Replies to post #179128 on Tornado Alley (PROG)

[F6]

Stephanie -- yep

(linked in) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77227185 and preceding and following

[arizona1]

it was about how 'our financial world' needed to be smaller .

This is how you do it. I don't know how it will end up but it's good to see Oakland standing up to Goldman Sachs.

Oakland 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.

In the absence of councilmember Patricia Kernighan (District 2), the remaining members of the council voted 7-0 in favor of passing a resolution that authorizes the City Administrator to negotiate the termination of a swap agreement that the City of Oakland entered into with Goldman Sachs in 1998. The resolution stipulates in part that “if Goldman Sachs refuses to terminate the swap agreement without termination fees or penalty within 60 days, then they will be excluded from any future business with the City of Oakland.”
http://oaklandnorth.net/2012/07/04/oakland-city-council-votes-to-terminate-swap-agreement-with-goldman-sachs/