good afternoon, members of the board, director riskin, thank you for your consideration, i'm steve humphreys, the ceo of fly wheel. some of you might know fly wheel is the app with nearly 2/3 of san francisco's taxis on our system. together wree and taxi magic provide access to virtually every taxi in san francisco, even here now you can see on a rainy rush hour in san francisco the nearest cab is two minutes away, easily accessible. realtime geolocated, very usable for the customers, and the legal fleets and drivers in san francisco are working very hard to compete with all the illegal and new services that are coming out and they are making lots of headway. our rides through fly wheel are rated 4 and 5 stars 95 percent of the time by our passengers here in san francisco. 95 percent 4 and 5 star ratings, 70 percent straight up 5 stars. driver reliability, when a driver accepts a hail through fly wheel, more than 99 percent of the time they show up to pick up that passenger so quality and reliability are being delivered by your fleets here in san francisco. so despite the good intent of this

if you're stuck in this position, imagine, steve, at a humphrey hawkins testimony, imagine janet yellentestimony long after she's been confirmed in a bipartisan basis getting a series of questions from them, urging her to do different things. imagine if she said, senator, with all due respect to you and your 99 colleagues, if this economy's not growing at 3% next year, it will not be the responsibility of the federal reserve, it'll be the responsibility of the congress and the administration and put the burden on them to take back the baton, do good fiscal policy, trade policy, but it's not going to happen, steve, easily if the federal reserve continues to say they can compensate. >> what do they do with quantitative easing? what would you have them do in december and january? >> i would make it clear that qe is on a path towards extinction. i would be pretty committed as to what the sell down will be from 85 to 65 to 45. >> regardless of the market reaction -- >> absent some extraordinary -- >> very little -- >> not 3% in stocks. not 2.7 on the ten-year. >> your strategy if you need to