Last month’s City Council meeting in which dozens of activist packed the chambers to demand action on the city’s toxic interest rate swap deal with Goldman Sachs seems to have lit a fire under the council and administration. On February 23, the Rules and Legislative Committee tasked Administrator Deanna Santana’s office with drafting a full report on the deal with Goldman Sachs, including recommendations for action. The council has scheduled April 24’s Finance Committee meeting to be a discussion of options, including ways to terminate the deal.
.Can Oakland Drop the Goldman Sachs Swap?
