The chairman of the City Council’s black caucus said Friday he will ask the council to void a housing financing deal with a unit of Wachovia Corp., charging that the company lied earlier this year when it denied any historical ties to slavery.
“I think they ought to be punished, and I think we ought to send a message so that anybody else who comes here has got to tell the truth,” said Ald. Ed Smith (28th). “It is a message to everybody else; if you lie, you are out.”
An apology by Wachovia’s chairman on Wednesday did little to satisfy unhappy aldermen.