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View Diary: Can a Small California City Take on Wall Street - And Survive? (298 comments)

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  •  name the heroine (3+ / 0-)
    Recommended by:
    Eric Nelson, greenearth, jpmassar

    it's Richmond Mayor Gayle McLaughlin ( thank her at: an outspoken, fair minded, highly competent woman, who spearheaded this initiative on behalf of her constituents.  

    I once had the great pleasure of corresponding with her over police stop and intimidate practices in a near-by town that uses their call service. She expressed sympathy for the young man who had been unnecessarily frightened while at a bus stop, and had no problem naming it 'racial profiling.'  

    Let's hear it for Gayle McLaughlin.  

    •  Good idea (2+ / 0-)
      Recommended by:
      anna shane, jpmassar
      Wall Street is up in arms.
      ...the Securities Industry and Financial Markets Association (SIFMA)—have tried to dissuade local officials from pursuing the eminent domain strategy.

      In April, for example, SIFMA officials Kim Chamberlain and Tim Cameron traveled from New York to Richmond to persuade Mayor Gayle McLaughlin and her Council colleagues to back off.

      “We’re not going to be intimidated by these Wall Street folks,” said McLaughlin, a former teacher who has been mayor since 2006. “It is pretty outrageous to hear them opposing this. They’re the ones who caused this crisis in the first place. And they don’t have a solution. The city has every right to do this.”
      - emphasis added

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