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
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 […]
Uncategorized
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 […]
Foreclosures and Evictions
“Flip This House” — Detroit style — is not exactly what the A&E TV producers had in mind.
By John Minnis, Legal News In the Motor City, out-of-state real estate companies are buying up thousands of homes in foreclosure from lenders for as little as $1. The problem is that many of these […]
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.