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
Public Debt & Public Debt Moratorium
Report of the Detroit Financial Review Team to Governor Snyder, March 26, 2012
DATE: March 26, 2012 TO: Governor Snyder FROM: Detroit Financial Review Team: Andy Dillon, Frederick Headen, Jack Martin, Conrad Mallet, Jr., Isaiah McKinnon, Glenda D. Price, Irvin D. Reid, Doug Ringler, Shirley R. Stancato, Brom […]
Public Debt & Public Debt Moratorium
Mass Demonstration Against Emergency Manager, June 6 & 10, 5:30pm
Demonstrate When Emergency Manager Kevyn Orr Meets the Public June 6 & 10! Demand a Moratorium on Payment of Billions of Dollars in Debt Service “Owed” by the City to the Banks! Fight to Restore […]
Public Debt & Public Debt Moratorium
No To The Emergency Financial Manager
Take It From The Banks, Not The Workers And Community The same banks who destroyed the City of Detroit’s tax base with their racist, predatory loans resulting in approximately 150,000 foreclosures in the past 5 […]
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.