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
Moratorium NOW! Coalition Responds to Kevyn Orr
Moratorium NOW! Coalition’s response to Detroit Emergency Manager Kevyn Orr’s Financial and Operating Plan, issued on May 12, 2013 click here to download the statement Detroit Emergency Manager Kevyn Orr’s May 12, 2013 Financial and […]
Public Debt & Public Debt Moratorium
Detroit’s Economic Crisis and the Role of the Banks: Part of a Global Crisis
Note: The following address was delivered at a public meeting organized by the Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shut-offs on the role of the banks in the financial ruin of the […]
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 […]
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.