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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Organizing Meeting – Make the Banks Pay for Detroit’s Financial Crisis, Mon., Jan. 28, 7 PM
The Banks Owe the City of Detroit Billions of Dollars for the Destruction of Our Neighborhoods CANCEL THE CITY’S DEBT — MAKE THE BANKS PAY,NOT THE WORKERS AND COMMUNITY No financial manager or “financial stability […]
Public Debt & Public Debt Moratorium
Say NO to EM Orr and Wall Street! – Thurs., June 6, 5:30pm
Demonstration Against EM Orr and the Banks Greater Grace Temple 23500 West Seven Mile at Telegraph, Detroit map Hotline: 313-744-7912 It appears that cowed by the threat of demonstrations exposing Detroit Emergency Manager Orr as […]
Foreclosures and Evictions
Paramount “Ponzi Scheme”
Detroit Police and Fire Retirement System Sues Over Alleged Paramount Ponzi Scheme Action taken to recover funds and keep Detroiters in homes DETROIT, May 19, 2011 — /PRNewswire/ — The Police and Fire Retirement System […]
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.