Despite cancelled meeting, councilmembers discuss changing city’s banking contract

For the second consecutive time, the Oakland City Council’s finance and management committee failed to meet because not enough members showed up. The lack of a quorum—only Councilmembers Jane Brunner (District 1) and Patricia Kernighan (District 2) were present—shelved a resolution that would have taken away the power of the City Administrator’s Office to extend the city’s banking contract with Wells Fargo past this year, instead giving the power to the city council to negotiate a new deal.

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Residents rally against foreclosure practices and to support reforms

Community members held signs and applauded the politicians who promised their support for a senate bill requiring banks to consider a loan modification for any homeowner who applied for one.

The sanctuary of East Oakland’s St. Louis Bertrand Church was filled with house keys on Saturday morning—keys on string encircling the room and hanging from the balcony, keys in jars, in pockets and around necks, keys in hands being jingled in uniform outrage, all because there are fewer house keys in Oakland than there used to be. The display of keys was a symbolic part of Saturday’s rally as over 1,200 people protested the recent wave of home foreclosure.

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