The City of Detroit financial documents pertaining to municipal bond contracts and related issues obtained by the Moratorium NOW! Coalition are now ready to the public at detroitdebtmoratorium.org or here at DetrotDebtDocs
Related Articles
People’s Forum to End Emergency Management, Sat., Aug. 17
People’s Forum to End Emergency Management in Michigan What Emergency Management and bankruptcy mean to You and Your Community: The Impact & Solutions Saturday, August 17 9:30am Samaritan Center 5555 Conner Street, #2244 Detroit, MI […]
Support Paramount Homeowners Facing Eviction
Emergency Rally at Circuit Court: Friday, Oct. 26, 9 am Coleman A. Young Municipal Center, Detroit, Jefferson Ave. and Woodward Courtroom of Judge John Gillis Paramount victims Steve Bynum, Kim Pierce, Dana Hill-photo by Steve […]
Share this:
- Click to share on Facebook (Opens in new window)
- Click to share on Twitter (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to email a link to a friend (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to print (Opens in new window)
EM Kevin Orr’s Invitation to creditors – faxed from Jones Day office in Cleveland
Share this:
- Click to share on Facebook (Opens in new window)
- Click to share on Twitter (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to email a link to a friend (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to print (Opens in new window)
How complex were these ‘credit default swaps’ from a interest rate stand-point? Was this a ‘kick-the-can-down-the-road’ transaction(s) because of looming termination or deadline payments the city could not meet, therefore settling for extremely high rates on bond payments?
Shawn Werdlow, former CFO -City of Detroit, now with the Bond and Securities firm Siebert Brandford Shank had to juggle these bonds continuously.