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
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Pack the Court for Angela Crocket – Monday, June 3, 9 AM
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Foreclosures and Evictions
Stop Fannie Mae From Evicting the Hernandez Family! | A detener el Desalojo de Fannie Mae hacia la familia Hernández!
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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.