for four months. you keep saying i am going give you what -- in pdf format that ongoing i like those excel files to do my own analysis mack they been floating around [inaudible]. on going to get them next week from the sunshine task force by dropdead in city hall.. most of the loans on both the excel file for repeat loans that of artie been repaid, some of them look like their properties have been flipped mack in a short period of time. never excel files without sounding loans. i think about 90% of them are below market rate which you are not going to a very good rate of return on investment. i, for one, do not like this press releas