Tuesday, July 31, 2012

Cash-Strapped Oakland Wants Out Of Costly Bond Deal With Goldman Sachs


http://sanfrancisco.cbslocal.com/2012/07/31/cash-strapped-oakland-wants-out-of-costly-bond-deal-with-goldman-sachs/

Oakland is currently paying $4 million a year in interest to Goldman Sachs for bonds at a locked-in rate that has them overpaying by millions compared current rates. City officials have said that needs to change.

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