Posts Tagged ‘goldman sachs’
City Council talks OPD complaint intake, new job center and cutting ties with Goldman Sachs
Several dozen people gathered on the steps of City Hall ahead of Tuesday’s city council meeting to show support for a resolution to fund the West Oakland Job Resource Center.
Read MoreOakland City Council votes to terminate swap agreement with Goldman Sachs
After months of discussions, protests from community organizations and residents, on Tuesday night the Oakland City Council voted to end its relationship with Goldman Sachs.
Read MoreOakland residents ask Goldman Sachs CEO for a way out of rate swap deal
For months, some Oakland residents and policy makers have seethed about what they consider an unfair interest rate swap between the city and the investment bank Goldman Sachs. Last Thursday, three people from Oakland flew across the country to attend Goldman Sachs’ annual shareholders’ meeting and see what CEO Lloyd Blankfein had to say about the deal.
Read MoreCouncilmembers discuss ways to get out of bond debt deal with Goldman Sachs
The City of Oakland should find a way to get out of its interest rate swap agreement with Goldman Sachs, a deal that costs the city $4 million annually, according to a city staff report. The problem before the city council now is figuring out the best way to do that without costing the city more money.
Read MoreKaplan, community members discuss city’s bond debt deal with Goldman Sachs
Rebecca Kaplan was once a rabbinical student, and the Oakland City Councilmember still knows her scripture well. On Wednesday afternoon, Kaplan quoted the books of Isaiah, Leviticus and Exodus while speaking during a teach-in about the city’s bond debt with Goldman Sachs at Allen Temple Baptist Church in East Oakland.
Read MoreCommunity groups voice opposition to city’s bond debt deal with Goldman Sachs
As soon as Reverend Daniel Buford took the podium in the council chambers at Oakland City Hall on Tuesday night, bright, hand-drawn, multi-colored signs with inscriptions like “Stop the Swap,” “Give the $ Back” and “Not another dollar to Goldman Sachs” popped up around the room. Buford, a minister at Allen Temple Baptist Church on International Boulevard, began speaking about the city’s relationship with Goldman Sachs, and a rate-swap deal the city and the bank agreed to in 1997 relating to $187 million in city debt.
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