Workers And Clergy Call On Oakland City Council To Vote Against Bank Interest Swaps - 03/10/10
Submitted by Doug Cunningham on March 9, 2010 - 4:20pm
 Printer-friendly version Send to friendBy Doug Cunningham
Workers, union activists and clergy leaders Tuesday called on the city of Oakland to follow the Los Angeles example and vote to end interest rate swap financial deals by Wall Street and banks. The workers says such deals cost Bay area governments more than $150 million a year. They say loss of that money harms public services. The Oakland action comes after the Los Angeles CIty council unanimously voted to demand banks end the practice.
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