continued Mark Blake, chief deputy city attorney, says that Citigroup and Lehman Brothers were named comanagers of pension obligation bonds in the summer of 2004 -- an assignment that hasn't gone anywhere as the city debates whether these bonds are worthwhile. He doesn't know if city councilmembers were notified. He finds the confidentiality agreement "a bit odd -- I assume it was done on advice of counsel," he says. The arrangement would have been handled under Aguirre's predecessor, Casey Gwinn.
But will this debate be out in the open? Will there be an open discussion of sewer private placement bonds, if there are to be any? Will Goldstone level with the council and the public? Will Wall Street insist on nondisclosure agreements? Will its statements be phrased in indecipherable legal Latin? Obscurantism, thy name is Wall Street. Subterfuge, thy name is San Diego.