Morning Wrap: 3/13/12

Top of the morning’s news:

• The foreclosure backlash spreads to Oakland, where the City Council is taking up whether to demand concessions from Wells Fargo if the city continues to do business with the bank. Oakland Tribune
• Gov. Jerry Brown seems resigned to a ballot of competing tax proposals in the fall. Political Blotter
• Yahoo made good on its threat to trigger a patent battle, suing Facebook. Mercury News
• San Francisco attorney Teveia Barnes was appointed by the governor as commissioner of the Department of Financial Institutions, the state’s top banking regulator. Marin IJ
• A 23-year-old bicyclist pleaded guilty to misdemeanor vehicular manslaughter for running a red light and fatally injuring a Washington D. C. woman along the Embarcadero in July. AP