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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FOIA Complaint Filed to Demand Copies of All City of Detroit Bonds and Swaps with Banks
MORATORIUM NOW! COALITION TO STOP FORECLOSURES, EVICTIONS & UTILITY SHUT-OFFS 5920 SECOND AVE., DETROIT, MI 48202 313-680-5508 www.moratorium-mi.org FOR IMMEDIATE RELEASE – contact 313-680-5508 FOIA COMPLAINT FILED TO DEMAND COPIES OF ALL CITY OF DETROIT […]
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We Shall Not Be Moved Rally – Jan. 2, 2012
We Shall Not Be Moved Rally Oppose the Emergency Manager! Repeal Public Act 4! Defend Democracy and the Right to Self-Determination! Make the Banks Pay! Monday January 2, 2012 5 PM Tabernacle Missionary Baptist Church […]
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Strategy Meeting — Make Banks Pay for Detroit’s Fiscal Crisis., Wed., May 29, 7 PM
STRATEGY MEETING — MAKE THE BANKS PAY FOR DETROIT’S FINANCIAL CRISIS BUILD A MASS DEMONSTRATION WHEN EM ORR DELIVERS HIS PUBLIC REPORT Meeting Wednesday, May 29, 7:00 pm, Central United Methodist Church, 23 E. Adams, […]
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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.