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East Bay, Financial Timeline Saturday, October 11     Author
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Wachovia Faces Questions Over Lending
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Bank Facing Questions Over Lending

May 2008 ... more > Top ^

May.29
  Oakland: Many of World Savings (bought by Wachovia mid-2006) loans were made in some of Oakland's low-income minority neighborhoods
May.20
  Oakland: Some housing advocates are complaining about the way World Savings sold many of its loans during the housing boom
May.3 Residents ask banks to renegotiate loans
  Antioch: About two dozen people protested outside the branches of Countrywide, Wachovia and Washington Mutual

January 2008 ... more > Top ^

Jan.8 Upset about loan attacks bank employees
  Berkeley: 25-year-old is in custody after he ransacked a bank and attacked its employees with a knife when he grew upset about his student loan

year 2007 Top ^

May.3 Dellums released $2 billion budget  Oakland City Hall: The budget for 2 years continues current funding levels for most existing programs

year 2006 Top ^

Jun.29 Balanced $292 Million Budget Approved  Berkeley: The first time in 4 years that the city has been able to balance its budget without cuts in services or personnel

year 2005 Top ^

Jun.4 $103 million general fund city budget  Richmond: Mayor Irma L. Anderson has released a budget for fiscal 2006, which is a 3% increase over the previous fiscal year May.7 Proposed budget of $2 billion for 2 years  Oakland City Hall: Mayor Brown and City Administrator Edgerly have released a proposed budget that calls for eliminating 164 jobs

year 2004 Top ^

Jun.19 Audit finds schools deeply in debt to state  Oakland: City public schools may be forced to repay $163 million to state and feds because it didn't keep proper financial records Mar.4 City has a $35 million budget deficit  Richmond: The city started the fiscal year with a $8.3 million General Fund deficit, overspent by $6 million

year 2003 Top ^

Dec.18 City: $4.9 million in cuts to balance  Berkeley: The City Council backed away from plans to make cuts in important fire services Nov.21 Customer Data Stolen at Wells Fargo
  Concord: A stolen computer held names, addresses, and social security numbers. A break-in happened at one of the bank's offices
Jun.19 $840 million city budget passes  Oakland City Hall: City Council unanimously approved a city budget. Most unions have tentatively agreed to salary reductions Mar.28 $100 million loan asked for school district  Oakland: The school board has approved a motion to ask the state for a loan to keep the district out of bankruptcy Mar.10 District has $12 million budget shortfall  Richmond: Public school teachers may have to take a two-day unpaid furlough next school year Jan.20 City faces $20 million budget deficit  Fremont: An earthquake retrofit that has helped make improvements to 58 offices, shops and industrial buildings is at risk Jan.14 Mayor warns of budget cuts  Oakland City Hall: In his State of the City Brown warned that belt-tightening begin with immediate cuts in overtime spending

year 2002 Top ^

Nov.10 School district to get $50 million advance  Oakland: A cash advance from the county to help the School District pay its teachers will likely be approved this week Oct.22 School District has $35.5 million deficit  Oakland: The irregularities came to light as the district was switching to a new financial management software system Oct.16 Financial expert to handle schools budget  Oakland: The county has appointed a state financial expert after accounting discrepancies revealed missing millions Sep.1 County bracing for $25-million cut  Martinez: Contra Costa County Treasurer says new state budget will mean cutbacks



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