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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Public Debt & Public Debt Moratorium
Bank of America and the Detroit Financial Crisis
State treasurer exposes the role of the banks in the economic meltdown By Abayomi Azikiwe Editor, Pan-African News Wire July 2, 2012 DETROIT—A series of corporate media reports indicate that if a legal challenge to […]
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Public Debt & Public Debt Moratorium
EM Kevin Orr’s Invitation to creditors – faxed from Jones Day office in Cleveland
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Public Debt & Public Debt Moratorium
Protest EM Kevyn Orr’s meeting with the public – Monday, June 10, 5:30pm
On Monday, June 10, 5:30 pm, Emergency Manager Kevyn Orr will deliver his Financial and Operating Plan to the public at the Wayne State University Law School, Spencer M. Partrich Auditorium, 471 West Palmer Street. […]
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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.