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
Foreclosures and Evictions
Pack the Pension Board Meeting, Nov. 29 – Support Paramount Homeowners
Thursday, November 29, 2012 10:30 AM Coleman A. Young Municipal Center, 9th floor 2 Woodward (at Jefferson), Detroit For the first time ever, the Pension Board has agreed to Paramount Homeowners on the Agenda, as […]
Public Debt & Public Debt Moratorium
Fightback Against The “FINANCIAL Advisory Board”
Not One Penny To The Banks Who Have Destroyed Detroit No To Lay-Offs, Wage Cuts, Elimination Of Human Services And Privatization On April 4th, the 44th anniversary of the assassination of Dr. Martin Luther King, […]
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.