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and seeing there was a tremendous amount of revenue opportunities that they were not taking advantage of. reporter: that was the idea that turned demand into a moneymaker for the city but $250,000 is a house in a normal real estate market so the city needed a lender to issue medallion loans and they found one two blocks away from city hall. san francisco federal credit union is doing the financing and the thousand dollars a month i have $1500 left over and that seemed like a good deal so i went for it. the city made millions of dollars in transfer fees and the credit union was collecting interest on those loans. something else was happening at the very same moment. lips or mustache or all of these dashes just as they finalized the medallion program, ride sharing was disrupting and on its way to crippling the industry. now across san francisco they have turned into something like a troubled mortgage. it will be enough that maybe i can keep up with my loan payments a
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